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Rescuing Business: Reorganizing Bankrupt Firms as Organizational Process
Ist Teil von
Korea journal of population and development, 2005-06, Vol.34 (1), p.49-73
Erscheinungsjahr
2005
Link zum Volltext
Quelle
Worldwide Political Science Abstracts
Beschreibungen/Notizen
In the present paper, I examined the processes of corporate bankruptcy proceedings of the listed companies on the Korea Stock Exchange. I collected a comprehensive list of all listed companies that went bankrupt since 1990. The main findings are as follows: first, the economic crisis resulted in a number of large firms going bankrupt; second, the duration varies substantially across the firms that survived; and finally, a set of organizational characteristics such as sales, assets, firm age at the time of bankruptcy, and, most importantly, when a firm filed for bankruptcy influenced the duration of bankruptcy proceedings. These findings illustrate the impacts of key organizational factors and institutional environments on the organizational processes of post-bankruptcy proceedings toward going back to business. Adapted from the source document.