Financial Distress Corporate Restructuring And Firm Survival

Author : Philipp Jostarndt
Publisher : Springer Science & Business Media
Page : 201 pages
File Size : 51,7 Mb
Release : 2007-11-17
Category : Business & Economics
ISBN : 9783835094376

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Financial Distress, Corporate Restructuring and Firm Survival by Philipp Jostarndt Pdf

Philipp Jostarndt studies distress-induced changes in ownership and control, success factors in distressed equity infusions, and firms’ choice between in- and out-of-court debt restructurings. In addition, he analyzes the determinants of survival, acquisition, and bankruptcy as alternative paths to exit financial distress. He includes both the firm perspective as well as the market valuations of the undertaken restructurings and, where applicable, relates the findings to the microstructure of Germany’s revised bankruptcy legislation.

Author : Edward I. Altman,Edith Hotchkiss,Wei Wang
Publisher : John Wiley & Sons
Page : 374 pages
File Size : 41,6 Mb
Release : 2019-03-26
Category : Business & Economics
ISBN : 9781119481805

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Corporate Financial Distress, Restructuring, and Bankruptcy by Edward I. Altman,Edith Hotchkiss,Wei Wang Pdf

A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

Author : Martin Schmuck
Publisher : Springer Science & Business Media
Page : 166 pages
File Size : 48,7 Mb
Release : 2013-11-18
Category : Business & Economics
ISBN : 9783658019082

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Financial Distress and Corporate Turnaround by Martin Schmuck Pdf

​The work of Martin Schmuck empirically investigates the phenomenon of financial distress and corporate turnaround in the automotive supplier industry. Based on a sample of 194 publicly listed automotive suppliers, the effectiveness of managerial, operational, financial, and asset restructuring activities is analyzed in a multivariate research setting. Archetypes for successful turnarounds are identified and matched with strategies of non-distressed companies.

Author : Thomas Wittig
Publisher : Springer
Page : 403 pages
File Size : 55,7 Mb
Release : 2016-11-08
Category : Business & Economics
ISBN : 9783658163860

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Crisis and Turnaround in German Medium-Sized Enterprises by Thomas Wittig Pdf

Thomas Wittig aims at gaining additional insights into the crisis and turnaround process of SMEs, investigating both, the turnaround success and the impact of turnaround on the family role in family firms. Based on a specifically developed integrated conceptual turnaround model, the author collected a sample of 209 turnaround cases of German medium-sized companies from restructuring experts working for German banks. Employing a variety of carefully selected statistical analyses he identifies key factors for turnaround success and finds specific archetypes of crises and turnaround. The study concludes with an analysis of the impact of a successful turnaround on the family firms within his sample. Based on the study’s insights he provides both, recommendations for future research and a set of practical implications for all relevant stakeholders of a turnaround situation.

Author : Alberto Tron
Publisher : Emerald Group Publishing
Page : 129 pages
File Size : 55,8 Mb
Release : 2021-01-21
Category : Business & Economics
ISBN : 9781839829826

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Corporate Financial Distress by Alberto Tron Pdf

Financial distress and crises for businesses can be used to implement substantial organizational changes and turnaround the damage done to achieve financial equilibrium in the short term and financial stability in the long term. Plans, methodology and tools are provided here to examine how this turnaround can be achieved.

Author : Edward I. Altman,Edith Hotchkiss
Publisher : John Wiley & Sons
Page : 439 pages
File Size : 53,8 Mb
Release : 2010-03-11
Category : Business & Economics
ISBN : 9781118046043

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Corporate Financial Distress and Bankruptcy by Edward I. Altman,Edith Hotchkiss Pdf

A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more.

Author : Cynthia Obiri
Publisher : Lulu.com
Page : 81 pages
File Size : 43,8 Mb
Release : 2024-04-20
Category : Electronic
ISBN : 9781291278309

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A state of Distress and The Consequent Restructure – The Evidence Underwater (Eurotunnel) by Cynthia Obiri Pdf

Author : Fiorenza Belussi,Jose-Luis Hervas-Oliver
Publisher : Springer
Page : 324 pages
File Size : 49,9 Mb
Release : 2018-08-10
Category : Business & Economics
ISBN : 9783319905754

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Agglomeration and Firm Performance by Fiorenza Belussi,Jose-Luis Hervas-Oliver Pdf

This contributed volume studies and explains the effect of agglomeration on a firm’s innovation and performance. It presents new cases as well as new topics within the agglomeration phenomenon, exploring also their role under the Great Recession. Beyond the analysis of regions or clusters, this volume focuses on firms within agglomerations and captures this phenomenon from different perspectives, contexts and diverse literatures. Specifically, it looks at the question under what circumstances exert generate benefits on firms’ performance, and how those gains are generated and distributed, usually asymmetrically, across agglomerated firms. In this context, the book addresses topics such as networks, collocation, labor mobility, firm’s strategies, innovation, competitiveness and collective actions across a diverse set of literatures, including economic geography, business economics, management, social networks, industrial districts, international business, sociology or industry dynamics.

