Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms.

Law School

Research output: Contribution to Journal/Magazine › Journal article

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Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms. / Pandit, N. R.; Cook, G. A. S.; Milman, David et al.
In: Journal of Small Business and Enterprise Development, Vol. 7, No. 3, 2000, p. 241-254.

Research output: Contribution to Journal/Magazine › Journal article

Harvard

Pandit, NR, Cook, GAS, Milman, D & Chittenden, FC 2000, 'Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms.', Journal of Small Business and Enterprise Development, vol. 7, no. 3, pp. 241-254. https://doi.org/10.1108/EUM0000000006846

APA

Pandit, N. R., Cook, G. A. S., Milman, D., & Chittenden, F. C. (2000). Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms. Journal of Small Business and Enterprise Development, 7(3), 241-254. https://doi.org/10.1108/EUM0000000006846

Vancouver

Pandit NR, Cook GAS, Milman D, Chittenden FC. Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms. Journal of Small Business and Enterprise Development. 2000;7(3):241-254. doi: 10.1108/EUM0000000006846

Author

Pandit, N. R. ; Cook, G. A. S. ; Milman, David et al. / Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms. In: Journal of Small Business and Enterprise Development. 2000 ; Vol. 7, No. 3. pp. 241-254.

Bibtex

@article{d36ff25a20224d3d96b9de94963455fb,

title = "Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms.",

abstract = "This paper focuses on the British company voluntary arrangement (CVA) which is a relatively new debtor rehabilitation process particularly intended to help financially troubled small firms resolve their difficulties. Based on a survey that is the largest and most comprehensive on the subject of British CVAs, this paper has three principal objectives: (i) to outline the characteristics of CVAs; (ii) to examine the relationships between CVA success and context; and (iii) to provide managerial and policy recommendations based on these findings. Among other things, the study finds that the overwhelming majority of CVAs are employed by small firms and that they can be particularly successful as a means of recovery when the economic fundamentals of the business are sound, regardless of the line of activity of the firm. Higher levels of success might be achieved, however, if the fixed costs of CVAs were subsidised in the case of very small firms and if more time were allowed during the process.",

keywords = "Business failure, Insolvency, Law, Small- to medium-sized enterprises",

author = "Pandit, {N. R.} and Cook, {G. A. S.} and David Milman and Chittenden, {F. C.}",

year = "2000",

doi = "10.1108/EUM0000000006846",

language = "English",

volume = "7",

pages = "241--254",

journal = "Journal of Small Business and Enterprise Development",

issn = "1462-6004",

publisher = "Emerald Group Publishing Ltd",

number = "3",

}

RIS

TY - JOUR

T1 - Corporate Rescue: Empirical Evicence on Company Voluntary Arrangements and Small Firms.

AU - Pandit, N. R.

AU - Cook, G. A. S.

AU - Milman, David

AU - Chittenden, F. C.

PY - 2000

Y1 - 2000

N2 - This paper focuses on the British company voluntary arrangement (CVA) which is a relatively new debtor rehabilitation process particularly intended to help financially troubled small firms resolve their difficulties. Based on a survey that is the largest and most comprehensive on the subject of British CVAs, this paper has three principal objectives: (i) to outline the characteristics of CVAs; (ii) to examine the relationships between CVA success and context; and (iii) to provide managerial and policy recommendations based on these findings. Among other things, the study finds that the overwhelming majority of CVAs are employed by small firms and that they can be particularly successful as a means of recovery when the economic fundamentals of the business are sound, regardless of the line of activity of the firm. Higher levels of success might be achieved, however, if the fixed costs of CVAs were subsidised in the case of very small firms and if more time were allowed during the process.

AB - This paper focuses on the British company voluntary arrangement (CVA) which is a relatively new debtor rehabilitation process particularly intended to help financially troubled small firms resolve their difficulties. Based on a survey that is the largest and most comprehensive on the subject of British CVAs, this paper has three principal objectives: (i) to outline the characteristics of CVAs; (ii) to examine the relationships between CVA success and context; and (iii) to provide managerial and policy recommendations based on these findings. Among other things, the study finds that the overwhelming majority of CVAs are employed by small firms and that they can be particularly successful as a means of recovery when the economic fundamentals of the business are sound, regardless of the line of activity of the firm. Higher levels of success might be achieved, however, if the fixed costs of CVAs were subsidised in the case of very small firms and if more time were allowed during the process.

KW - Business failure

KW - Insolvency

KW - Law

KW - Small- to medium-sized enterprises

U2 - 10.1108/EUM0000000006846

DO - 10.1108/EUM0000000006846

M3 - Journal article

VL - 7

SP - 241

EP - 254

JO - Journal of Small Business and Enterprise Development

JF - Journal of Small Business and Enterprise Development

SN - 1462-6004

IS - 3

ER -

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