Managing Distressed Companies : Adapting to a New Legal Culture.

Law School

Research output: Contribution to Journal/Magazine › Journal article

Published

Standard

Managing Distressed Companies : Adapting to a New Legal Culture. / Milman, David; Cook, Gary.
In: Managerial Finance, Vol. 28, No. 6, 2002, p. 34-45.

Research output: Contribution to Journal/Magazine › Journal article

Harvard

Milman, D & Cook, G 2002, 'Managing Distressed Companies : Adapting to a New Legal Culture.', Managerial Finance, vol. 28, no. 6, pp. 34-45. https://doi.org/10.1108/03074350210767906

APA

Milman, D., & Cook, G. (2002). Managing Distressed Companies : Adapting to a New Legal Culture. Managerial Finance, 28(6), 34-45. https://doi.org/10.1108/03074350210767906

Vancouver

Milman D, Cook G. Managing Distressed Companies : Adapting to a New Legal Culture. Managerial Finance. 2002;28(6):34-45. doi: 10.1108/03074350210767906

Author

Milman, David ; Cook, Gary. / Managing Distressed Companies : Adapting to a New Legal Culture. In: Managerial Finance. 2002 ; Vol. 28, No. 6. pp. 34-45.

Bibtex

@article{67d5c3cfe8aa4460aa4ecd9aa91e4bf4,

title = "Managing Distressed Companies : Adapting to a New Legal Culture.",

abstract = "Outlines UK law and practice relating to the responsibilities of directors of insolvent companies with particular reference to small firms: and explains the changes introduced by the 1985 and 1986 Insolvency Acts and the Company Directors Disqualification Act 1986. Considers the practical effects of the new law, referring to relevant cases; and stresses the psychological barriers which directors erect against facing the risk of failure and taking action to avoid it. Notes that the Insolvency Act 2000 allows directors to be disqualified without the need for costly court proceedings and makes practical suggestions on how they can protect themselves. Describes four stages of organizational crisis from denial to collapse, pointing out how managerial decision making becomes impaired in this situation and referring to relevant research. Calls for further research to “inform future legislation”.",

keywords = "Directors, Insolvency, Legal matters, Psychology, United Kingdom",

author = "David Milman and Gary Cook",

note = "Issue entitled: {"}Current Issues in U.K. Insolvency{"}, edited by Keith Pond",

year = "2002",

doi = "10.1108/03074350210767906",

language = "English",

volume = "28",

pages = "34--45",

journal = "Managerial Finance",

issn = "0307-4358",

publisher = "Emerald Group Publishing Ltd.",

number = "6",

}

RIS

TY - JOUR

T1 - Managing Distressed Companies : Adapting to a New Legal Culture.

AU - Milman, David

AU - Cook, Gary

N1 - Issue entitled: "Current Issues in U.K. Insolvency", edited by Keith Pond

PY - 2002

Y1 - 2002

N2 - Outlines UK law and practice relating to the responsibilities of directors of insolvent companies with particular reference to small firms: and explains the changes introduced by the 1985 and 1986 Insolvency Acts and the Company Directors Disqualification Act 1986. Considers the practical effects of the new law, referring to relevant cases; and stresses the psychological barriers which directors erect against facing the risk of failure and taking action to avoid it. Notes that the Insolvency Act 2000 allows directors to be disqualified without the need for costly court proceedings and makes practical suggestions on how they can protect themselves. Describes four stages of organizational crisis from denial to collapse, pointing out how managerial decision making becomes impaired in this situation and referring to relevant research. Calls for further research to “inform future legislation”.

AB - Outlines UK law and practice relating to the responsibilities of directors of insolvent companies with particular reference to small firms: and explains the changes introduced by the 1985 and 1986 Insolvency Acts and the Company Directors Disqualification Act 1986. Considers the practical effects of the new law, referring to relevant cases; and stresses the psychological barriers which directors erect against facing the risk of failure and taking action to avoid it. Notes that the Insolvency Act 2000 allows directors to be disqualified without the need for costly court proceedings and makes practical suggestions on how they can protect themselves. Describes four stages of organizational crisis from denial to collapse, pointing out how managerial decision making becomes impaired in this situation and referring to relevant research. Calls for further research to “inform future legislation”.

KW - Directors

KW - Insolvency

KW - Legal matters

KW - Psychology

KW - United Kingdom

U2 - 10.1108/03074350210767906

DO - 10.1108/03074350210767906

M3 - Journal article

VL - 28

SP - 34

EP - 45

JO - Managerial Finance

JF - Managerial Finance

SN - 0307-4358

IS - 6

ER -

Research

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