Index

Dr Alberto Tron (Bocconi University, Italy)

Corporate Financial Distress

ISBN: 978-1-83982-981-9, eISBN: 978-1-83982-980-2

Publication date: 21 January 2021

This content is currently only available as a PDF

Citation

Tron, A. (2021), "Index", Corporate Financial Distress, Emerald Publishing Limited, Bingley, pp. 161-163. https://doi.org/10.1108/978-1-83982-980-220211008

Publisher

:

Emerald Publishing Limited

Copyright © 2021 Emerald Publishing Limited


INDEX

Administrative systems
, 82–84

Alpha Group

causes
, 105–109

commercial objectives
, 118–119

customer segments
, 104

distribution channel
, 103

economic objectives
, 118–119

elements
, 102

endogenous causes
, 107–109

equity objectives
, 118–119

exogenous causes
, 105–107

financial crisis situation
, 118

financial intervention
, 114–118

financial objectives
, 118–119

financial/strategic recovery plan
, 109–114

market dimensions
, 104

prospective financial balance
, 128–134

recovery phase performance
, 119–128

reference market
, 102–105

reference target
, 103

value creation
, 136

Balance sheet
, 48

Banking Agreement
, 130

Bankruptcy prediction

administrative systems
, 82–84

Bocconi University
, 88–94

business administrative systems (BAS)
, 81–88

cash flows predictive ability
, 94–97

cash flow statements
, 70

company recovery
, 68–69

company stakeholders
, 67

corporate crises
, 79–81

data source
, 94–95

extrajudicial renegotiation
, 79

IAS/IFRS situation
, 77

Italian listed companies
, 73–78

Observatory on Corporate Crisis (OCI)
, 81

operating cash flow (OCF)
, 75–77

Parthenope University
, 88–94

procedures
, 29

regression model
, 92, 95

reorganisation strategies
, 82–84

Spearman’s analysis
, 73

theoretical/empirical research work
, 68–69

University of Pisa
, 69–73

variable description
, 86–87

Z-Score model
, 68

Beta’s business model
, 110

Bocconi University
, 88–94

Bridge finance
, 47

Business administrative systems (BAS)
, 81–88

Business distress
, 11–23

Business model
, 27

Business planning process
, 44

Business turnaround plan
, 43–50

Cash flows predictive ability
, 94–97

Cash flow statements
, 70

Chief Restructuring Officer (CRO)
, 57

Company pathologies
, 7

Company value, recovery plans

balance sheet
, 48

business model
, 27

business planning process
, 44

business turnaround plan
, 43–50

cash-based approaches
, 40

CNDCEC
, 32–37

completeness principle
, 34

continuity
, 28

debt rescheduling
, 47

feasibility
, 32–37

financial restructuring
, 47

financial situation analysis
, 49

forecast income statement
, 47–48

Italian Stock Exchange
, 33

liquidity statement
, 49

managerial intervention
, 38–39

neutrality principle
, 34

restructuring
, 25

self-realisation
, 27

transparency
, 34

turnaround strategy
, 37–43

Contingency
, 65

Corporate financial distress

crisis factors
, 7–10

crisis path
, 6

crisis stages
, 5, 6

definition
, 1, 4–7

external causes
, 9–10

governance
, 7–10

Guatri’s approach
, 5

handling
, 7–10

holistic vision
, 9–10

identification
, 7–10

inefficiency crisis
, 8

innovation
, 9

internal causes
, 8–9

optimal capital structure
, 1

overcapacity crisis
, 9

planning
, 9

product-related crisis
, 9

time factor
, 7–8

Corporate governance activities
, 22

COVID-19 pandemic effects
, 25

Data processing
, 7

Debt rescheduling
, 47

Delta-KPI
, 63

Delta-Performance scheme
, 61

Deployment action plan
, 62–63

EBITDA
, 43, 61, 80, 122, 124

Economic balance
, 11

External communication phase
, 53

Extrajudicial renegotiation
, 31, 79

Financial equilibrium

assessment
, 22–23

capital balance
, 11

complementarity
, 14–17

constant variability
, 11–14

convenient financial structure
, 18–22

coverage methods
, 16

economic balance
, 11

financial balance
, 11

financial requirements
, 11–14

interdependence
, 14–17

short-term financial equilibrium
, 23

Financial restructuring
, 47

Financial situation analysis
, 49

Financial/strategic recovery plan
, 109–114

Forecast income statement
, 47–48

Insolvency management system
, 28–29

Internal operations
, 36–37

Italian listed companies
, 73–78

Italian Stock Exchange
, 32, 33

KPI scorecard monitoring
, 59

Liquidity statement
, 49

Net financial position
, 124

Observatory on Corporate Crisis (OCI)
, 81

Operating cash flow (OCF)
, 75–77

Ordinary Redundancy Fund
, 37

Organisational balance
, 11

Organisational infrastructure
, 57–58

Organisational recovery
, 56–60

Organisational redesign
, 56

Out-of-court agreement
, 30

Parthenope University
, 88–94

Prospective financial balance
, 128–134

Recovery Business Plan (RBP)
, 52, 64–66

Recovery phase performance
, 119–128

Recovery project

Chief Restructuring Officer (CRO)
, 57

Delta-Performance scheme
, 61

deployment action plan
, 62–63

development
, 53

external communication phase
, 53

feasibility
, 60–63

macro phase
, 51

monitoring framework
, 65

organisational change
, 58

organisational infrastructure
, 57–58

organisational leadership
, 58

organisational recovery
, 56–60

Recovery Business Plan (RBP)
, 52, 64–66

sensitivity analysis
, 62

Reduced/cancelled liabilities
, 26

Reference market
, 102–105

Regression model
, 92, 95

Reorganisation strategies
, 82–84

Satisfactory profitability
, 21–22

Self-financing
, 23

Sensitivity analysis
, 62, 133

Short-term financial equilibrium
, 23

Spearman’s analysis
, 73

University of Pisa
, 69–73

Value creation
, 136

Variable description
, 86–87

Z-Score model
, 68