ITEM VIEW

What are the indicators of a successful business rescue in South Africa? ask the business rescue practitioners

dc.contributor.authorConradie, Shaneenen_ZA
dc.contributor.authorLamprecht, Christiaanen_ZA
dc.date.accessioned2018-04-12T06:49:51Z
dc.date.available2018-04-12T06:49:51Z
dc.date.issued2018
dc.identifier.citationConradie, S. & Lamprecht, C. 2018. What are the indicators of a successful business rescue in South Africa? ask the business rescue practitioners. South African Journal of Economic and Management Sciences, 21(1), a1726, doi:10.4102/sajems.v21i1.1726
dc.identifier.issn2222-3436 (online)
dc.identifier.issn1015-8812 (print)
dc.identifier.otherdoi:10.4102/sajems.v21i1.1726
dc.identifier.urihttp://hdl.handle.net/10019.1/103964
dc.descriptionCITATION: Conradie, S. & Lamprecht, C. 2018. What are the indicators of a successful business rescue in South Africa? ask the business rescue practitioners. South African Journal of Economic and Management Sciences, 21(1), a1726, doi:10.4102/sajems.v21i1.1726.
dc.descriptionThe original publication is available at https://sajems.org
dc.descriptionPublication of this article was funded by the Stellenbosch University Open Access Fund.
dc.description.abstractBackground: Business rescue, in terms of Chapter 6 of the Companies Act No 71 of 2008, is still relatively new to the South African business environment. The need for a successful business rescue regime is beyond doubt. However, a consistent manner to measure the success of the regime has not been determined. Previous research into possible indicators of business rescue success was based on a review of international business rescue regimes that share the same underlying philosophy as the South African business rescue regime. Aim and Setting: This study extends previous research efforts by soliciting the opinions of 16 South African, senior business rescue practitioners on the indicators of business rescue success. Method: The researchers used a qualitative research approach. The Delphi research technique was used to gather qualitative and quantitative empirical data from business rescue practitioners. Results: The experts reached a high level of consensus on various indicators of a successful business rescue. Most notable are that business rescue should save as many jobs as possible and that the actual outcome should be compared to that estimated in the business rescue plan. A novel indicator of success is the business rescue points saved or rescued, when using the public interest score. Conclusion: The study makes a valuable contribution to the debate on what constitutes a successful business rescue by adding the considered opinion on indicators of success by one group of experts in the field of business rescue, namely senior business rescue practitioners.en_ZA
dc.description.urihttps://sajems.org/index.php/sajems/article/view/1726
dc.format.extent12 pages
dc.language.isoen_ZAen_ZA
dc.publisherAOSIS Publishing
dc.subjectBusiness rescue practitionersen_ZA
dc.titleWhat are the indicators of a successful business rescue in South Africa? ask the business rescue practitionersen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's version
dc.rights.holderAuthor retains copyright


Files in this item

Thumbnail
Thumbnail

This item appears in the following Collection(s)

ITEM VIEW