FINANCIAL STYLE AND CORPORATE CONTROL
作者:
Michael J. Murray,
Frank C. Reid,
期刊:
Journal of Applied Corporate Finance
(WILEY Available online 1988)
卷期:
Volume 1,
issue 1
页码: 76-84
ISSN:1078-1196
年代: 1988
DOI:10.1111/j.1745-6622.1988.tb00160.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
who will control the process of realizing values inherent in a particular business? If the answer is to be “Management,” then a more assertive financial style and an accelerated financial restructuring timetable may be required to accompany any necessary business restructuring activities. In the new financial environment, failure to take the initiative to implement prudent, well‐reasoned financial restructuring may allow outside interests to re‐define the game. Management would thus lose control of the value creation
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