Economics at your fingertips  

What factors discriminate reorganized and delisted distressed firms: Evidence from Malaysia

Abd Halim Ahmad

Finance Research Letters, 2019, vol. 29, issue C, 50-56

Abstract: This paper examines the factors that differentiate reorganized and delisted financially distressed firms in Malaysia. The results show that earnings before interest and tax to interest expense, cumulative average abnormal returns and the role the top 10 largest shareholders play are significant. The inclusion of firm-specific financial, market and institutional variables improve the estimation. The findings of this study suggest models incorporating these features can be used by creditors, regulators and investors to manage credit and financial market risk.

Keywords: Financial distress; Reorganize; Delisted; Malaysia (search for similar items in EconPapers)
JEL-codes: G23 G32 G34 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2024-07-01
Handle: RePEc:eee:finlet:v:29:y:2019:i:c:p:50-56