Dead Firms: Causes and Effects of Cross-Border Corporate Insolvency

by Miguel M. Torres (Editor), Virginia Cathro (Editor), Maria Alejandra Gonzalez-Perez (Editor)

Overview

Why do firms die? This volume seeks to explore international and cross-disciplinary perspectives, if you like a forensic examination, autopsy or post mortem of 'how and why' companies die. This alternate perspectives flips the focus on survival, as all existing firms are in truth survivors, to consider through the metaphors of death, (with forensic analysis, autopsy, post mortems and crime scene investigations) the lessons 'dead firms' might offer. This book will contribute to the understanding of the development, antecedents, processes and consequences of corporate insolvency around the world. In general lines, insolvency is a state in which the debtor is proven unable to pay corporate debtors. We aim to explore the contemporary causes and effects of corporate cross-border insolvency (CCBI). In the realms of international business, CCBI could be mediated by events experienced during the internationalization of the firm, which may encompass a loss of capital, loss of revenue and loss of credit.

Product Details

ISBN-13:	9781786353146
Publisher:	Emerald Group Publishing Limited
Publication date:	07/05/2016
Series:	Advanced Series in Management , #15
Pages:	208
Product dimensions:	6.70(w) x 9.50(h) x 0.50(d)

About the Author

Edited by Miguel M. Torres, University of Leeds, Leeds, UK Virginia Cathro, University of Otago, Dunedin, New Zealand Maria Alejandra Gonzalez-Perez, Universidad Eafit, Medellin, Colombia

Table of Contents

List of Contributors vii

Preface ix

Why Already Internationalised Firms Die? Causes and Effects ofCross-Border Corporate Insolvency Miguel M. Torres Virginia Cathro Maria Alejandro Gonzalez-Perez xi

1 What Kills a Reputation? A Post-Mortem Analysis of Jekyll-Hyde Business Leaders Melissa S. Baucus Philip L. Cochran 1

2 The Peruvian Amazon Company's Death: The Jungle Devoured Them Juan Velez-Ocampo Carolina JHerrera-Cano Maria Alejandro Gonzalez-Perez 35

3 On the Solvency of Firms: Can Government's Intervention Reduce External Financing of Firms' Working Capital in Nigeria? Uchenna Efobi Belmondo Tanankem Voufo Ihukun Beecroft Peace Okougho 47

4 Survival and Death in the Indian Corporate Sector Suranjali Tandon 77

5 Public Policy Restricting Free Flow of Capital, Exchange Rate Control and Possible Effects on Cross-Border Insolvency: The Case of Latin American Countries Loir Aylú Gaitán-Guerrero Charles Alberto Muller Sanchez 113

6 El Zancudo Mining Company Juan Carlos López Juan Velez-Ocampo 137

7 To What Extent Do Differences in Legal Systems Affect Cross-Border Insolvency? Evidence from Foreign-Owned Italian Firms Rosanna Pittiglio Filippo Reganati Claudia Tedeschi 161

About the Authors 189

Editorial Reviews

Bucking the trend of business literature to be optimistic and its focus on the US, scholars of economics and business management from emerging and industrialized nations analyze cross-border insolvency at different levels of analysis and with different emphases. They cover what kills a reputation: post-mortem analysis of Jekyll-Hyde business leaders, the Peruvian Amazon Company's death: the jungle devoured them, whether government's intervention can reduce external financing of firms' working capital in Nigeria, survival and death in the Indian corporate sectors, public policy restricting free flow of capital, exchange rate control, and possible effects of cross-border insolvency: the case of Latin American countries, the El Zancudo mining company, and the extent to which differences in legal systems affect cross-border insolvency: evidence from foreign-owned Italian firms.

Annotation