Corporate Restructuring

• Main Authors: Kung, Tsung-Hui Handon, 龔宗惠
• Other Authors: Kuo, Wei Yu
• Format: Others
• Language: en_US
• Online Access: http://ndltd.ncl.edu.tw/handle/49763441443068433491

碩士 === 國立政治大學 === 經營管理碩士學程(EMBA) === 97 === Corporate restructuring is a process that every enterprise will have to voluntarily or involuntarily go through in its life cycle in order to grow to a bigger company, to increase or change to different products or services, or to survive from a crisis. In today’s business world, there are many tools that can help the company to get a better result out of the restructuring process. When the corporate restructuring is initiated due to a financial distress, how to restructure the debt with creditors is the first and most important issue to be resolved. After that, a pay-for-performance system will decide the scale and the speed that a company can get out of the troubles. A Taiwan company, National Aerospace Fasteners Corporation (NAFCO) is used to better understand the impact of debt handling and pay-for-performance system.