Missong, MartinMertens, Richard LennartRichard LennartMertens2020-03-092020-03-092017-09-28https://media.suub.uni-bremen.de/handle/elib/1297The central question of this thesis is whether firm distress risk explains stock returns. This question is important because it has been suspected that distress risk might reconcile a growing evidence on patterns in returns, which are otherwise hard to explain, with conventional economic theory. The actual empirical work is presented in four papers in the annex of this document.eninfo:eu-repo/semantics/openAccessAsset PricingDefault Risk330Dissertationurn:nbn:de:gbv:46-00106107-14