The Risk-Adjusted Cost of Financial Distress Heitor Almeida and Thomas Philippon∗ Abstract Financial distress is more likely to happen in bad times. The present value of distress costs therefore

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Date: 2006-08-04 16:41:00		The Risk-Adjusted Cost of Financial Distress Heitor Almeida and Thomas Philippon∗ Abstract Financial distress is more likely to happen in bad times. The present value of distress costs therefore Add to Reading List Source URL: pages.stern.nyu.edu Download Document from Source Website File Size: 362,06 KB Share Document on Facebook