全球复兴:私营资产重组公司作为促进印度及其他地区金融稳定的法律催化剂

Megha Jaiwani, Santosh Gopalkrishnan
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引用次数: 0

摘要

目的 本研究旨在超越地域界限,深入探讨印度资产重组公司(ARCs)在管理不良资产方面所采用的创新战略。本研究探讨了印度资产重组公司的起源、演变、面临的挑战和机遇,从而总结出普遍适用的经验教训,为全球投资者和机构寻求管理不良资产的有效战略提供宝贵的蓝本。从法律和合规的角度来看,这开辟了许多视角,有助于堵塞组织和机构在法律范围内的漏洞和灰色地带。设计/方法/途径本研究对现有文献、新闻、讨论以及中央银行网站等可靠来源的公开信息进行了严格审查,以形成观点并提出建议。尽管存在资金、治理问题和监管障碍等制约因素,但对于投资者来说,96 亿卢比的不良资产中蕴藏着巨大的商机。该研究建议银行进行战略评估,强调不良资产回收公司在特定行业中的作用,并呼吁进行监管调整。本研究为制定有弹性的政策、促进跨境合作和优化全球范围内的不良资产管理战略提供了宝贵的指导。原创性/价值本研究通过研究新兴经济体动态中的私营 ARCs 部门,提出了与全球不良资产市场相关的见解,开辟了新的领域。本研究为那些在全球复杂的不良资产市场中摸爬滚打的人提供了独特的资源,其见解可为更广泛的金融领域的战略、政策和学术讨论提供参考。
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Global resurgence: private asset reconstruction companies as legal catalysts for financial stability in India and beyond

Purpose

This study aims to transcend geographical boundaries and provide insights into innovative strategies used by Indian Asset Reconstruction Companies (ARCs) in managing distressed assets. The study examines the origins, evolution, challenges and opportunities faced by ARCs to derive lessons that can be universally applicable and serve as a valuable blueprint for global investors and institutions seeking effective strategies in managing distressed assets. From a legal and compliance angle, this opens up many perspectives that would help plug loopholes and grey zones within the legal ambit for organisations and institutions.

Design/methodology/approach

The study invokes a critical review of existing literature, news, discussions and publicly available information from reliable sources such as the central bank’s websites to develop the viewpoints and provide recommendations.

Findings

ARCs face challenges, recovering only 19.15% of distressed assets in 2022. Despite constraints like funding, governance issues and regulatory hurdles, there is a substantial opportunity for investors in the Rs. 9.6 lakh crore non-performing assets. The study suggests strategic assessments by banks, emphasises ARCs’ roles in specific sectors and calls for regulatory adjustments. With diverse investors and favourable regulations, this evolving landscape offers significant global opportunities for policymakers and investors in distressed assets.

Practical implications

This study serves as a valuable guide for shaping resilient policies, fostering cross-border collaborations and optimising distressed asset management strategies on a global scale.

Originality/value

This study breaks new ground by examining the private ARCs sector within an emerging economy’s dynamics, presenting insights relevant to global distressed markets. This study serves as a unique resource for those navigating the complexities of distressed markets globally, providing insights that can inform strategies, policies and academic discussions in the broader financial landscape.

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来源期刊
CiteScore
3.90
自引率
6.70%
发文量
13
期刊介绍: The International Journal of Law and Management is a leading journal addressing all aspects of regulation and law as they impact on organisational development, operations and leadership. Organisations and their leaders operate in an increasingly complex world of emerging regulation across national and international boundaries. The International Journal of Law and Management seeks to acknowledge the dynamics of that environment and provide a platform for articles and contributions to stimulate scholarly debate in the development of law and practice. The International Journal of Law and Management seeks to present the latest research on policy, practice and theoretical perspectives and their impact on the development and leadership of organisations. Contributions of a multi-disciplinary nature are welcome. Coverage includes, but is not limited to: -Employment and industrial law- Corporate governance and social responsibility- Intellectual property- Corporate law and finance- Insolvency- Commercial law and consumer protection- Environmental law- Taxation- Competition law- Regulatory theory
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