Other
Fire-sale channel of industry contagion: evidence from the pricing of industry recovery rate
Abstract
How does bankruptcy contagion propagate among industry peers? We study the fire-sale
channel of industry contagion by examining whether the cost of debt of a company is affected by
Authors
Hsieh Y-T; Miu P; Liu W; Chang Y; Michael L-CFIFSBS
Publication Date
August 2016