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. Corporate distress and turnaround long have been issues integral to business research. The empirically investigation of Martin Schmuck includes 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. Contents n Financial Distress n Corporate Turnaround n Automotive n Restructuring Target Groups · Lecturers and students of business administration with a focus on strategic management · Practitioners in the automotive industry About the author Martin Schmuck studied business economics at the Catholic University of Eichstätt-Ingolstadt, earned an MBA from Creighton University (USA) and is a CFA charterholder. He received his PhD at the Department of Business Administration Controlling at the Technical University of Munich Front Matter....Pages I-XVI INTRODUCTION AND PROBLEM STATEMENT....Pages 1-16 LITERATURE REVIEW: EARLIER RESEARCH AND STATUS OF THE AREA....Pages 17-26 RESEARCH FOUNDATIONS: THEORETICAL FRAMEWORK AND HYPOTHESIS....Pages 27-59 SAMPLE SELECTION AND ANALYTICAL METHODS....Pages 61-82 EMPIRICAL RESULTS: DISCUSSION AND ANALYSIS....Pages 83-123 CONCLUSION....Pages 125-131 Back Matter....Pages 133-166