Financial Distress and Corporate Turnaround

Financial Distress and Corporate Turnaround
Author: Martin Schmuck
Publisher: Springer Science & Business Media
Total Pages: 176
Release: 2013-11-18
Genre: Business & Economics
ISBN: 3658019085


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​The work of Martin Schmuck empirically investigates the phenomenon of financial distress and corporate turnaround in the automotive supplier industry. Based on a sample of 194 publicly listed automotive suppliers, the effectiveness of managerial, operational, financial, and asset restructuring activities is analyzed in a multivariate research setting. Archetypes for successful turnarounds are identified and matched with strategies of non-distressed companies.