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The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange
Includes bibliography.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2014
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| _version_ | 1867611345581506560 |
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| access_status_str | Open Access |
| author | Karani, Pascal |
| author2 | Uliana, Enrico |
| author_browse | Karani, Pascal Uliana, Enrico |
| author_facet | Uliana, Enrico Karani, Pascal |
| author_sort | Karani, Pascal |
| collection | Thesis |
| description | Includes bibliography. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/9587 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/9587 The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange Karani, Pascal Uliana, Enrico Financial Management Includes bibliography. The study analyses the incentives and mechanisms of failing firms on the Johannesburg Stock Exchange that restructure their claims following a decline in performance and value. The study also analyses patterns for restructuring of failing firms. The sample contains firms that were delisted between 1986 and 1996. Firms that were delisted and re-instated number 28 and constitute the sample for firms that restructured successfully their claims. Firms that were delisted on the JSE following an unsuccessful debt restructuring number 32 and constitute the sample for unsuccessful firms. The study finds that firms that restructured successfully on the JSE have more intangible assets, less bank debt and few creditors. This finding means that South African corporate restructuring activities relies more on assets characteristics rather than financial characteristics. 2014-11-11T20:19:54Z 2014-11-11T20:19:54Z 1998 Master Thesis Masters MCom http://hdl.handle.net/11427/9587 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Karani, Pascal The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange |
| thesis_degree_str | Master's |
| title | The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange |
| title_full | The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange |
| title_fullStr | The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange |
| title_full_unstemmed | The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange |
| title_short | The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange |
| title_sort | characteristics of successful and unsuccessful resolution of corporate failure on the johannesburg stock exchange |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/9587 |
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