Buying And Selling Of Distressed Companies Mandarin Version

Author : Dr Michael Teng
Publisher : Corporate Turnaround Centre Pte Limited
Page : 124 pages
File Size : 45,8 Mb
Release : 2014-04-02
Category : Business & Economics
ISBN : 9810795572

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Buying and Selling of Distressed Companies (Mandarin Version) by Dr Michael Teng Pdf

Why would anyone want to invest in a company that has declared or is near bankruptcy? Most people would not want to touch such a stock but there are many who specialize in this very field. Distressed securities are the securities such as stocks, bonds, other financial claims of a company that is close to or has reached financial distress. If a company has filed for bankruptcy, it is under financial distress. This category also includes bank debt and non-performing loans. They fail to make regular interest or principal payments, and they trade at yields higher than those of similar dated Treasuries. Who would want to invest here? Once their financial distress becomes evident, there is lot of panic selling and these then trade at deep discounts. At this stage, they present an attractive opportunity to anyone who has analysed their true worth. In recent years, private firms such as hedge funds, private equity firms have been among the largest buyers of distressed securities. They hold the securities until they have appreciated, and then sell them. This book examines the fundamental issues in relating to buying and selling of distressed companies. It is a sequel to the first highly successful book by the same author: Fundamentals of buying and selling companies.

Author : Michael Teng
Publisher : Createspace Independent Publishing Platform
Page : 100 pages
File Size : 43,5 Mb
Release : 2014-07-28
Category : Business & Economics
ISBN : 1500662844

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Buying and Selling of Distressed Companies by Michael Teng Pdf

Why would anyone want to invest in a company that has declared or is near bankruptcy? Most people would not want to touch such a stock but there are many who specialize in this very field.Distressed securities are the securities such as stocks, bonds, other financial claims of a company that is close to or has reached financial distress. If a company has filed for bankruptcy, it is under financial distress. This category also includes bank debt and non-performing loans. They fail to make regular interest or principal payments, and they trade at yields higher than those of similar dated Treasuries. Who would want to invest here? Once their financial distress becomes evident, there is lot of panic selling and these then trade at deep discounts. At this stage, they present an attractive opportunity to anyone who has analysed their true worth. In recent years, private firms such as hedge funds, private equity firms have been among the largest buyers of distressed securities. They hold the securities until they have appreciated, and then sell them. This book examines the fundamental issues in relating to buying and selling of distressed companies. It is a sequel to the first highly successful book by the same author: Fundamentals of buying and selling companies.

Author : Wai Yee Wan
Publisher : Bloomsbury Publishing
Page : 379 pages
File Size : 47,6 Mb
Release : 2022-07-28
Category : Law
ISBN : 9781509952342

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Court-Supervised Restructuring of Large Distressed Companies in Asia by Wai Yee Wan Pdf

This book provides an in-depth analysis of 4 economically significant Asian jurisdictions: Mainland China, India, Hong Kong and Singapore. These jurisdictions have recently either reformed – or are considering reforming – their corporate restructuring laws to promote regimes conducive to restructuring financially distressed, but otherwise economically viable, companies. Mainland China, India, Hong Kong and Singapore continue to adhere to a framework that requires the court's final approval but draw references from Chapter 11 of the Bankruptcy Code 1978 in the United States and/or the schemes of arrangement in the United Kingdom. However, the institutional and market structures are very different in Asia; in particular, Asia has a far higher concentration in shareholdings among listed firms, including holdings by families and the state, and a different composition of creditors. The book explains how, notwithstanding the legal transplantation, corporate restructuring laws in these Asian jurisdictions have adapted and evolved due to the frictions in shareholder-creditor and creditor-creditor relationships, and the role of the state in resolving non-performing loans and financial distress of state-owned enterprises which are listed, or which issue public debt. The study argues that any reforms must go beyond professionalising the insolvency professionals and the judiciary but must be designed to address fundamental issues of corporate governance, bank regulation and enforcing non-bankruptcy rules. It offers invaluable insights for academics and policy makers alike.

Author : Remi B. Piet,Bruce M. Bagley,Marcelo R. S. Zorovich
Publisher : Lexington Books
Page : 454 pages
File Size : 40,6 Mb
Release : 2017-02-03
Category : Political Science
ISBN : 9781498506236

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Energy Security and Environmental Sustainability in the Western Hemisphere by Remi B. Piet,Bruce M. Bagley,Marcelo R. S. Zorovich Pdf

Energy Security and Environmental Sustainability in the Western Hemisphere examines the need to integrate sustainability at the core of national energy security strategy. With case studies from countries throughout the Western Hemisphere, it explains how energy strategies are central to the development of national economies and stable societies.

