LEADER 12669nam 22007934a 450 001 9910968890203321 005 20251116151050.0 010 $a1-280-15647-3 010 $a9786610156474 010 $a0-8213-6225-9 024 7 $a10.1596/0-8213-5928-2 035 $a(CKB)1000000000031519 035 $a(SSID)ssj0000086083 035 $a(PQKBManifestationID)11115841 035 $a(PQKBTitleCode)TC0000086083 035 $a(PQKBWorkID)10025158 035 $a(PQKB)10067465 035 $a(MiAaPQ)EBC3050810 035 $a(Au-PeEL)EBL3050810 035 $a(CaPaEBR)ebr10081838 035 $a(CaONFJC)MIL15647 035 $a(OCoLC)824532467 035 $a(The World Bank)2005042651 035 $a(US-djbf)13926771 035 $a(BIP)46115533 035 $a(EXLCZ)991000000000031519 100 $a20050412d2005 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aCorporate restructuring $elessons from experience /$fedited by Michael Pomerleano, William Shaw 205 $a1st ed. 210 $aWashington, D.C. $cWorld Bank$d2005 215 $axlix, 382 pages $cillustrations ;$d24 cm 300 $aPresentations from a conference, "Corporate Restructuring--International Best Practices," hosted in March 2004 by the World Bank Group and held in Washington, D.C. 311 08$a82-13-59282-4 311 08$a0-8213-5928-2 320 $aIncludes bibliographical references. 327 $aIntro -- Contents -- Preface -- Acknowledgments -- Contributors -- Introduction: Toward Better Practices in Systemic Corporate Restructuring -- The Government's Role -- Monitoring -- Intervention -- Legal Framework for Corporate Restructuring -- Tax Issues -- Skills and Capacity -- Financial Engineering:Financial and Operational Restructuring -- Asset Management Companies -- Alternatives to Asset Management Companies -- Use of Financial Techniques -- References -- Notes -- Chapter 1 Synopsis of Conference Papers -- Overviews of the Crisis and General Principles -- War Stories from the Crises -- Technical Issues -- Note -- Part I: Overviews of the Crisis Experience -- Chapter 2 Policy Approaches to Corporate Restructuring around the World: What Worked, What Failed? -- Overview of Approaches -- Government-Sponsored Voluntary Workout Schemes -- Court-Supervised Restructuring and Bankruptcy -- Restructuring by Public Asset Management Companies and State-Owned Banks -- Voluntary Workouts outside Government-Sponsored and In-Court Frameworks -- Supporting Policy Changes -- Outcomes in Corporate Restructuring -- Nonperforming Loans and Financial Indicators -- Operational Restructuring Measures -- Policy Lessons -- An Efficient Insolvency System -- Adequate Loss-Absorption Capacity -- A Proper Framework of Incentives -- A Limited Role for Banks and the State -- A Menu of Approaches -- Corporate Governance and Other Reforms -- References -- Notes -- Chapter 3 Recent International Experiences in the Use of Voluntary Workouts under Distressed Conditions -- The London Approach -- Corporate Restructuring in Korea -- Initial Government Response -- Policy Measures -- Workout Program -- Daewoo: "Too Big to Fail?" -- Special-Purpose Vehicles, Restructuring Funds, and M& -- A Transactions -- Strengthening the Corporate Restructuring Process within the Banks. 327 $aCorporate Restructuring in Turkey: The Istanbul Approach -- Legal Framework and Structure -- Implementation of the Istanbul Approach -- Impediments -- Corporate Restructuring in Mexico -- Poland: Decentralized Workouts Pursuant to Privatization of State-Owned Banks -- Lessons Learned -- References -- Notes -- Chapter 4 Emerging-Market and Crisis Applications for Out-of-Court Workouts: Lessons from East Asia, 1998-2001 -- Corporate-Financial Sector Linkages -- Recent Approaches to Out-of-Court Workouts -- Korea -- Malaysia -- Thailand -- Indonesia -- Results -- Easy Lessons -- Principles and Processes -- Legal and Regulatory Impediments -- Capacity Constraints -- Potential Deal Breakers -- Debtor Losses -- Creditor Losses -- Inter-Creditor Differences -- References -- Notes -- Chapter 5 Are More Restructuring Regimes Becoming Like the U.S. Chapter 11 