Loading...
|
Please use this identifier to cite or link to this item:
https://nccur.lib.nccu.edu.tw/handle/140.119/95190
|
| Title: | 企業重整
Corporate Restructuring |
| Authors: | 龔宗惠
Kung, Tsung-Hui Handon |
| Contributors: | 郭維裕
Kuo, Wei Yu
龔宗惠
Kung, Tsung-Hui Handon |
| Keywords: | 企業重整
債務處理
依績效支付酬勞
Corporate Restructuring
Debt Handling
Pay For Performance |
| Date: | 2009 |
| Issue Date: | 2016-05-09 15:19:39 (UTC+8) |
| Abstract: | 企業重整乃是在企業經營循環中, 不論是自發或是被迫都必然要經歷的過程. 這個過程可以幫助公司成長成巨型的國際企業, 協助公司增加或轉換不同的商品或服務, 或是從危機中存活下來. 在今日的企管領域中, 有許多的工具可以協助企業能得到較好的重整結果.
當企業重整是因為財務危機而啟動時, 如何與債權人重新架構債務結構成為最重要且急需處理的事務. 在此之後, 一個依績效設計的獎勵制度會決定這個遭遇麻煩的公司, 會如何以及何時爬出財務困難的泥淖. 在本研究中會用一個臺灣上市公司宏達科技股份有限公司(股票代碼:3004), 來闡述重新架構債務結構, 和依績效設計的獎勵制度對公司重整的影響.
Corporate restructuring is a process that every enterprise will have to voluntarily or involuntarily go through in its life cycle in order to grow to a bigger company, to increase or change to different products or services, or to survive from a crisis. In today’s business world, there are many tools that can help the company to get a better result out of the restructuring process.
When the corporate restructuring is initiated due to a financial distress, how to restructure the debt with creditors is the first and most important issue to be resolved. After that, a pay-for-performance system will decide the scale and the speed that a company can get out of the troubles. A Taiwan company, National Aerospace Fasteners Corporation (NAFCO) is used to better understand the impact of debt handling and pay-for-performance system. |
| Reference: | References
1. Gordon Donaldson, “THE CORPORATE RESTRUCTURING OF THE 1980S-AND ITS IMPORT FOR THE 1990s”, Journal of Applied Corporate Finance, Volume 6, Issue 4, Page 55, Cover Date Winter 1994
2. G. Bennett Stewart III and David M. Glassman, “THE MOTIVES AND METHODS OF CORPORATE RESTRUCTURING”, Journal of Applied Corporate Finance, Volume 1, Issue 1, Page 85, Cover Date Spring 1988
3. G. Bennett Stewart III and David M. Glassman, “THE MOTIVES AND METHODS OF CORPORATE RESTRUCTURING: PART II”, Journal of Applied Corporate Finance, Volume 1, Issue 2, Page 79, Cover Date Summer 1988
4. Michael Jensen, “The Takeover Controversy Analysis and Evidence”, Midland Corporate Finance Journal, Vol. 4 No.2, pp. 6-31, Summer 1986
5. D. C. Hambrick and S. M. Schecter, “Turnaround strategies for mature industrial-product business units”, Academy of Management Journal, 23(2), pp. 231-248, 1983
6. R. C. Hoffman, “Strategies for corporate turnarounds: what do we know about them?”, Journal of General Management, 46, pp. 46-66, 1989
7. W. Weitzel and E. Jonsson, “Decline in organizations - A literature integration and extension”, Administrative Science Quarterly, 34, pp. 91-109, 1989
8. V. L. Barker III and M. A. Mone, “Retrenchment: Cause of turnaround or consequence of decline”, Strategic Management Journal, 15, pp. 395-405, 1994
9. Sudi Sudarsanam & Jim Lai, “Corporate Financial Distress and Turnaround Strategies: An Empirical Analysis”, British Journal of Management, Volume 12, Issue 3, Page 183, Cover Date September 2001
10. Stuart C. Gilson, and Michael R. Vetsuypens, “CREATING PAY-FOR-PERFORMANCE IN FINANCIALLY TROUBLED COMPANIES”, Journal of Applied Corporate Finance, Volume 6, Issue 4, Page 81, Cover Date Winter 1994
11. Robert F. Bruner, “LEVERAGED ESOPS AND CORPORATE RESTRUCTURING”, Journal of Applied Corporate Finance, Volume 1, Issue 1, Page 54, Cover Date Spring 1988
12. Thomas H. Noe Michael J. Rebello , “The Role of Debt Purchases in Takeovers: A Tale of Two Retailers”, Journal of Economics & Management Strategy, Volume 15, Issue 3, Page 609, Cover Date Fall 2006
13. Gordon Donaldson, “VOLUNTARY RESTRUCTURING: THE CASE OF GENERAL MILLS”, Journal of Applied Corporate Finance, Volume 4, Issue 3, Page 6, Cover Date Fall 1991
14. Igor Filatotchev and Steve Toms, “Corporate Governance, Strategy and Survival in a Declining Industry: A Study of UK Cotton Textile Companies”, Journal of Management Studies, Volume 40, Issue 4, Page 895, Cover Date June 2003
15. Mike Wright and Ken Robbie and Steve Thompson , “CORPORATE RESTRUCTURING, BUY-OUTS, AND MANAGERIAL EQUITY: THE EUROPEAN DIMENSION”, Journal of Applied Corporate Finance, Volume 3, Issue 4, Page 47, Cover Date Winter 1991
16. Inder K. Khurana & Barbara Lippincott, “Restructuring and Firm Value: The Effects of Profitability and Restructuring Purpose”, Journal of Business Finance & Accounting, Volume 27, Issue 9&10, Page 1085, Cover Date November/December 2000 |
| Description: | 碩士
國立政治大學
經營管理碩士學程(EMBA)
94932022 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0094932022 |
| Data Type: | thesis |
| Appears in Collections: | [經營管理碩士學程EMBA] 學位論文
|
Files in This Item:
| File |
Size | Format | |
|---|
| index.html | 0Kb | HTML2 | 479 | View/Open |
|
All items in 政大典藏 are protected by copyright, with all rights reserved.
|
