Long-run performance of firms emerging from financial distress: Empirical evidence from Malaysia

Autores/as

  • Abd Halim Ahmad Universiti Utara Malaysia
  • Nur Adiana Hiau Abdullah Universiti Utara Malaysia
  • Kamarun Nisham Taufil Mohd Universiti Utara Malaysia

DOI:

https://doi.org/10.17811/ebl.7.1.2018.47-54

Resumen

We examine the long-run performance of firms emerging from financial distress in Malaysia. The sample consists of 114 companies listed on the Bursa Malaysia stock exchange that emerged from a financially distressed classification between 2001 and 2014. We investigate whether post-distressed performance is similar to the performance of firms of equivalent size and book-to-market ratio and the market indices. The results suggest that firms emerging from financial distress in Malaysia underperform when compared to the performance of firms similar in size and book-to-market ratio and the market indices. This suggests that the post-restructuring performance of firms on the Bursa Malaysia stock exchange that have emerged from financial distress does not improve.

Citas

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Publicado

2018-05-08

Cómo citar

Ahmad, A. H., Abdullah, N. A. H., & Taufil Mohd, K. N. (2018). Long-run performance of firms emerging from financial distress: Empirical evidence from Malaysia. Economics and Business Letters, 7(1), 47–54. https://doi.org/10.17811/ebl.7.1.2018.47-54

Número

Vol. 7 Núm. 1 (2018): March

Sección

Artículos

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