System? -- Chapter 11 -- Restructuring Regimes in Industrial Countries -- Requirements of a Rapid-Sequencing Process in Developing Countries -- The Merits of a Chapter 11 System for Countries -- Conclusions -- Appendix 5.1: Questions and Answers on the Current Sovereign Restructuring Process -- Reference -- Notes -- Chapter 6 The Successful Asset Management Companies -- The Role and Progress of Danaharta, Malaysia, Dató Zukri Samat -- Korea Asset Management Corporation: The Host of Restructuring Vehicles Tried in Korea, Beom Choi -- China's Huarong Asset Management Company, Yang Kaisheng -- China's Banking Reform -- Asset Management Companies -- Restructuring Approaches Used in Japan, Shinjiro Takagi -- Improvements in the Legal Structure for Corporate Reorganizations -- The Industrial Revitalization Corporation of Japan -- Human Resources for Corporate Restructuring -- Conclusions -- Appendix 6.1: Civil Rehabilitation Proceeding in Japan -- Appendix 6.2: Corporate Reorganization Proceeding in Japan. 327 $aAppendix 6.3: Out-of-Court Workout in Japan -- Notes -- Chapter 7 Progress toward the Resolution of Nonperforming Loans -- The Resolution of Nonperforming Loans -- Recommendations -- References -- Note -- Part II: War Stories from the Crises -- Chapter 8 Restructuring in Weak Legal and Regulatory Jurisdictions: The Case of Indonesian Restructurings -- Successful Indonesian Restructurings -- The Impediment of a Weak Court System -- Effect of Weak Courts on the Rights of Secured Creditors -- Strong Creditor Organization and Leadership -- Cash Controls -- Unexpected Effect of Laws Passed at the Time of the Crisis -- Role of Government Interventions in Restructuring Negotiations -- Foreign Government Intervention -- Preserving the Value of the Enterprise -- Complexity of Public Debt -- Summary -- Notes -- Chapter 9 Government Policy Responses in Korea -- Note -- Chapter 10 Malaysia's Experience withCorporate Restructuring -- Before the Crisis -- Impact of the Crisis -- Factors Contributing to the Crisis -- The National Economic Recovery Plan -- Banking Restructuring -- Danaharta -- Danamodal -- Corporate Debt Restructuring Committee -- Corporate Restructuring -- Conclusions -- References -- Notes -- Chapter 11 An Alternative to Government Management Companies: The Mellon Approach -- Chapter 12 Corporate Restructuring Funds: The Lessons from Korea -- Background -- Corporate Restructuring Funds -- The Investment Process -- Positives and Negatives -- Part III: Technical Issues -- Chapter 13 Debt and Firm Vulnerability -- Data Description -- Regression Analysis -- Constituent Components: Sales Margins and Turnover Effects -- Country Effects -- Conclusions -- References -- Notes -- Chapter 14 The Contingent Claims Approach to Corporate Vulnerability Analysis: Estimating Default Risk and Economywide Risk Transfer -- Contingent Claims Analysis. 327 $aThe Contingent Claims Methodology -- Distance to Distress and Probability of Default -- Moody's M?Risk Model: Contingent Claims Analysis in a Multisector Framework -- Assessing Corporate Sector Vulnerabilities -- The Brazilian Corporate Sector -- The Contingent Claims Approach and Financial Market Uncertainty in Brazil in 2002 -- The Thai Corporate Sector -- The Contingent Claims Approach and the Asian Financial Crisis -- Multisector Contingent Claims Analysis -- Multisector Contingent Claims Analysis: Brazil -- Multisector Contingent Claims Approach: Thailand -- Conclusions -- Advantages of the Contingent Claims Approach -- Hurdles to Overcome -- Implications for Macroeconomic Risk Management -- References -- Notes -- Chapter 15 Developing an Effective Framework for Insolvency and Credit Rights -- The Role and Significance of Enforcement and Insolvency Systems -- Meeting the Challenges of Business in a Global Market -- Promoting Sound Investment