IDEAS home Printed from https://ideas.repec.org/a/ove/journl/aid12566.html
   My bibliography  Save this article

Long-run performance of firms emerging from financial distress: Empirical evidence from Malaysia

Author

Listed:
  • Abd Halim Ahmad
  • Nur Adiana Hiau Abdullah
  • Kamarun Nisham Taufil Mohd

Abstract

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.

Suggested Citation

  • Abd Halim Ahmad & Nur Adiana Hiau Abdullah & Kamarun Nisham Taufil Mohd, 2018. "Long-run performance of firms emerging from financial distress: Empirical evidence from Malaysia," Economics and Business Letters, Oviedo University Press, vol. 7(1), pages 47-54.
    • Handle: RePEc:ove:journl:aid:12566
    as

    Download full text from publisher

    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/12566
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ayadi, Rim & Abid, Ilyes & Guesmi, Khaled, 2021. "Survival of reorganized firms in France," Finance Research Letters, Elsevier, vol. 38(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ove:journl:aid:12566. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Francisco J. Delgado (email available below). General contact details of provider: https://edirc.repec.org/data/deovies.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.