Sebanyak 5 item atau buku ditemukan

Financial Distress and Corporate Turnaround

An Empirical Analysis of the Automotive Supplier Industry

​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.

3.1 Definitions 3.1.1 Financial distress The definition of distress in general and
the selection of a distress criterion have major implications on research results,
particularly in empirical research.156 Definitions of what constitutes good and
poor ...

Financial Distress, Corporate Restructuring and Firm Survival

An Empirical Analysis of German Panel Data

Philipp Jostarndt studies distress-induced changes in ownership and control, success factors in distressed equity infusions, and firms’ choice between in- and out-of-court debt restructurings. In addition, he analyzes the determinants of survival, acquisition, and bankruptcy as alternative paths to exit financial distress. He includes both the firm perspective as well as the market valuations of the undertaken restructurings and, where applicable, relates the findings to the microstructure of Germany’s revised bankruptcy legislation.

the resulting industry distribution of firms in the distress sample broadly
corresponds with the overall distribution of industries in the universe. The
industry distributions of the distress sample and the underlying WORLDSCOPE
universe are ...