The Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisis

Simple item page
dc.contributor.advisorGeorg, Co-Pierreen_ZA
dc.contributor.authorMatlaila, Mamoekengen_ZA
dc.date.accessioned2018-11-02T09:31:30Z
dc.date.available2018-11-02T09:31:30Z
dc.date.issued2015en_ZA
dc.description.abstractThe recent global financial crisis which began in the United States of America in 2007, spread to almost all economies in the world and evolved into a world economic downturn. Governments around the world introduced different rescue interventions to avoid the collapse of the financial and banking system and to stimulate economic growth. In addition to large scale economic stimulus packages, other forms of Government interventions were introduced in direct support of non-financial firms including Small and Medium Sized Enterprises (SMEs). These Government interventions have attracted little empirical attention with recent studies pointing out to the need for more evaluation of the impact of direct support interventions. This study attempts to contribute to the literature which focuses on the impact of interventions introduced by governments in developing countries, to resolve market failure in non-financial corporate companies as well as SMEs. This study is focused on assessing the effectiveness of the IDC distressed funding scheme in rescuing distressed companies in South Africa following the recent global financial crisis. We investigate the effects of the scheme on the financial performance of beneficiary companies. Our results show that overall the funding had a positive impact on beneficiary companies. The impact was greatest on the solvency, capital structure and leverage of the awarded companies. The funding was most effective in the first year following the injection of the capital into the business. The profitability and liquidity of the beneficiary company did not change significantly following accessing of the funding.en_ZA
dc.identifier.apacitationMatlaila, M. (2015). <i>The Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisis</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/28978en_ZA
dc.identifier.chicagocitationMatlaila, Mamoekeng. <i>"The Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisis."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2015. http://hdl.handle.net/11427/28978en_ZA
dc.identifier.citationMatlaila, M. 2015. The Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisis. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Matlaila, Mamoekeng AB - The recent global financial crisis which began in the United States of America in 2007, spread to almost all economies in the world and evolved into a world economic downturn. Governments around the world introduced different rescue interventions to avoid the collapse of the financial and banking system and to stimulate economic growth. In addition to large scale economic stimulus packages, other forms of Government interventions were introduced in direct support of non-financial firms including Small and Medium Sized Enterprises (SMEs). These Government interventions have attracted little empirical attention with recent studies pointing out to the need for more evaluation of the impact of direct support interventions. This study attempts to contribute to the literature which focuses on the impact of interventions introduced by governments in developing countries, to resolve market failure in non-financial corporate companies as well as SMEs. This study is focused on assessing the effectiveness of the IDC distressed funding scheme in rescuing distressed companies in South Africa following the recent global financial crisis. We investigate the effects of the scheme on the financial performance of beneficiary companies. Our results show that overall the funding had a positive impact on beneficiary companies. The impact was greatest on the solvency, capital structure and leverage of the awarded companies. The funding was most effective in the first year following the injection of the capital into the business. The profitability and liquidity of the beneficiary company did not change significantly following accessing of the funding. DA - 2015 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - The Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisis TI - The Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisis UR - http://hdl.handle.net/11427/28978 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/28978
dc.identifier.vancouvercitationMatlaila M. The Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisis. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2015 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/28978en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleThe Industrial Development Corporation's Distressed Funding: Effectiveness in rescuing distressed companies following the global financial crisisen_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
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2015_matlaila_mamoekeng.pdf
Size:
1.47 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Masters