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dc.contributor.authorVandezande, Leen
dc.contributor.authorMeeus, Leonardo
dc.contributor.authorBelmans, Ronnie
dc.date.accessioned2017-12-02T14:52:12Z
dc.date.available2017-12-02T14:52:12Z
dc.date.issued2007
dc.identifier.urihttp://hdl.handle.net/20.500.12127/4667
dc.description.abstractThis paper analyses the duration of the time to exit of distressed firms, differentiating between court driven exits (mainly bankruptcies) and voluntary liquidations. It examines how long firms survive after initial signs of economic distress. The study is conducted on an extensive dataset of 5,233 Belgian distress-related exits of mature firms, the majority being privately held. The results highlight that slack resources have an opposite effect on the timing of court driven exits and voluntary liquidations. On the one hand, high levels of available and potential slack increase the time to court driven exit, as they allow distressed firms to postpone an impending court driven exit. On the other hand, high available slack resources shorten the time to voluntary liquidation, since they make voluntary liquidation easier. Further, a high level of stakeholder dependence increases the time to exit after distress, whether the firm exits through voluntary liquidation or through a court decided exit. This is explained by the fact that stakeholder dependence increases the complexity of the exit decision and the exit procedure.
dc.language.isoen
dc.subjectEnergy Markets
dc.subjectOperations & Supply Chain Management
dc.titleEstlink: a first of many merchant transmission investments in Europe?
dc.title.alternativeProceedings of Transmission & Distribution Europe 2007
vlerick.conferencedate06/03/2007-08/03/2007
vlerick.conferencelocationPrague, Czech Republic
vlerick.conferencenameTransmission & Distribution Europe 2007
vlerick.knowledgedomainSpecial Industries : Energy
vlerick.knowledgedomainOperations & Supply Chain Management
vlerick.supervisor
vlerick.typeconfpresConference Proceeding
vlerick.vlerickdepartmentTOM
dc.identifier.vperid40734
dc.identifier.vperid151626
dc.identifier.vperid162824
dc.identifier.vpubid5546


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