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  1. Exploring the indirect costs of a firm in business rescue

    Exploring the indirect costs of a firm in business rescue

    Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: Wesley Rosslyn-Smith --- Department of Business Management, South Africa Nicole Varela Aguiar De Abreu --- Department of Business Management, South Africa Marius Pretorius --- Department of Business Management, South Africa
    It may be argued that the indirect costs of financial distress are substantially higher than the direct costs. Consequently, indirect costs of participating in a formal turnaround may hinder the success of a reorganisation attempt. This study set out to...
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