Rosslyn-Smith, Wesley John; De Abreu, Nicole Varela Aguiar; Pretorius, Marius
(NISC Pty (Ltd) and Informa Limited (trading as Taylor & Francis Group), 2020)
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 ...