Business Failure and Change: An Australian Perspective
Staff research paper
Business Failure and Change: An Australian Perspective by Ian Bickerdyke, Ralph Lattimore and Alan Madge was released on 20 December 2000. The paper is about the outflow of businesses - 'business exits', one of its aims being to provide data on different types of business exits, to comment on the reasons why these occur and to highlight some of the key economic implications emerging from the data. It also examines institutional arrangements and policy mechanisms for dealing with insolvent businesses. Also see:
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CONTENTS
Preliminaries
Cover, Copyright, Contents, Acknowledgments, Glossary, Key messages, Overview
1 Introduction
1.1 What are business exits?
1.2 The economic role of business exits
1.3 Scope and data sources
1.4 Outline
2 Nature and extent of business exits
2.1 Magnitude and impact of business exits
2.2 Business exits by location and industry sector
2.3 Characteristics of exiting businesses
2.4 Business survival rates
2.5 Comparisons with other Australian evidence
2.6 Business exit intentions
2.7 Summary
3 Business failures
3.1 Measuring business failures
3.2 Trends in business-related bankruptcies and company liquidations
3.3 Magnitude and impact of enterprise failures
3.4 Factors influencing the likelihood of business failure
3.5 Causes of business failure
3.6 Summary
4 Insolvency arrangements in Australia
4.1 Incorporated enterprises
4.2 Unincorporated enterprises
4.3 Receivership
4.4 Statutory priorities in liquidation, bankruptcy and receivership
Attachment
5 Assessing insolvency codes
5.1 Why does insolvency matter?
5.2 The role of government in business insolvency
5.3 Criteria for assessing insolvency codes
5.4 Liquidation or reorganisation?
5.5 Appropriate allocation of liquidated assets
5.6 Summary
6 Protecting employee entitlements in the event of insolvency
6.1 What is at stake?
6.2 Current policy approach in Australia
6.3 Mechanisms for protecting employee entitlements
6.4 Design aspects of employee protection schemes
6.5 Summary
7 Other insolvency issues
7.1 Protecting other classes of unsecured creditors
7.2 Measures to reduce excessive risk taking
7.3 Allowing bankrupts back into business
A Australian exits data
B Overseas data
B.1 Entry and exit data for European countries
B.2 Entry and exit data for the United Kingdom
B.3 Entry and exit data for the United States
B.4 Entry and exit data for Japan
B.5 Entry and exit data for Canada
C Australian bankruptcy data
D Modelling bankruptcy
D.1 Can a bankruptcy rate be defined?
D.2 The behaviour of bankruptcies over time
D.3 Possible factors affecting the bankruptcy rate
D.4 Model results
References
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