Journal article
Financial Information and Voluntary Administration Outcomes - Evidence from Australian Listed Public Companies
Accounting, Accountability & Performance, Vol.11(1), pp.74-95
2005
Abstract
Introduction of the statutory voluntary administration (VA) process in mid 1993 represented a significant change to corporate insolvency law in Australia in providing greater opportunity for companies to attempt to resolve their financial distress. The focus of this paper is on the relationship between financial information available at the time a company enters VA and the VA outcome. In particular, we explore how financial information that indicates a company's capacity to restructure its debt and assets relates to the VA outcome. Our analysis indicates that a company's ability to restructure its debt contracts is critical to the fate of companies that enter VA.
Details
- Title
- Financial Information and Voluntary Administration Outcomes - Evidence from Australian Listed Public Companies
- Authors
- James Routledge (Author) - Bond UniversityDavid Gadenne (Author) - Central Queensland University
- Publication details
- Accounting, Accountability & Performance, Vol.11(1), pp.74-95
- Publisher
- Griffith University, Department of Accounting, Finance and Economics
- Date published
- 2005
- ISSN
- 1445-954X
- Copyright note
- Copyright © 2005 Griffith University, Department of Accounting, Finance and Economics. Reproduced here with permission.
- Organisation Unit
- University of the Sunshine Coast, Queensland; USC Business School - Legacy
- Language
- English
- Record Identifier
- 99449977702621
- Output Type
- Journal article
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