28 months later: early study on Portuguese reorganizations
Autor(a) principal: | |
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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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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 |
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info:eu-repo/semantics/openAccess |
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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) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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