Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Accounting (2)
- American Politics (1)
- Bankruptcy Law (1)
- Business Law, Public Responsibility, and Ethics (1)
- Business Organizations Law (1)
-
- Corporate Finance (1)
- Economic Policy (1)
- Economics (1)
- Finance and Financial Management (1)
- Law (1)
- Law and Economics (1)
- Political Economy (1)
- Political Science (1)
- Public Affairs (1)
- Public Affairs, Public Policy and Public Administration (1)
- Public Economics (1)
- Social Welfare (1)
- Social and Behavioral Sciences (1)
- Publication
- Publication Type
Articles 1 - 3 of 3
Full-Text Articles in Business
An Exploratory Study Of The Company Reorganisation Decision In Voluntary Administration, James Routledge, David Gadenne
An Exploratory Study Of The Company Reorganisation Decision In Voluntary Administration, James Routledge, David Gadenne
James Routledge
A primary purpose of the voluntary administration legislation is to provide a flexible procedure by which a company can attempt to reorganise its affairs and continue trading. Informed decision-making regarding which companies should attempt reorganisation is critical to the efficient operation of company rescue legislation. This paper explores decision-making associated with the voluntary administration process, with a focus on the relevance of financial information to the reorganisation decision. Statistical models are developed to provide some insight into the reorganisation decision and the problem of identifying suitable (successful) reorganisation candidates from a pool of distressed companies. Additionally, insolvency experts’ decisions regarding …
The Decision To Enter Voluntary Administration: Timely Strategy Or Last Resort?, James Routledge
The Decision To Enter Voluntary Administration: Timely Strategy Or Last Resort?, James Routledge
James Routledge
One of the options available to directors of financially distressed companies is to place their company into voluntary administration (VA). The decision to enter VA should enhance corporate governance because it allows for informed decision-making about a company's future, and ensures that administration of a company's affairs proceeds in an orderly manner. Once in VA, a company has a short 'breathing space' during which it can develop a strategy to address its insolvency. The strategic options available will be significantly affected by past performance and current financial position. If the company's position has deteriorated significantly, the VA process will merely …
Bankruptcy Or Bailouts?, Kenneth M. Ayotte, David A. Skeel Jr.
Bankruptcy Or Bailouts?, Kenneth M. Ayotte, David A. Skeel Jr.
All Faculty Scholarship
The usual reaction if one mentions bankruptcy as a mechanism for addressing a financial institution’s default is incredulity. Those who favor the rescue of troubled financial institutions, and even those who prefer that their assets be promptly sold to a healthier institution, treat bankruptcy as anathema. Everyone seems to agree that nothing good can come from bankruptcy. Indeed, the Chapter 11 filing by Lehman Brothers has been singled out by many the primary cause of the severe economic and financial contraction that followed, and proof that bankruptcy is disorderly and ineffective. As a result, ad-hoc rescue lending to avoid bankruptcy …