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Full-Text Articles in Business
Three Essays In Chapter 11 Bankruptcy: Post Bankruptcy Performance, Bankrupt Stock Performance, And Relationship With Hedge Funds And Other Vulture Investors, Min Xu
Open Access Dissertations
Firms that emerged from Chapter 11 as public companies have tons of characteristics. The first essay analyzes their post bankruptcy performance, duration effect, and the quality of their projection information. While the sample's post bankruptcy performance does show improvement, their projections tend to be optimistic. Firms with shorter durations in Chapter 11generally achieve better performance than those with longer durations, in terms of Z-scores, but not in excess returns. Compared to firms that did not provide (complete) projection information, the sample firms generally exhibit better improvement, as measured by Z-scores and short term excess returns. The second essay tracks the …
Excess Return Estimate And Risk Factors In Hospitality Firms, Genti Lagji
Excess Return Estimate And Risk Factors In Hospitality Firms, Genti Lagji
Masters Theses 1911 - February 2014
Calculating the expected return has been a longstanding issue in the finance. There is a positive correlation between the undertaken risk and excess return (or loss) but numerous variables need to be considered. This study builds on the Fama and French formula and adds factors unique to the hospitality industry such as labor cost and diversification in order to get results that are a tailored to the hospitality industry. Active hotel and restaurants companies (SIC 7011 and 5812 respectively) in the 2000-2009 period were analyzed in separate samples. The labor cost improves the explanatory on both samples and the diversification …
The Outlook For 2010: A Long Hard Slog Ahead, Michael Goodman, Robert A. Nakosteen
The Outlook For 2010: A Long Hard Slog Ahead, Michael Goodman, Robert A. Nakosteen
Robert A Nakosteen
While the outlook for the Massachusetts economy remains uncertain, current and leading economic indexes indicate that the “great recession” has probably come to an end in the state.