An analysis of the relationship between financial distress risk and equity returns
The current research aims to examine the systematic and unsystematic relationship between financial distress risk and equity returns based on the Black-Scholes-Merton probability of default measure of financial distress risk in the TSE from 2001 to 2012. This research integrates the theory of financ...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2015-08-01
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| Series: | بررسیهای حسابداری و حسابرسی |
| Subjects: | |
| Online Access: | https://acctgrev.ut.ac.ir/article_54972_03282e5969412423fc5ad0565e80cb79.pdf |