haku: @author Wruck, K. H. / yhteensä: 6
viite: 4 / 6
| Tekijä: | Wruck, K. H. |
| Otsikko: | Financial distress, reorganization, and organizational efficiency |
| Lehti: | Journal of Financial Economics
1990 : OCT, VOL. 27:2, p. 419-444 |
| Asiasana: | FINANCIAL PERFORMANCE ORGANIZATIONAL EFFECTIVENESS |
| Kieli: | eng |
| Tiivistelmä: | Financial distress and its effect on organizational efficiency are examined. Imperfect information and conflicts of interest among the firm's claimholders influence the outcome of financial distress. Methods for resolving distress and controlling conflicts of interest are discussed. New evidence on financial restructuring and distress costs is presented along with evidence on the organizational restructuring that accompanies financial distress. The evidence demonstrates that financial distress has benefits as well as costs, and that financial and ownership structure affect the net costs. |
SCIMA