Financial Distress and Corporate Turnaround

Download or read book Financial Distress and Corporate Turnaround written by Martin Schmuck and published by Springer Science & Business Media. This book was released on 2013-11-18 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​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.