publication . Preprint . Book . 1999

The Role of Commercial Banks in Enterprise Restructuring in Central and Eastern Europe

Millard Long; Izabela Rutkowska;
Open Access
  • Published: 30 Nov 1999
Abstract
Many countries in Eastern Europe assigned banks the responsibility for restructuring enterprises. Such restructuring had five components: 1) triage of enterprises into three classes -- viable, viable with debt relief, and nonviable; 2) work with management of overindebted firms on a restructuring plan before granting debt relief; 3) trigger the bankruptcy liquidation process on nonviable firms; 4) fund new investments needed as part of physical restructuring; and 5) provide corporate governance through representation on boards of directors. The initial information is that banks are performing these roles only to a limited degree. Signals are mixed on how vigorou...
Subjects
free text keywords: Financial Crisis Management&Restructuring,Banks&Banking Reform,Payment Systems&Infrastructure,Municipal Financial Management,Financial Intermediation,Financial Intermediation,Environmental Economics&Policies,Banks&Banking Reform,Financial Crisis Management&Restructuring,Municipal Financial Management, Business, Corporate governance, Bank regulation, Finance, business.industry, Financial system, Financial services, Debt, media_common.quotation_subject, media_common, Physical restructuring, Restructuring, Bankruptcy, Accredited investor
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publication . Preprint . Book . 1999

The Role of Commercial Banks in Enterprise Restructuring in Central and Eastern Europe

Millard Long; Izabela Rutkowska;