An Inquiry into Earning Management Motives: Evidence from Pakistani Distressed and Non-Distressed Firms

Learning, Active Investors, and the Returns of Financially Distressed Firms

I develop an analytically tractable dynamic asset pricing model to study expected returns of financially distressed firms in the presence of learning about firm fundamentals and endogenous information acquisition by active investors. The model reveals that learning and information acquisition critically affect lowfrequency risk exposures close to default and can, counter to standard models, rat...

Assessment of work intensification by managers and psychological distressed and non-distressed employees: a multilevel comparison

Work intensification is a popular management strategy to increase productivity, but at the possible expense of employee mental stress. This study examines associations between ratings of work intensification and psychological distress, and the level of agreement between compared employee-rated and manager-rated work intensification. Multi-source survey data were collected from 3,064 employees a...

Detecting Distressed and Non-distressed Affect States in Short Forum Texts

Improving mental wellness with preventive measures can help people at risk of experiencing mental health conditions such as depression or post-traumatic stress disorder. We describe an encouraging study on how automatic analysis of short written texts based on relevant linguistic text features can be used to identify whether the authors of such texts are experiencing distress. Such a computatio...

Do Empty Creditors Matter? Evidence from Distressed Exchange Offers

We examine the effect of credit default swaps (CDSs) on the restructuring of distressed firms. Theoretically, we show that if bondholders are insured with CDSs, the participation rate in a restructuring decreases. Using a sample of distressed exchange offers, we estimate that the participation rate is 29% lower if the firm has CDSs traded on its debt, compared to an unconditional mean of 54%. W...

Behavioral comparisons of children from abusive and distressed families.