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Post Corporate Restructuring Analysis: The Case of Malaysian Resources Corporation Berhad (MRCB)

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cris.lastimport.scopus2024-12-07T10:21:27Z
cris.lastimport.wos2024-12-06T16:43:18Z
cris.virtual.departmentUniversiti Sains Islam Malaysia
cris.virtual.departmentUniversiti Sains Islam Malaysia
cris.virtual.departmentUniversiti Sains Islam Malaysia
cris.virtual.orcid0000-0003-4452-8176
cris.virtual.orcid0000-0002-5764-8321
cris.virtual.orcid00000001-6690-3315
cris.virtualsource.departmentcaccb7f3-efd9-497d-be1c-f25ccd9ca5bd
cris.virtualsource.departmentdd129e97-076f-4eb2-be71-edbefc41a05e
cris.virtualsource.department85131a60-fbeb-472d-9b99-06fb6d8c27b4
cris.virtualsource.orcidcaccb7f3-efd9-497d-be1c-f25ccd9ca5bd
cris.virtualsource.orciddd129e97-076f-4eb2-be71-edbefc41a05e
cris.virtualsource.orcid85131a60-fbeb-472d-9b99-06fb6d8c27b4
dc.contributor.authorAinulashikin Marzuki
dc.contributor.authorNur Ainna Ramli
dc.contributor.authorFauzias Mat Nor
dc.contributor.authorNorazlan Alias
dc.contributor.authorMohd Hasimi Yaacob
dc.date.accessioned2024-11-11T17:05:19Z
dc.date.available2024-11-11T17:05:19Z
dc.date.issued2024
dc.date.submitted2024-11-6
dc.descriptionIndexed by ERA
dc.description.abstractPurpose: This case study examines the long-term effect of corporate restructuring of Malaysian Resources Corporation Berhad (MRCB) in the period of 2000 to 2021. Design/methodology/approach: Financial ratio analysis and event study approaches are employed as tools to evaluate the restructuring process, focusing on assessing the financial distress and analyzing the capital structure of MRCB. Findings: Three proposed corporate restructuring (PCR) announcements are discussed for MRCB where the announcements were issued to specifically addressed troubled debt in the MRCB corporate structure. According to the event study approach, the PCR events were defined as the date when the firm first announced its restructuring plan. The event study approach examines the 50 days before and after PCR announcement. This study discovers that the company have more financial stability and more prudent debt management after corporate restructuring which consequently result for better performance. Research limitations/implications: This is a case study focusing on one company that is MRCB. Thus, the finding cannot be generalized to other companies with similar financial issues. Practical implications: This finding of the case study assists managers to take appropriate action in designing and implementing corporate restructuring exercises as the success or failure of corporate restructuring depends on the deployment of an appropriate strategy. Originality/value: This is the first case study to investigate the long -term effect performance of corporate restructuring.
dc.identifier.citationAinulashikin Marzuki, Nur Ainna Ramli, Fauzias Mat Nor, Norazlan Alias & Mohd Hasimi Yaacob Post Corporate Restructuring Analysis: The Case of Malaysian Resources Corporation Berhad (MRCB). (2024). Global Business and Management Research: An International Journal, 16(3), 468–490.
dc.identifier.doihttp://www.gbmrjournal.com/pdf/v16n3s/V16N3s-33.pdf
dc.identifier.epage490
dc.identifier.issn1947-5667
dc.identifier.issue3s
dc.identifier.other510-34
dc.identifier.spage468
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/24761
dc.identifier.urihttp://www.gbmrjournal.com/pdf/v16n3s/V16N3s-33.pdf
dc.identifier.volume16
dc.language.isoen_US
dc.publisherUniversal Publishers - Boca Raton, Florida, USA
dc.relation.ispartofGlobal Business and Management Research: an International Journal
dc.relation.issn1947-5667
dc.relation.journalGlobal Business and Management Research: An International Journal
dc.subjectCorporate restructuring
dc.subjectPerformance
dc.subjectFinancial ratio analysis
dc.subjectevent-study
dc.titlePost Corporate Restructuring Analysis: The Case of Malaysian Resources Corporation Berhad (MRCB)
dc.typetext::journal::journal article
dspace.entity.typePublication
oaire.citation.endPage490
oaire.citation.issue3
oaire.citation.startPage468
oaire.citation.volume16
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#

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