Financial Management During Sickness and Bankruptcy
Financial management revision article series
Authors
Businesses are risky ventures. When somebody takes a risk he has the expectation of higher return but at the same there is a possibility of significant downside. Therefore, among the many businesses that exist in a country, or around the globe, some get affected and get into financial distress.
Financial managers need to understand the legal and regulatory provisions applicable to firms in distress to manage appropriately during the period.
References
Prasanna Chandra, Financial Management, 5th Ed., Tata McGraw Hill, 2001
Brealey and Myers, Corporate Finance, Fifth Edition, Prentice Hall India, 2001
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