What are the factors affecting the judgment of corporate reorganization?
Date Issued
2008
Date
2008
Author(s)
Hong, Pei-Wen
Abstract
The procedure of reorganization allows financial distressed firms an opportunity for survival. The firm files for reorganization should qualify the Company Act. Those should be with higher capability of recovery, and then the court permit the application. As such, the court judgment is the key point to decide whether the firm is accepted to be into the reorganization process. This study aims to distinguish the factors affecting the judgment of corporate reorganization by analyzing financial and nonfinancial aspects.inally, we find out when fixed asset to total asset ratio is higher, court will tend to permit the application. When the rate of account payable to total debt is higher, court will lean to permit the application. With the debt holders’ support, court will also tend to approve the application. Court will also tend to grant the request when the firms’ financial crisis comes from wrong decisions of non-core business.
Subjects
reorganization
Type
thesis
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ntu-97-R95723016-1.pdf
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