Why are the indirect costs of financial distress likely to be more important than the direct costs

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Why are the indirect costs of financial distress likely to be more important than the direct costs of bankruptcy?

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Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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Question Posted: Mar 31, 2017 02:27 PM

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Why are the indirect costs of financial distress likely to be more important than the direct costs

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Studies typically report that the average direct cost...View the full answer

Fundamentals of Corporate Finance

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