Credit Default Swaps, Financial Distress and Corporate Acquisitions

Dark Knights: The Rise in Firm Intervention by Credit Default Swap Investors

“…6 Their theoretical framework has since been extended by Arping (2014), Kim (2016), Danis and Gamba (2018), Colonnello, Efing, and Zucchi (2019), Campello and Matta (2020), Bartram, Conrad, Lee, and Subrahmanyam (2021), and Wong and Yu (2021), among others. Empirical tests of the theory can be found in Subrahmanyam, Tang, and Wang (2014), Danis (2017), Guest, Karampatsas, Petmezas, and Travlos (2017), Batta and Yu (2018), Narayanan and Uzmanoglu (2018), Chang, Chen, Wang, Zhang, and Zhang (2019), Colonnello, Efing, and Zucchi (2019), Caglio, Darst, and Parolin (2019), Degryse, Gündüz, O'Flynn, and Ongena (2020), and Bartram, Conrad, Lee, and Subrahmanyam (2021).…”

Dark Knights: The Rise in Firm Intervention by CDS Investors

“…6 Their theoretical framework has since been extended by Arping (2014), Kim (2016), Danis and Gamba (2018), Colonnello, Efing, and Zucchi (2019), Campello and Matta (2020), Bartram, Conrad, Lee, and Subrahmanyam (2021), and Wong and Yu (2021), among others. Empirical tests of the theory can be found in Subrahmanyam, Tang, and Wang (2014), Danis (2017), Guest, Karampatsas, Petmezas, and Travlos (2017), Batta and Yu (2018), Narayanan and Uzmanoglu (2018), Chang, Chen, Wang, Zhang, and Zhang (2019), Colonnello, Efing, and Zucchi (2019), Caglio, Darst, and Parolin (2019), Degryse, Gündüz, O'Flynn, and Ongena (2020), and Bartram, Conrad, Lee, and Subrahmanyam (2021).…”