search query: @indexterm liquidation / total: 59
reference: 20 / 59
Author: | Hashi, I. |
Title: | The economics of bankruptcy, reorganization, and liquidation |
Journal: | Russian and East European Finance and Trade
1997 : JUL-AUG, VOL. 33:4, p. 6-34 |
Index terms: | ECONOMICS BANKRUPTCY LIQUIDATION |
Language: | eng |
Abstract: | Entry and exit are fundamental underpinnings of the competitive process. They ensure that a sufficient number of firms remain in an industry and produce efficiency in order to satisfy the market demand at a competitive price. Moreover, entry and exit need not be in the form of firms actually appearing on, or departing from , the industry scene. They may well be in the form of an increase or a reduction in the volume of activities and the volume of resources engaged in the production process or a change in the type of activity. |
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