Incremental Effect and Determinants of Equity to Shareholders in Regal Management - Focusing on Non-Listed Firms -

법정관리의 주주지분증가효과와 결정요인 - 비상장기업을 중심으로 -

  • Kang, Ho-Jung
  • 강호정 (배재대학교 경영학과)
  • Published : 2006.12.28

Abstract

The main results of this study can by summarized as follows. First, the incremental effect of equity to shareholders is common in the sample of this study. The sample contains 46 non-listed firms that filed for legal management and had confirmed their reorganization plans. Second, the results of the regression model analyzing the determinants of incremental equity to shareholders in legal management show that it is negative related to the solvency(total debt/total asset), firm size, and weight of claims for secured creditors and banks significantly. But corporate reorganization period(from filing to confirmation)are not significant.

Keywords

Legal Management;Reorganization Plan;Incremental Equity to Shareholders