Author : Zhibin Gu
Publisher : Fultus Corporation
Page : 248 pages
File Size : 45,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 9781596821071

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China and the New World Order by Zhibin Gu Pdf

Get the inside story from a Chinese journalist/consultant about China's surge under globalization and capitalism. This second volume of a trilogy covers (1) political-economic trends; (2) Chinese multinationals vs. global giants; (3) trade, the yuan, banking, insurance, and the stock market; and (4) issues with Taiwan, the West, India, and Japan.

Author : Dan Schiller
Publisher : University of Illinois Press
Page : 197 pages
File Size : 53,5 Mb
Release : 2024-04-22
Category : Computers
ISBN : 9780252047398

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How to Think about Information by Dan Schiller Pdf

It is common wisdom that the U.S. economy has adapted to losses in its manufacturing base because of the booming information sector, with high-paying jobs for everything from wireless networks to video games. We are told we live in the Information Age, in which communications networks and media and information services drive the larger economy. While the Information Age may have looked sunny in the beginning, as it has developed it looks increasingly ominous: its economy and benefits grow more and more centralized--and in the United States, it has become less and less subject to democratic oversight. Corporations around the world have identified the value of information and are now seeking to control its production, transmission, and consumption. In How to Think about Information, Dan Schiller explores the ways information has been increasingly commodified as a result and how it both resembles and differs from other commodities. Through a linked series of theoretical, historical, and contemporary studies, Schiller reveals this commodification as both dynamic and expansionary, but also deeply conflicted and uncertain. He examines the transformative political and economic changes occurring throughout the informational realm and analyzes key dimensions of the process, including the buildup of new technological platforms, the growth of a transnationalizing culture industry, and the role played by China as it reinserts itself into an informationalized capitalism.

Author : Anonim
Publisher : Unknown
Page : 210 pages
File Size : 46,7 Mb
Release : 2007
Category : China
ISBN : 1429528222

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All the Tea in China by Anonim Pdf

Author : George Zhibin Gu,Zhibin Gu,Andre Gunder Frank
Publisher : Fultus Corporation
Page : 251 pages
File Size : 49,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 9781596820937

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China's Global Reach by George Zhibin Gu,Zhibin Gu,Andre Gunder Frank Pdf

China's new economic surge is a surprise to all, but this ancient land remains a myth to both foreigners and Chinese. Get the inside story from a Chinese journalist/consultant about China's business, society, and politics under globalization and capitalism. This revised volume gives an insider's analysis on what's behind China's surge and its implications to the world. It covers key global issues such as manufacturing and job transfers, Chinese multinationals vs. global giants, and changing production, trade and investment trends, as well as evolving international relations."China's Global Reach" explores:- The ever-increasing influence of foreign multinationals (15 plus case studies);- National and business competition;- The ever-expanding power of Chinese multinationals (15 plus case studies);- Global job and manufacturing transfers;- The rise of Chinese consumers vs. opportunities;- China's political-economic reform;- Changing global production and economic map;- Comparative studies on China, US, Europe, Japan and India;- Evolving international relations;- Convergent movement of global civilizations; and- And more - including an afterword by Andre Gunder Frank!"China's Global Reach: Markets, Multinationals, and Globalization" is a straightforward and timely analysis of a changing world in relation to a fast-developing China. It is a book perfect for professionals, investors, policy makers, educators, and students, as well as for anyone who questions how the world will move ahead to the next stages.ReviewsJames Borton, China Venture News:"Must read for all businessmen going to China."William Ratliff, Hoover Fellow at Stanford University:"Five Stars."Dr. Paul Close, Centre for the Study of Globalization and Regionalization, University of Warwick, UK:"Very insightful... valuable information, analysis and argument of interest ... for readers of whatever kind ...should be on all bookshelves."Ronald Hilton, Hoover Fellow at Stanford University; President, World Association of International Studies:"It takes up history of globalization ... together with Afterword by Andre Gunder Frank ... fits our Learning History Project."Contemporary History Association:"This book suggests that a new global power balance will emerge gradually and most likely indirectly."

Author : James Stent
Publisher : Oxford University Press
Page : 305 pages
File Size : 44,7 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780190497033

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China's Banking Transformation by James Stent Pdf

China's Banking Transformation describes the strengths and weaknesses of the Chinese banking system based on the author's 12 years serving on two Chinese bank boards

Author : Alfred Yee
Publisher : University of Washington Press
Page : 208 pages
File Size : 45,7 Mb
Release : 2012-09-01
Category : Social Science
ISBN : 9780295802282

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Shopping at Giant Foods by Alfred Yee Pdf

