The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange

dc.contributor.advisorUliana, Enricoen_ZA
dc.contributor.authorKarani, Pascalen_ZA
dc.date.accessioned2014-11-11T20:19:54Z
dc.date.available2014-11-11T20:19:54Z
dc.date.issued1998en_ZA
dc.descriptionIncludes bibliography.en_ZA
dc.description.abstractThe 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.en_ZA
dc.identifier.apacitationKarani, P. (1998). <i>The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/9587en_ZA
dc.identifier.chicagocitationKarani, Pascal. <i>"The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 1998. http://hdl.handle.net/11427/9587en_ZA
dc.identifier.citationKarani, P. 1998. The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Karani, Pascal AB - 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. DA - 1998 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1998 T1 - The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange TI - The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange UR - http://hdl.handle.net/11427/9587 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/9587
dc.identifier.vancouvercitationKarani P. The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 1998 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/9587en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.titleThe characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchangeen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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