This study theorizes and tests the notion that firms that engage in symbolic can generate positive bankruptcy outcomes. We test our hypothesis with data on 250 bankruptcy cases spanning three years, employing a content analysis of these companies’ rich language surrounding the bankruptcy filing.
Rich language for poor firms: the symbolic management of bankruptcy
Wohlgezogen, Franz;
2011
Abstract
This study theorizes and tests the notion that firms that engage in symbolic can generate positive bankruptcy outcomes. We test our hypothesis with data on 250 bankruptcy cases spanning three years, employing a content analysis of these companies’ rich language surrounding the bankruptcy filing.
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