The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange
dc.contributor.advisor | Uliana, Enrico | en_ZA |
dc.contributor.author | Karani, Pascal | en_ZA |
dc.date.accessioned | 2014-11-11T20:19:54Z | |
dc.date.available | 2014-11-11T20:19:54Z | |
dc.date.issued | 1998 | en_ZA |
dc.description | Includes bibliography. | en_ZA |
dc.description.abstract | 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. | en_ZA |
dc.identifier.apacitation | Karani, 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/11427/9587 | en_ZA |
dc.identifier.chicagocitation | Karani, 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/11427/9587 | en_ZA |
dc.identifier.citation | Karani, 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.uri | http://hdl.handle.net/11427/9587 | |
dc.identifier.vancouvercitation | Karani 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/11427/9587 | en_ZA |
dc.language.iso | eng | en_ZA |
dc.publisher.department | Department of Finance and Tax | en_ZA |
dc.publisher.faculty | Faculty of Commerce | en_ZA |
dc.publisher.institution | University of Cape Town | |
dc.subject.other | Financial Management | en_ZA |
dc.title | The characteristics of successful and unsuccessful resolution of corporate failure on the Johannesburg Stock Exchange | en_ZA |
dc.type | Master Thesis | |
dc.type.qualificationlevel | Masters | |
dc.type.qualificationname | MCom | en_ZA |
uct.type.filetype | Text | |
uct.type.filetype | Image | |
uct.type.publication | Research | en_ZA |
uct.type.resource | Thesis | en_ZA |
Files
Original bundle
1 - 1 of 1
Loading...
- Name:
- thesis_com_1998_karani_p (1).pdf
- Size:
- 4.99 MB
- Format:
- Adobe Portable Document Format
- Description: