Corporate distress and turnaround: integrating the literature and directing future research
Abstract The topic of corporate distress and turnaround has been of interest to organizational change theory for many decades. This article considers existing reviews in discussing the current body of turnaround literature across multiple research fields and structures its work along a holistic fram...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer
2017-01-01
|
| Series: | Business Research |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1007/s40685-016-0041-8 |
| _version_ | 1819136158629625856 |
|---|---|
| author | Lars Schweizer Andreas Nienhaus |
| author_facet | Lars Schweizer Andreas Nienhaus |
| author_sort | Lars Schweizer |
| collection | DOAJ |
| description | Abstract The topic of corporate distress and turnaround has been of interest to organizational change theory for many decades. This article considers existing reviews in discussing the current body of turnaround literature across multiple research fields and structures its work along a holistic framework. The numerous facets of corporate turnaround, resorting to general corporate restructuring research classifications, are clustered in a more detailed manner than those that merely rely on two commonly employed turnaround dimensions: “retrenchment” and “recovery.” The authors develop an agenda for future research based on this cross-disciplinary literature aggregation by highlighting current gaps and offering potential research questions. The review contributes to the understanding of corporate distress and turnaround by integrating different research streams. Additionally, the work emphasizes the need for further harmonization and operationalization in turnaround success metrics. |
| first_indexed | 2024-12-22T10:30:32Z |
| format | Article |
| id | doaj.art-6cd88bbfce6b435d8bd4caa060bdab36 |
| institution | Directory Open Access Journal |
| issn | 2198-3402 2198-2627 |
| language | English |
| last_indexed | 2024-12-22T10:30:32Z |
| publishDate | 2017-01-01 |
| publisher | Springer |
| record_format | Article |
| series | Business Research |
| spelling | doaj.art-6cd88bbfce6b435d8bd4caa060bdab362022-12-21T18:29:21ZengSpringerBusiness Research2198-34022198-26272017-01-0110134710.1007/s40685-016-0041-8Corporate distress and turnaround: integrating the literature and directing future researchLars Schweizer0Andreas Nienhaus1Goethe-University Frankfurt, UBS-Endowed Professorship for Strategic ManagementGoethe-University Frankfurt, UBS-Endowed Professorship for Strategic ManagementAbstract The topic of corporate distress and turnaround has been of interest to organizational change theory for many decades. This article considers existing reviews in discussing the current body of turnaround literature across multiple research fields and structures its work along a holistic framework. The numerous facets of corporate turnaround, resorting to general corporate restructuring research classifications, are clustered in a more detailed manner than those that merely rely on two commonly employed turnaround dimensions: “retrenchment” and “recovery.” The authors develop an agenda for future research based on this cross-disciplinary literature aggregation by highlighting current gaps and offering potential research questions. The review contributes to the understanding of corporate distress and turnaround by integrating different research streams. Additionally, the work emphasizes the need for further harmonization and operationalization in turnaround success metrics.http://link.springer.com/article/10.1007/s40685-016-0041-8TurnaroundCorporate distressRestructuringBankruptcyCrisisReorganization |
| spellingShingle | Lars Schweizer Andreas Nienhaus Corporate distress and turnaround: integrating the literature and directing future research Business Research Turnaround Corporate distress Restructuring Bankruptcy Crisis Reorganization |
| title | Corporate distress and turnaround: integrating the literature and directing future research |
| title_full | Corporate distress and turnaround: integrating the literature and directing future research |
| title_fullStr | Corporate distress and turnaround: integrating the literature and directing future research |
| title_full_unstemmed | Corporate distress and turnaround: integrating the literature and directing future research |
| title_short | Corporate distress and turnaround: integrating the literature and directing future research |
| title_sort | corporate distress and turnaround integrating the literature and directing future research |
| topic | Turnaround Corporate distress Restructuring Bankruptcy Crisis Reorganization |
| url | http://link.springer.com/article/10.1007/s40685-016-0041-8 |
| work_keys_str_mv | AT larsschweizer corporatedistressandturnaroundintegratingtheliteratureanddirectingfutureresearch AT andreasnienhaus corporatedistressandturnaroundintegratingtheliteratureanddirectingfutureresearch |