How Costly is Financial (not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed

Liquidation Values and Debt Capacity: A Market Equilibrium Approach

Andrei Shleifer, Robert W. Vishny · The Journal of Finance · 1992 · 2.9K citations · Full text

Business, Business Economics, Finance +17

Troubled debt restructurings

Stuart C. Gilson, Kose John, Larry H.P. Lang · Journal of Financial Economics · 1990 · 1.1K citations

Financial distress, reorganization, and organizational efficiency

Karen H. Wruck · Journal of Financial Economics · 1990 · 792 citations

Business, Corporate Governance, Organizational Behavior +14

Bankruptcy resolution

Lawrence A. Weiss · Journal of Financial Economics · 1990 · 724 citations

The Determinants of Leveraged Buyout Activity: Free Cash Flow vs. Financial Distress Costs

Tim C. Opler, Sheridan Titman · The Journal of Finance · 1993 · 494 citations

Business, Business Economics, Finance +14