Dead Firms : Causes and Effects of Cross-Border Corporate Insolvency.
- 1st ed.
- 1 online resource (208 pages)
- Advanced Series in Management Series ; v.15 .
- Advanced Series in Management Series .
Front Cover -- Dead Firms: Causes and Effects of Cross-Border Corporate Insolvency -- Copyright Page -- Contents -- List of Contributors -- Preface -- Reference -- Why Already Internationalised Firms Die? Causes and Effects of Cross-Border Corporate Insolvency -- References -- 1. What Kills a Reputation? A Post-Mortem Analysis of Jekyll-Hyde Business Leaders -- Reputation and Reputation Building -- Reputational Deconstruction: The Aftermath of Ponzis -- Data Analysis -- How Ponzi Organizational Leaders Build Reputations -- Ponzi Organization Collapse and Reputation Deconstruction -- Investor Devastation -- Toxic Mistrust Environment -- Reputational Ripple Effect -- Philanthropic Earthshake -- Conclusion -- References -- 2. The Peruvian Amazon Company's Death: The Jungle Devoured Them -- Introduction -- Rubber Export Boom -- La Casa Arana -- Sir Roger Casement and the British Government Investigations -- The Peruvian Amazon Company's End -- The Company's Death -- Conclusions -- References -- 3. On the Solvency of Firms: Can Government's Intervention Reduce External Financing of Firms' Working Capital in Ni... -- Introduction -- Preliminaries and Background -- Research Method -- Data and Variables -- Estimation Technique -- Empirical Results -- Descriptive Analysis -- Regression Analysis -- Sample Clustering and Wild Bootstrap Standard Errors -- Non-Parametric Regression: Further Robustness -- Conclusion and Discussions -- References -- 4. Survival and Death in the Indian Corporate Sector -- Introduction -- A Historical Perspective on the Indian Industry -- Corporate 'Innovation': Shell Companies in India -- The Construction Business and Its Useful Allies -- Inter-Company Loans -- Where Are These Firms Disappearing?: A Methodological Note -- The Companies That Merged: Rationale for Doing So -- Shutdown of Companies. Where Are Companies Disappearing: Methodological Note -- Conclusion -- References -- Appendix -- 5. Public Policy Restricting Free Flow of Capital, Exchange Rate Control and Possible Effects on Cross-Border Insolv... -- Introduction -- Cross-Border Insolvency - Latin American Legal, Institutional, and Regulatory Tendencies -- Latin America Tendencies -- Insolvency Procedural Aspects -- Argentina -- Chile -- Colombia -- Brazil -- Venezuela -- Chapter 11 and Section 304 -- Flow of Capital and Exchange Rates in Latin America -- Evolution of Flow Capital -- Policies Shaping Flow of Capital -- Evolution of Exchange Rate Control -- Policies Shaping Exchange Rates -- Relevant Cases in Latin America -- Colombia -- Bolivarian Republic of Venezuela -- Remote Origins -- CADIVI -- Most Recent Developments (2014-2015) -- Some Insight with the Topic of Cross-Border Insolvency -- Conclusions -- References -- Further Reading -- 6. El Zancudo Mining Company -- Introduction -- An Approach to the Antioquia Region -- From Colonial to Republican Times -- An Emerging Mining District -- Origins of El Zancudo -- Titiribí, the Hub of the Mining District -- El Zancudo, Remarkable Features, and Traits -- Legacy from the Administrative Perspective -- The Fall -- Linkages with Cross-Border Insolvency -- Colophon: From Colonial Times to Capitalism -- Acknowledgment -- References -- 7. To What Extent Do Differences in Legal Systems Affect Cross-Border Insolvency? Evidence from Foreign-Owned Italia... -- Introduction -- European Regulatory Systems and Cross-Border Insolvency -- The Main Problem -- Current Leading Principles: Settling a Crisis and Saving a Company -- Differences between Crisis and Insolvency Notions -- Comparing Key Aspects of Domestic Insolvency Rules in Some EU Countries. Competition among Legal Systems and the Specific Forum Shopping Problem in Insolvency Proceedings -- The Connection between the Forum Shopping Problem and the General Freedom of Establishment Issue -- The Specific Question of the Relocation of the Centre of Main Interests (COMI) -- Uncitral Model Law and Recommandation 2014/135/UE -- The Italian Insolvency Proceeding Reform -- First Conclusions about Positive Aspects of the COMI Transfer and Creditors' Protection -- Empirical Model -- The Econometric Methodology -- Data and Variables -- Firm-Specific Variables -- Industry-Specific Variables -- Estimation and Results -- The Baseline Model Results -- Does the Legal Environment Matter for Firms' Death -- Robustness Checks -- Conclusion -- References -- About the Authors.
Why do firms die? This volume explores international and cross-disciplinary perspectives, carrying out a forensic examination of 'how and why' companies die in order to understand the lessons 'dead firms' may have to offer.