The purpose of this paper is to present a conceptual framework that allows a rigorous and comprehensive analysis of the industrial restructuring problem. The paper utilizes this conceptual framework to identify the major barriers to efficient restructuring decisions, namely those related to lack of discipline, rigidities constraining mobility and limited availability of resources. The paper proposes a set of policy and institutional measures to ensure...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1992/04/30
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Рабочий документ департамента
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11008
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1
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1
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2010/07/01
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Disclosed
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Fundamental issues and policy approaches in industrial restructuring
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conversion of debt into equity
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