Title

Stock Market Response to Voluntary Liquidations and Reorganizations of Real Estate Corporations

Abstract

Announcements of voluntary liquidation or reorganization by real estate corporations are analyzed. There is a positive stock price response to announcement of liquidation, and a negative stock price response to announcements of reorganization. Results were the same before and after the 1978 Bankruptcy Reform Act took affect.

Department(s)

Finance and General Business

Document Type

Article

DOI

https://doi.org/10.1111/1540-6229.00542

Publication Date

1-1-1991

Journal Title

Real Estate Economics

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