From the 1930s through the 1970s, Chinese American owned supermarkets located outside of Chinatown, catering to a non-Chinese clientele, and featuring mainstream American foods and other products and services rose to prominence and phenomenal success in Northern California, only to decline as union regulations and competition from national chains made their operation unprofitable. Alfred Yee’s study of this trajectory is an insider’s view of a fascinating era in Asian American immigration and entrepreneurship. Drawing on oral interviews with individuals who worked in the business during its peak and decline, he presents an accessible history that illustrates how this once-thriving business fostered the social and economic integration of Chinese Americans into life in the United States. Yee demonstrates how Chinese American supermarkets were able to sell American groceries at reduced prices by using the cheap labor of family members and Chinese immigrants whose entry to the United States had been sponsored by their employers. This type of symbiotic relationship was eventually undermined by labor unions’ demands that employees be covered by labor laws and fully compensated for all hours worked. Also contributing to the ultimate demise of Chinese American supermarkets were increasing costs of capitalization and operation, the dominance of national chain stores, and difficulties arising from traditional Chinese methods of business management.

Author : Susan Norgren
Publisher : BalboaPress
Page : 350 pages
File Size : 42,5 Mb
Release : 2012-12-18
Category : Political Science
ISBN : 9781452554396

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When the Golden Egg Cracks by Susan Norgren Pdf

REVELATIONS FOR A CHANGING EARTH AND EVERYTHING YOU NEED TO KNOW TO SURVIVE The book you hold in your hand has the answer to any dilemma you might face under life-shattering changes that may be ahead for America and the Earth. DreamMyst, a Universal Light Being, shares with the world her absolute wisdom and insights about the future for Americans. Is the United States headed toward martial law and a revolution? Will solar flares disrupt our electrical power for more than a year? Will the dollar crash, causing gold and silver to skyrocket in value? Where will you get food when the supermarkets are empty? Would you go hungry? In desperation, will you loot to save your family, or be the victim of looters? Her honesty will open your mind to the certainty of what is really happening in the United States. DreamMyst unveils the alarming truth about: The declining economy A corrupt government Why there will be greater natural disasters How can you prepare for these potential events? By using the knowledge in this book, your answer will be... Yes, I am prepared. I know what to do. I have comprehensive information and simple instructions. I know how to survive, and how to thrive. My family and I are ready to create a new life and new future. With co-author, Susan Norgren, DreamMyst provides practical, lifesaving information with real facts and resources. To prepare, thrive, and prosper in the years ahead, she reveals the Timeline of Future Events for America. WHEN THE GOLDEN EGG CRACKS... is about creating history while enjoying the adventure. It all begins with you. DreamMyst

Author : H Kent Baker,Greg Filbeck,Tom Barkley
Publisher : World Scientific
Page : 543 pages
File Size : 54,6 Mb
Release : 2023-03-21
Category : Business & Economics
ISBN : 9789811259678

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Working Capital Management: Concepts And Strategies by H Kent Baker,Greg Filbeck,Tom Barkley Pdf

Working capital refers to the money that a company uses to finance its daily operations. Proper management of working capital is critical to financial health and operational success. Working capital management (WCM) aims to maximize operational efficiency by maintaining a delicate balance among growth, profitability, and liquidity. WCM is a continuous responsibility focusing on a firm's day-to-day operations involving short-term assets and liabilities. By efficiently managing a firm's cash, accounts receivable, inventories, and accounts payable, managers can help maintain smooth operations and improve a company's earnings and profitability. By contrast, poor WCM could lead to a lower credit score, financial insolvency, legal troubles, liquidation of assets, and potential bankruptcy.This book provides an objective look into the dynamic world of WCM. Its coverage extends from discussing basic concepts and their applications to increasingly complex and real-world situations. The book stresses that WCM is a combination of both art and science. This volume spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. Readers can gain an in-depth understanding of this subject from experts in this field. Those who want a broad survey will benefit, as will readers looking for more in-depth presentations of specific areas within this field of study. In summary, Working Capital Management: Concepts and Strategies provides a fresh look at this intriguing but often complex subject of WCM.

Author : Suresh Goel
Publisher : Global India Publications
Page : 314 pages
File Size : 52,5 Mb
Release : 2009-12
Category : Business & Economics
ISBN : 9380228007

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Wealth Management by Suresh Goel Pdf

Wealth Management is one of the most important aspects in every individual's especially in the blcal financial atmosphere surrounding the worldover. This book is written in keeping this thing in mind. This book is intended for all those in a broad range of categories, from those with inherited wealth or pension pots, high income earners in financial services and captains of industry to leading lights of the enterainment and media induistries, fashion and sport or windfall winners from lotteries and TV quiz games. Their common ground is a desire to invest wisely for the future at least some part of the wealth that they have gained or are continuing to amass. This book will be very useful for individuals to manage their wealth.

