28 months later: early study on Portuguese reorganizations

Detalhes bibliográficos
Autor(a) principal: Oliveira, Miguel Cardoso Farinha
Data de Publicação: 2016
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/18621
Resumo: The 2012 amendment to the Portuguese Insolvency Law aspired to recover viable firms by introducing a locally adapted Chapter 11, named Processo Especial de Revitalização, though collecting wide-spread criticism in the process. This paper studies the outcome of 339 reorganizations, dated from 2012 to 2013, highlighting a severe problem of filtering: 141 firms (41.6%) have already entered bankruptcy, have petitioned for a new reorganization or are inactive. Moreover, using the accounting information available and the Altman Model, neither reorganized companies appear to be fundamentally different from bankrupted firms, nor it was possible to winnow viable from non-viable firms.
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spelling 28 months later: early study on Portuguese reorganizationsBankruptcy LawProcesso Especial de RevitalizaçãoReorganizationZ-ScoreDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe 2012 amendment to the Portuguese Insolvency Law aspired to recover viable firms by introducing a locally adapted Chapter 11, named Processo Especial de Revitalização, though collecting wide-spread criticism in the process. This paper studies the outcome of 339 reorganizations, dated from 2012 to 2013, highlighting a severe problem of filtering: 141 firms (41.6%) have already entered bankruptcy, have petitioned for a new reorganization or are inactive. Moreover, using the accounting information available and the Altman Model, neither reorganized companies appear to be fundamentally different from bankrupted firms, nor it was possible to winnow viable from non-viable firms.Pinho, PauloRUNOliveira, Miguel Cardoso Farinha2016-08-04T12:35:55Z2016-062016-062016-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/18621TID:201529190enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:57:59Zoai:run.unl.pt:10362/18621Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:24:52.966562Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv 28 months later: early study on Portuguese reorganizations
title 28 months later: early study on Portuguese reorganizations
spellingShingle 28 months later: early study on Portuguese reorganizations
Oliveira, Miguel Cardoso Farinha
Bankruptcy Law
Processo Especial de Revitalização
Reorganization
Z-Score
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short 28 months later: early study on Portuguese reorganizations
title_full 28 months later: early study on Portuguese reorganizations
title_fullStr 28 months later: early study on Portuguese reorganizations
title_full_unstemmed 28 months later: early study on Portuguese reorganizations
title_sort 28 months later: early study on Portuguese reorganizations
author Oliveira, Miguel Cardoso Farinha
author_facet Oliveira, Miguel Cardoso Farinha
author_role author
dc.contributor.none.fl_str_mv Pinho, Paulo
RUN
dc.contributor.author.fl_str_mv Oliveira, Miguel Cardoso Farinha
dc.subject.por.fl_str_mv Bankruptcy Law
Processo Especial de Revitalização
Reorganization
Z-Score
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Bankruptcy Law
Processo Especial de Revitalização
Reorganization
Z-Score
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The 2012 amendment to the Portuguese Insolvency Law aspired to recover viable firms by introducing a locally adapted Chapter 11, named Processo Especial de Revitalização, though collecting wide-spread criticism in the process. This paper studies the outcome of 339 reorganizations, dated from 2012 to 2013, highlighting a severe problem of filtering: 141 firms (41.6%) have already entered bankruptcy, have petitioned for a new reorganization or are inactive. Moreover, using the accounting information available and the Altman Model, neither reorganized companies appear to be fundamentally different from bankrupted firms, nor it was possible to winnow viable from non-viable firms.
publishDate 2016
dc.date.none.fl_str_mv 2016-08-04T12:35:55Z
2016-06
2016-06
2016-06-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/18621
TID:201529190
url http://hdl.handle.net/10362/18621
identifier_str_mv TID:201529190
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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