Author : Carolin Decker
Publisher : Springer Science & Business Media
Page : 181 pages
File Size : 55,7 Mb
Release : 2008-08-28
Category : Business & Economics
ISBN : 9783834997593

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Legitimacy Needs as Drivers of Business Exit by Carolin Decker Pdf

Carolin Decker develops and empirically applies a framework in which business exits serve the purpose of re-establishing a firm’s previously harmed legitimacy. Her findings support the idea that legitimacy needs drive the likelihood of fit-enhancing business exits in divesting firms.

Author : Bo Xie
Publisher : Edward Elgar Publishing
Page : 328 pages
File Size : 46,5 Mb
Release : 2016-11-25
Category : Law
ISBN : 9781781007389

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Comparative Insolvency Law by Bo Xie Pdf

Comparative Insolvency Law argues that the most important development in contemporary insolvency law and practice is the shift towards a rescue culture rather than full creditor satisfaction. This book is the first to specifically examine the rise of the pre-pack approach, which permits debtor companies to formulate a clear pre-arranged exit before entering into formal insolvency proceedings.

Author : Yipeng Liu
Publisher : Edward Elgar Publishing
Page : 488 pages
File Size : 43,9 Mb
Release : 2019
Category : Business & Economics
ISBN : 9781786437105

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Research Handbook of International Talent Management by Yipeng Liu Pdf

International talent management has become a critically important topic for scholarly discussion, in policy debates, and among the business community. Despite this, however, research into talent management tends to lack theoretical underpinnings, especially from an international, multidisciplinary, and comparative perspective. This Research Handbook fills this gap, bringing together a range of leading researchers, scholars, and thinkers to debate and advance the conceptualization and understanding of this multifaceted subject.

Author : Pierre-Olivier Gourinchas,Ṣebnem Kalemli-Özcan,Veronika Penciakova,Nick Sander
Publisher : Unknown
Page : 54 pages
File Size : 48,8 Mb
Release : 2020
Category : Business enterprises
ISBN : OCLC:1198085446

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COVID-19 and SME Failures by Pierre-Olivier Gourinchas,Ṣebnem Kalemli-Özcan,Veronika Penciakova,Nick Sander Pdf

Abstract: We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after COVID-19. Our framework allows for a rich combination of sectoral and aggregate supply, productivity, and demand shocks. We estimate a large increase in the failure rate of SMEs under COVID-19 of nearly 9 percentage points, absent government support. Accommodation & Food Services, Arts, Entertainment & Recreation, Education, and Other Services are among the most affected sectors. The jobs at risk due to COVID-19 related SME business failures represent 3.1 percent of private sector employment. Despite the large impact on business failures and employment, we estimate only moderate effects on the financial sector: the share of Non Performing Loans on bank balance sheets would increase by up to 11 percentage points, representing 0.3 percent of banks' assets and resulting in a 0.75 percentage point decline in the common equity Tier-1 capital ratio. We evaluate the cost and effectiveness of various policy interventions. The fiscal cost of an intervention that narrowly targets at risk firms can be modest (0.54% of GDP). However, at a similar level of effectiveness, non-targeted subsidies can be substantially more expensive (1.82% of GDP). Our results have important implications for the severity of the COVID-19 recession, the design of policies, and the speed of the recovery

Author : SOFAT, RAJNI,HIRO, PREETI
Publisher : PHI Learning Pvt. Ltd.
Page : 456 pages
File Size : 53,6 Mb
Release : 2015-10-28
Category : Business & Economics
ISBN : 9788120351608

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STRATEGIC FINANCIAL MANAGEMENT, SECOND EDITION by SOFAT, RAJNI,HIRO, PREETI Pdf

The Second Edition of the book encompasses two new chapters—Strategic Cost Management and Business Ethics—A Strategic Financial Management Instrument. The book, being an augmented version of the previous edition, equips the young managers with the fundamentals and basics of strategic management and financial management in a cogent manner. The text now provides a better orientation to the students on the topics like corporate restructuring, divestitures, acquisitions, and mergers in the global context with the help of examples and caselets. The book has been revised keeping in view the requirements of postgraduate students of management and the students pursuing professional courses such as CA, MFC and CS. In addition, professionals working in the corporate sector may also find the book beneficial to integrate the financial management functions into business strategy and financial operations. Distinctive features • Model question papers have been appended at the end of the book. • Better justification of topics by merging the contents wherever required. • Theory supported with caselets inspired from global as well as Indian context.

Author : William A. Barnett,Bruno S. Sergi
Publisher : Emerald Group Publishing
Page : 371 pages
File Size : 51,6 Mb
Release : 2021-03-01
Category : Business & Economics
ISBN : 9781838673611

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Recent Developments in Asian Economics by William A. Barnett,Bruno S. Sergi Pdf

Recent Developments in Asian Economics is a crucial resource of current, cutting-edge research for any scholar of international finance and economics. Chapters cover a wide range of topics, such as social welfare systems, organizational culture, sustainability, the impact of economic policy uncertainty, and more.

Author : Anonim
Publisher : Emerald Group Publishing
Page : 208 pages
File Size : 44,7 Mb
Release : 2016-07-05
Category : Business & Economics
ISBN : 9781786353139

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Dead Firms by Anonim Pdf

Why do firms die? This volume explores international and cross-disciplinary perspectives, carrying out a forensic examination of 'how and why' companies die in order to understand the lessons 'dead firms' may have to offer.