A resource-based analysis of bankruptcy law, SMEs and corporate recovery

Law School

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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A resource-based analysis of bankruptcy law, SMEs and corporate recovery. / Cook, Gary A. S.; Pandit, Naresh R.; Milman, David.
In: International Small Business Journal, Vol. 30, No. 3, 05.2012, p. 275-293.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Cook, GAS, Pandit, NR & Milman, D 2012, 'A resource-based analysis of bankruptcy law, SMEs and corporate recovery', International Small Business Journal, vol. 30, no. 3, pp. 275-293. https://doi.org/10.1177/0266242611407409

APA

Cook, G. A. S., Pandit, N. R., & Milman, D. (2012). A resource-based analysis of bankruptcy law, SMEs and corporate recovery. International Small Business Journal, 30(3), 275-293. https://doi.org/10.1177/0266242611407409

Vancouver

Cook GAS, Pandit NR, Milman D. A resource-based analysis of bankruptcy law, SMEs and corporate recovery. International Small Business Journal. 2012 May;30(3):275-293. doi: 10.1177/0266242611407409

Author

Cook, Gary A. S. ; Pandit, Naresh R. ; Milman, David. / A resource-based analysis of bankruptcy law, SMEs and corporate recovery. In: International Small Business Journal. 2012 ; Vol. 30, No. 3. pp. 275-293.

Bibtex

@article{c18299a399984e89ad461655a09788e6,

title = "A resource-based analysis of bankruptcy law, SMEs and corporate recovery",

abstract = "The UK Company Voluntary Arrangement (CVA) is an early example of a bankruptcy regime designed to aid the rescue of financially distressed SMEs. Its efficacy hinges on its application to aid only viable companies with liquidation as the preferred option for companies that are not viable. This article proposes the resource-based view as a theoretical means to assess the viability of bankrupt SMEs. Seven hypotheses are tested and provide support for the central proposition, that a company which has resource strength, but is pushed into bankruptcy by temporary factors, is more likely to succeed in a CVA. The article concludes that the resource-based view is useful for analysing the viability of bankrupt companies and that well-designed bankruptcy law can promote SMEs and entrepreneurship.",

keywords = "bankruptcy law, entrepreneurship, insolvency law, rehabilitation, SMEs, turnaround",

author = "Cook, {Gary A. S.} and Pandit, {Naresh R.} and David Milman",

year = "2012",

month = may,

doi = "10.1177/0266242611407409",

language = "English",

volume = "30",

pages = "275--293",

journal = "International Small Business Journal",

issn = "0266-2426",

publisher = "SAGE Publications Ltd",

number = "3",

}

RIS

TY - JOUR

T1 - A resource-based analysis of bankruptcy law, SMEs and corporate recovery

AU - Cook, Gary A. S.

AU - Pandit, Naresh R.

AU - Milman, David

PY - 2012/5

Y1 - 2012/5

N2 - The UK Company Voluntary Arrangement (CVA) is an early example of a bankruptcy regime designed to aid the rescue of financially distressed SMEs. Its efficacy hinges on its application to aid only viable companies with liquidation as the preferred option for companies that are not viable. This article proposes the resource-based view as a theoretical means to assess the viability of bankrupt SMEs. Seven hypotheses are tested and provide support for the central proposition, that a company which has resource strength, but is pushed into bankruptcy by temporary factors, is more likely to succeed in a CVA. The article concludes that the resource-based view is useful for analysing the viability of bankrupt companies and that well-designed bankruptcy law can promote SMEs and entrepreneurship.

AB - The UK Company Voluntary Arrangement (CVA) is an early example of a bankruptcy regime designed to aid the rescue of financially distressed SMEs. Its efficacy hinges on its application to aid only viable companies with liquidation as the preferred option for companies that are not viable. This article proposes the resource-based view as a theoretical means to assess the viability of bankrupt SMEs. Seven hypotheses are tested and provide support for the central proposition, that a company which has resource strength, but is pushed into bankruptcy by temporary factors, is more likely to succeed in a CVA. The article concludes that the resource-based view is useful for analysing the viability of bankrupt companies and that well-designed bankruptcy law can promote SMEs and entrepreneurship.

KW - bankruptcy law

KW - entrepreneurship

KW - insolvency law

KW - rehabilitation

KW - SMEs

KW - turnaround

U2 - 10.1177/0266242611407409

DO - 10.1177/0266242611407409

M3 - Journal article

VL - 30

SP - 275

EP - 293

JO - International Small Business Journal

JF - International Small Business Journal

SN - 0266-2426

IS - 3

ER -

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