Crisis and Turnaround in German Medium Sized Enterprises An Integrated Empirical Study 1st Edition by Thomas Wittig ISBN 3658163852 978-3658163853

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Product details:

ISBN 10: 3658163852 

ISBN 13: 978-3658163853

Author: Thomas Wittig

 Thomas Wittig aims at gaining additional insights into the crisis and turnaround process of SMEs, investigating both, the turnaround success and the impact of turnaround on the family role in family firms. Based on a specifically developed integrated conceptual turnaround model, the author collected a sample of 209 turnaround cases of German medium-sized companies from restructuring experts working for German banks. Employing a variety of carefully selected statistical analyses he identifies key factors for turnaround success and finds specific archetypes of crises and turnaround. The study concludes with an analysis of the impact of a successful turnaround on the family firms within his sample. Based on the study’s insights he provides both, recommendations for future research and a set of practical implications for all relevant stakeholders of a turnaround situation.

Table of contents: 

1. Introduction

2. Overview of Literature and Applicable Theories

3. Theoretical Framework

4. Conceptual Model

5. Sampling and Descriptive Results

6. Analysis of the Turnaround Performance

7. Archetypes of Crisis and Archetypes of Turnaround

8. Impact of Turnaround on Family Ownership and Control

9. Conclusions

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Tags: Thomas Wittig, Crisis, Turnaround, German Medium Sized Enterprises, Integrated Empirical Study