Climates and Commercial Confidence -- The Risk Assessment Continuum -- The World Bank Principles and the Risk Assessment Continuum -- The Commercial Insolvency Framework -- Are the World Bank Principles Pro-Creditor or Pro-Debtor? -- Experience with the World Bank Principles under the ROSC Framework -- Creditor Rights Systems -- Insolvency Systems -- Rehabilitation and Reorganization of Businesses -- Institutional and Regulatory Frameworks -- Lessons and Experience in Applying the Principles -- Corporate Restructuring: Common Implementation Goals -- Corporate Rescue Approaches -- Formal Proceedings -- Comparative Tax Consequences for Debt Write-offs -- Social Protection Systems -- The Way Forward -- Appendix 15.1: World Bank Principles and Guidelines for Effective Insolvency and Creditor Rights Systems -- References -- Notes -- Appendix 1 Financial Restructuring: Techniques and Negotiating Dynamics. 327 $aDebt-for-Debt Exchange -- Situational Overview -- Situational Assessment -- The Negotiating Dynamics -- Debt-for-Equity Exchange -- The Negotiating Dynamics -- References -- Notes -- Boxes -- 2.1: Definitions of Restructuring -- 2.2: Cross-Country Experiences with Asset Management Companies -- 2.3: Special Programs and Restructuring Approaches for Small and Medium Enterprises -- 4.1: Enhanced Rules for CDRC Workouts in Malaysia, August 2001 -- 4.2: Typical Content of Workout Agreements in Korea -- 8.1: Asia Pulp and Paper -- 8.2: Role of the Mexican Government in Restructuring -- 8.3: Role of the Malaysian Government in Restructuring -- Figures -- 2.1: Financial Conditions and Performance of the Corporate Sector before the Crisis in Eight Countries -- 3.1: Korea's Approach to Debt Restructuring, Following the London Approach -- 3.2: Istanbul Approach to Debt Restructuring -- 3.3: Profit Measures for 57 Firms in Bank Conciliation in Poland, 1991-95 -- 13.1: Median Interest Coverage Ratio and GDP Growth Rate in Thailand, 1994-2001 -- 13.2: Histogram of Interest Coverage Ratio (ICR) for All Countries and Firms, 2000 -- 13.3: Interest Coverage Ratio (ICR) for All Brazilian Firms in the Sample, 2000 -- 14.1: Distance to Distress -- 14.2: Indicators of Corporate Sector Leverage in Brazil, 1995-2002 -- 14.3: Distance to Distress in Brazil, by Sector, March 2002 -- 14.4: Distance to Distress in Brazil, by Sector, September 2002 -- 14.5: Assets Relative to Distress Barrier in the Utility Sector in Brazil, 2002 -- 14.6: Estimated Actual Default Probability Versus Distance to Distress in the Utility Sector in Brazil, March-September 2002 -- 14.7: Implied Asset Volatility in the Utility Sector in Brazil, 2002 -- 14.8: Assets Minus Distress Barrier in Thailand, 1992 and 1996 -- 14.9: Distance to Distress in Thailand, by Sector, July 1997. 327 $a14.10: Distance to Distress in Brazil, by Sector, October 1997. 330 $aIn the wake of the periodic financial crises of the late 1990s, the international financial institutions and many experts have recognized the need for a strategy to avoid and mitigate the severity of crises in the corporate sector. Addressing this problem requires the complementary efforts of policymakers, regulators, lawyers, insolvency experts, corporate restructuring specialists, and financiers. What are the roots of corporate distress? Can systemic corporate crises be predicted? What is the role of legal frameworks in preventing and coping with a crisis? What are the most effective financial techniques for dealing with distressed corporates? This timely volume takes a multidisciplinary perspective on corporate restructuring, and examines international experiences in dealing with corporate crises. 410 0$aWorld Bank e-Library. 