Troubled Savings and Loan Institutions: Turnaround Strategies under Insolvency
研究资不抵债的储蓄与贷款机构如何通过扭亏为盈策略摆脱困境，对金融从业者和监管者有参考价值。
Financial ManagementThis research was begun while the first author was a visiting scholar at the FederalReserve Bank of Cleveland. The authors thank Mitch Berlin, Harold Black, MichaelBradley, M. Cary Collins, Silverio Foresi, Bob Grotch, Joe Haubrich, Chris James, KoseJohn, Ed Kane, Steve Kaplan, Jiang-Ping Mei, Eli Ofek, Wayne Passmore, PatriciaRudolph, Ronald Shrieves, the participants at the session on “Banks and otherDepository Institutions” at the January 1992 American Finance Association Meetings inNew Orleans, Louisiana, and two anonymous referees for helpful comments andsuggestions. The research assistance of Aris Athanassiou, Ralph Day, and Chris Pikeis gratefully acknowledged. Any errors are the authors and not necessarily those of theFederal Reserve Bank of Cleveland or of the Board of Governors of the FederalReserve System.1Forthcoming in Financial Management