Stock Market Response to Voluntary Liquidations and Reorganizations of Real Estate Corporations
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.
Finance and General Business
Elayan, Fayez A., and Brian A. Maris. "Stock Market Response to Voluntary Liquidations and Reorganizations of Real Estate Corporations." Real Estate Economics 19, no. 1 (1991): 92-101.
Real Estate Economics