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Financial distress and corporate turnaround

An Empirical Analysis of the Automotive Supplier Industry

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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. 

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Financial distress and corporate turnaround, Martin Schmuck

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2013
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