Are Profit Warnings and Suspension Notices Adequate Disclosures of distress

About this item

Title

Are Profit Warnings and Suspension Notices Adequate Disclosures of distress

Content partner

University of Canterbury Library

Collection

UC Research Repository

Description

The paper uses simple event study methodology to look at whether disclosures of financial distress in terms of profit warning announcements and suspension notices impact on the market price of the shares of publicly listed New Zealand firms and examines the correlation between the behaviour of share prices and the firm’s corresponding Z score, which is indicative of the severity of financial distress. Using a sample of 71 distressed and matching control firms, the results are generally in sup...

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Format

Research paper

Research format

Journal article

Date created

2011

Creator

Anderson, W.W. / Chang, A.

URL

http://hdl.handle.net/10092/6277

Related subjects

finance / event study / financial distress / abnormal returns / Altman’s Z / Economics / Applied economics / Financial economics

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More Information

You can learn more about the rights status of this item at: https://hdl.handle.net/10092/17651

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