This paper uses firm-level data from Colombia to examine whether firms with foreign equity participation (FDI firms) perform better than domestic firms during recovery from financial distress. The paper first presents evidence that those FDI firms in financial distress in the beginning of the sample period performed better than domestic firms during recovery in terms of several indicators of earnings and growth. The paper then asks whether better...
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INFORMACIÓN
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1991/12/31
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Documento de trabajo departamental
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7933
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1
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1
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2010/07/01
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Do firms with foreign equity recover faster from financial distress? : the case of Colombia
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Earnings Before Interest and Taxes