Erik Lie Research Suggests Bankruptcy Won't Help GM Much
New research by Erik Lie, a finance professor in the Tippie College of Business, suggests today's bankruptcy filing by General Motors will be of little help to the company's long-term prospects. In this video, he explains that his study shows most companies declaring Chapter 11 bankruptcy emerge too soon and with too much debt to remain competitive with their peer companies.
Professor Lie discussed his study on CNBC on June 1. The video is online at www.cnbc.com/id/15840232?video=1137998950&play=1.
Contact: Tom Snee, UI News Services, 319-384-0010