Systematic risk behavior of financially distressed firms

The Pricing of Options and Corporate Liabilities

1973 • 29,036 citations

The option pricing model and the risk factor of stock

1976 • 1,293 citations

THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS

1972 • 1,034 citations

Risk and return: The case of merging firms

1974 • 927 citations

A Further Empirical Investigation of the Bankruptcy Cost Question

1984 • 901 citations

A MEAN‐VARIANCE SYNTHESIS OF CORPORATE FINANCIAL THEORY

1973 • 526 citations

A MEAN‐VARIANCE THEORY OF OPTIMAL CAPITAL STRUCTURE AND CORPORATE DEBT CAPACITY

1978 • 498 citations

THE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES

1978 • 299 citations

The Theoretical Relationship Between Systematic Risk and Financial (Accounting) Variables

1979 • 283 citations

An Analysis of Risk and Return Characteristics of Corporate Bankruptcy Using Capital Market Data

1980 • 182 citations

How risky is the debt in highly leveraged transactions?

1990 • 115 citations

The Resolution of Claims in Financial Distress the Case of Massey Ferguson

1983 • 97 citations

Information Effects and Stock Market Response to Signs of Firm Deterioration

1981 • 68 citations

Explanations for the Instability of Equity Beta: Risk-Free Rate Changes and Leverage Effects

1985 • 47 citations

On the Use of the CAPM in Public Utility Rate Cases

1977 • 43 citations

Heard on the street

1974 • 27 citations

The Theoretical Relationship between Systematic Risk and Financial (Accounting) Variables: Comment

1981 • 4 citations