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1. 

   A liabilities approach to the likelihood of liquidation in business rescue

   Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: Wesley Rosslyn-Smith --- Department of Business Management, South Africa Marius Pretorius --- Department of Business Management, South Africa

   While reorganisation procedures aim to salvage financially distressed firms, they are often abused, as uneconomic, failing firms commence with proceedings that erode value rather than preserve it. The commencement standard for business rescue is aimed at preventing such abuse, though...

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2. 

   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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