Author : Eileen Appelbaum,Rosemary Batt
Publisher : Russell Sage Foundation
Page : 395 pages
File Size : 43,8 Mb
Release : 2014-03-31
Category : Business & Economics
ISBN : 9781610448185

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Private Equity at Work by Eileen Appelbaum,Rosemary Batt Pdf

Private equity firms have long been at the center of public debates on the impact of the financial sector on Main Street companies. Are these firms financial innovators that save failing businesses or financial predators that bankrupt otherwise healthy companies and destroy jobs? The first comprehensive examination of this topic, Private Equity at Work provides a detailed yet accessible guide to this controversial business model. Economist Eileen Appelbaum and Professor Rosemary Batt carefully evaluate the evidence—including original case studies and interviews, legal documents, bankruptcy proceedings, media coverage, and existing academic scholarship—to demonstrate the effects of private equity on American businesses and workers. They document that while private equity firms have had positive effects on the operations and growth of small and mid-sized companies and in turning around failing companies, the interventions of private equity more often than not lead to significant negative consequences for many businesses and workers. Prior research on private equity has focused almost exclusively on the financial performance of private equity funds and the returns to their investors. Private Equity at Work provides a new roadmap to the largely hidden internal operations of these firms, showing how their business strategies disproportionately benefit the partners in private equity firms at the expense of other stakeholders and taxpayers. In the 1980s, leveraged buyouts by private equity firms saw high returns and were widely considered the solution to corporate wastefulness and mismanagement. And since 2000, nearly 11,500 companies—representing almost 8 million employees—have been purchased by private equity firms. As their role in the economy has increased, they have come under fire from labor unions and community advocates who argue that the proliferation of leveraged buyouts destroys jobs, causes wages to stagnate, saddles otherwise healthy companies with debt, and leads to subsidies from taxpayers. Appelbaum and Batt show that private equity firms’ financial strategies are designed to extract maximum value from the companies they buy and sell, often to the detriment of those companies and their employees and suppliers. Their risky decisions include buying companies and extracting dividends by loading them with high levels of debt and selling assets. These actions often lead to financial distress and a disproportionate focus on cost-cutting, outsourcing, and wage and benefit losses for workers, especially if they are unionized. Because the law views private equity firms as investors rather than employers, private equity owners are not held accountable for their actions in ways that public corporations are. And their actions are not transparent because private equity owned companies are not regulated by the Securities and Exchange Commission. Thus, any debts or costs of bankruptcy incurred fall on businesses owned by private equity and their workers, not the private equity firms that govern them. For employees this often means loss of jobs, health and pension benefits, and retirement income. Appelbaum and Batt conclude with a set of policy recommendations intended to curb the negative effects of private equity while preserving its constructive role in the economy. These include policies to improve transparency and accountability, as well as changes that would reduce the excessive use of financial engineering strategies by firms. A groundbreaking analysis of a hotly contested business model, Private Equity at Work provides an unprecedented analysis of the little-understood inner workings of private equity and of the effects of leveraged buyouts on American companies and workers. This important new work will be a valuable resource for scholars, policymakers, and the informed public alike.

Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 540 pages
File Size : 49,6 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226241104

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Economic and Financial Crises in Emerging Market Economies by Martin Feldstein Pdf

In the late 1990s, economic and financial crises raged through East Asia, devastating economies that had previously been considered among the strongest in the developing world. The crises eventually spread to Russia, Turkey, and Latin America, and impacted the economies of many industrialized nations as well. In today's increasingly interdependent world, finding ways to reduce the risk of future crises—and to improve the management of crises when they occur—has become an international policy challenge of paramount importance. This book rises to that challenge, presenting accessible papers and commentaries on the topic not only from leading academic economists, but also from high-ranking government officials (in both industrial and developing nations), senior policymakers at international institutions, and major financial investors. Six non-technical papers, each written by a specialist in the topic, provide essential economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind the scenes during the crises, giving us a rare glimpse into how international economic policy decisions are actually made. Finally, wide-ranging discussions and debates sparked by these papers and statements are summarized at the end of each section. The result is an indispensable overview of the key issues at work in these crises, written by the people who move markets and reshape economies, and accessible to not just economists and policymakers, but also to educated general readers. Contributors: Montek S. Ahluwalia, Domingo F. Cavallo, William R. Cline, Andrew Crockett, Michael P. Dooley, Sebastian Edwards, Stanley Fischer, Arminio Fraga, Jeffrey Frankel, Jacob Frenkel, Timothy F. Geithner, Morris Goldstein, Paul Keating, Mervyn King, Anne O. Krueger, Roberto Mendoza, Frederic S. Mishkin, Guillermo Ortiz, Yung Chul Park, Nouriel Roubini, Robert Rubin, Jeffrey Sachs, Ammar Siamwalla, George Soros