Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia
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 performa...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Oviedo University Press
2018
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25613/1/EBL%207%201%202018%2047%2054.pdf |
| _version_ | 1803628968581005312 |
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| author | Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau Taufil Mohd, Kamarun Nisham |
| author_facet | Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau Taufil Mohd, Kamarun Nisham |
| author_sort | Ahmad, Abd Halim @ Hamilton |
| collection | UUM |
| description | 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. |
| first_indexed | 2024-07-04T06:30:23Z |
| format | Article |
| id | uum-25613 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:30:23Z |
| publishDate | 2018 |
| publisher | Oviedo University Press |
| record_format | dspace |
| spelling | uum-256132019-02-19T08:35:53Z https://repo.uum.edu.my/id/eprint/25613/ Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau Taufil Mohd, Kamarun Nisham HG Finance 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. Oviedo University Press 2018 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/25613/1/EBL%207%201%202018%2047%2054.pdf Ahmad, Abd Halim @ Hamilton and Abdullah, Nur Adiana Hiau and Taufil Mohd, Kamarun Nisham (2018) Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia. Economics and Business Letters, 7 (1). p. 47. ISSN 2254-4380 http://doi.org/10.17811/ebl.7.1.2018.47-54 doi:10.17811/ebl.7.1.2018.47-54 doi:10.17811/ebl.7.1.2018.47-54 |
| spellingShingle | HG Finance Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau Taufil Mohd, Kamarun Nisham Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia |
| title | Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia |
| title_full | Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia |
| title_fullStr | Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia |
| title_full_unstemmed | Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia |
| title_short | Long-run performance of firms emerging from financial distress: empirical evidence from Malaysia |
| title_sort | long run performance of firms emerging from financial distress empirical evidence from malaysia |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/25613/1/EBL%207%201%202018%2047%2054.pdf |
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