... Financial distress refers to a situation in which a firm faces financial difficulty, causing an overdraft of bank loans, debt default, and bankruptcy (Sun et al., 2014). Financial distress is one of the most important factors influencing firms’ values (Opler and Titman, 1994). Not long ago...

...Emilio C. Venezian Purpose This article aims to report the results of research into the effect of expanding the traditional models for valuation of simple securities to include the effect of taxation of the cash flows from investing and the possibility of bankruptcy of the issuer. Design...