A Brief Analysis of the Expansion and Measurement of Bankruptcy Efficiency Indicators in Business Environment Assessment
ABSTRACT:In recent years,the B-READY has undergone significant changes compared to its predecessor,DB.Both are international benchmark projects developed by the World Bank,upon which individual economies can build and develop.Within the B-READY framework for corporate bankruptcy,the third pillar is bankruptcy efficiency,with indicators being time and cost.The author believes it's appropriate to directly incorporate the recovery rate indicator into bankruptcy efficiency,while also establishing the components and scores for the expanded elements.After analyzing the shortcomings in measuring efficiency indicators for publicly traded companies undergoing restructuring over the past two years,the author believes that there should be a coherent relationship between time,cost,and recovery rate.The author also provides a relevant formula for the fair measurement of recovery rates and suggests that the assessment methods for the bankruptcy efficiency and its indicators could follow a five-tier approach similar to corporate performance evaluations.Finally,the author analyzes the fair measurement method for recovery rates in the context of a specific restructuring case.
NETL
NSTL
万方数据