606 $aCorporate reorganizations$vCongresses 606 $aConsolidation and merger of corporations$vCongresses 606 $aFinancial crises$vCongresses 606 $aBankruptcy$vCongresses 606 $aInternational finance$vCongresses 615 0$aCorporate reorganizations 615 0$aConsolidation and merger of corporations 615 0$aFinancial crises 615 0$aBankruptcy 615 0$aInternational finance 676 $a658.1/6 701 $aPomerleano$b Michael$01863434 701 $aShaw$b William$f1953-$01872441 712 02$aWorld Bank. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910968890203321 996 $aCorporate restructuring$94481598 997 $aUNINA LEADER 03944oam 2200637I 450 001 9910974303403321 005 20251116233514.0 010 $a0-429-92012-1 010 $a0-429-90589-0 010 $a0-429-48112-8 010 $a1-78241-147-X 035 $a(CKB)2560000000147337 035 $a(EBL)1660323 035 $a(SSID)ssj0001211437 035 $a(PQKBManifestationID)11812555 035 $a(PQKBTitleCode)TC0001211437 035 $a(PQKBWorkID)11203916 035 $a(PQKB)10812062 035 $a(MiAaPQ)EBC1660323 035 $a(Au-PeEL)EBL1660323 035 $a(CaPaEBR)ebr10857333 035 $a(CaONFJC)MIL586184 035 $a(OCoLC)875639320 035 $a(EXLCZ)992560000000147337 100 $a20180611h20182014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe art of group analysis in organisations $ethe use of intuitive and experiential knowledge /$fby Gerhard Wilke 205 $a1st ed. 210 1$aBoca Raton, FL :$cRoutledge, an imprint of Taylor and Francis,$d[2018]. 210 4$d©2014. 215 $a1 online resource (257 p.) 225 1 $aNew International Library of Group Analysis 300 $aDescription based upon print version of record. 311 08$a0-367-10164-5 311 08$a1-78049-153-0 320 $aIncludes bibliographical references and index. 327 $aCOVER; CONTENTS; ABOUT THE AUTHOR; NEW INTERNATIONAL LIBRARY OF GROUP ANALYSISFOREWORD; Introduction; PART I EXPERIENTIAL AND INTUITIVE KNOWLEDGE; CHAPTER ONE Group analysis in organisations: what it takes; PART II THE GROUP DYNAMICS OF TOP-DOWN CHANGE; Introduction; CHAPTER TWO Oedipal and sibling dynamics in changing organisations; CHAPTER THREE Power and play: a story of denigration and idealisation; PART III THE USE AND NATURE OF THE LARGE ANALYTIC GROUPS; Introduction; CHAPTER FOUR The large analytic group and its conductor; PART IV SUPPORT AND DEVELOPMENT FOR HEALTH PROFESSIONALS 327 $aIntroductionCHAPTER FIVE Beyond Balint: working with general practitioners; CHAPTER SIX "Patrix" and matrix: a generative pairing; PART V RETHINKING ORGANISATIONAL LEADERSHIP AND DEVELOPMENT; Introduction; CHAPTER SEVEN Leaders and groups in traumatising organisations; CHAPTER EIGHT A paradigm shift in organisational development; PART VI ENDING; CHAPTER NINE Conclusion: dealing with permanent transition; REFERENCES; INDEX 330 3 $aLeaders, teams and organisational consultants are faced with a situation of permanent transitions. The current world of organisations is full of beginnings and incomplete endings. The author assumes that the endless re-structuring of living networks of relationships in organisations generates, over time, post-traumatic stress disorder in individuals, groups and the whole system. The book deals with the paradox that continuity is the most important factor in change and that leadership alone solves very little. Even the most heroic figure flounders without the help of the various groups in the organisation, which make things work. The author reflects on his practice of developing teams, professionals and organisations with an approach rooted in group analysis and social anthropology. The dominant way of looking at performance, motivation and leadership focuses on individuals and fails to take into account how we work together, how we fail to co-operate and how inter-dependent we are. 410 0$aNew international library of group analysis series. 606 $aGroup psychoanalysis 606 $aOrganizational change 615 0$aGroup psychoanalysis. 615 0$aOrganizational change. 676 $a616.89152 700 $aWilke$b Gerhard$f1948-$0572081 801 0$bFlBoTFG 801 1$bFlBoTFG 906 $aBOOK 912 $a9910974303403321 996 $aThe art of group analysis in organisations$94494367 997 $aUNINA