Corporate Debt Restructuring and Agency Problems: The Case of Thai Petrochemical Industry (TPI): Case

By: Contributor(s): Material type: BookBookSeries: Vikalpa: The Journal for Decision MakersAnalytics: Show analyticsPublication details: India Sage Apr-Jun 2013Description: Apr-Jun2013, Vol. 38 Issue 2, p121-136. 16pSubject(s): Online resources: Summary: The article presents a case study on problems of Thai Petrochemical Industry PLC (TPI). It states that financial crises faced by Asian countries affected the petrochemical industry and loss of liquidity within the financial system of Thailand. It mentions that due to financial crisis the company borrowed a lot in 1996 and 1997. It highlights that it took three years for its creditors and debtors to come up with a restructuring plan.
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The article presents a case study on problems of Thai Petrochemical Industry PLC (TPI). It states that financial crises faced by Asian countries affected the petrochemical industry and loss of liquidity within the financial system of Thailand. It mentions that due to financial crisis the company borrowed a lot in 1996 and 1997. It highlights that it took three years for its creditors and debtors to come up with a restructuring plan.

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