BLOOMINGTON, Ind. – Bankruptcy courts across the United States and abroad claim to assign judges to individual cases randomly to promote fairness in the judicial system, but new research from the Indiana University Kelley School of Business suggests otherwise. Analyzing U.S. corporate bankruptcy filings between 2010 and 2020, Kristoph Kleiner, associate professor of finance at… Read more »
Tag: Journal of Finance
Investors generally underestimated the risk and impact of hurricanes, prior to feeling “Superstorm” Sandy’s fury on Wall Street
BLOOMINGTON, Ind. – Weather experts are warning that this year’s Atlantic hurricane season, which officially began June 1, could be among the most active on record. Hurricanes annually cause millions of dollars in damage to households and public infrastructure, but also to businesses. Hurricanes and other extreme weather events also create spikes in uncertainty that… Read more »