مقالے کی معلومات
جلد
شمارہ
مقالے کی قسم
زبان
تلخیص
This study is to examine the effects of a firm’s multinational flexibility option on the outcomes of Chapter 11 and durations in the process. For a sample of 403 U.S. companies that filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code, we find that multinational enterprises (MNEs) are more likely to emerge from Chapter 11 than domestic enterprises (DEs). Further examination finds that foreign sales ratio is not a significant predictor of successful emergence from Chapter 11, but foreign asset ratio and the number of foreign countries with a revenue-generating subsidiary improve the likelihood of emergence from Chapter 11, suggesting the advantages of multinational network such as operating flexibility, tax savings, and financing advantage
H. YOUNG BAEK, DONG-KYOON KIM. (2013) Corporate Multinational Flexibility Option and Bankruptcy Resolution, International Review of Management and Business Research, Volume 2, Issue 4.
-
Views
441 -
Downloads
35