We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
AN ESTIMATE OF THE DIRECT COSTS OF BANKRUPTCY IN NEW ZEALAND.
- Authors
Bradbury, Michael E.; Lloyd, Suzanne
- Abstract
This paper provides estimates of the direct costs of bankruptcy in New Zealand by analysing 27 corporate receiverships. The analysis indicates that the direct costs of receivership, have a median value of 8% of firm value. The evidence also indicates that direct bankruptcy costs are a decreasing function of size.
- Subjects
NEW Zealand; DIRECT costing; BANKRUPTCY; RECEIVERS (Commercial law); MARGINAL pricing; FINANCIAL crises
- Publication
Asia Pacific Journal of Management, 1994, Vol 11, Issue 1, p103
- ISSN
0217-4561
- Publication type
Article
- DOI
10.1007/BF01731875