Financial Distress And Corporate Turnaround

Author : Martin Schmuck
Publisher : Springer Science & Business Media
Page : 176 pages
File Size : 55,7 Mb
Release : 2013-11-18
Category : Business & Economics
ISBN : 9783658019082

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Financial Distress and Corporate Turnaround by Martin Schmuck Pdf

​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.

Author : Jeff Sands
Publisher : John Wiley & Sons
Page : 341 pages
File Size : 44,8 Mb
Release : 2020-02-19
Category : Business & Economics
ISBN : 9781119539988

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Corporate Turnaround Artistry by Jeff Sands Pdf

How to steer your business through times of financial distress and achieve sustained profitability Corporate Turnaround Artistry is a complete guide for entrepreneurial companies in times of financial distress—presenting effective strategies and proven methods to revive and rehabilitate your business. Uncertain economic times have significantly altered the financial resources available to struggling businesses. Narrowing margins and mounting internal and external pressure has taken their toll on many companies. Fortunately, most businesses can be repaired while maintaining their existing revenue structure. Offering practical steps that go beyond simple cost-cutting and sales-building advice, this invaluable guide teaches you how to control cash, secure financial relief, and develop a comprehensive turnaround plan that your employees, customers, and creditors will support. Business leaders and entrepreneurs often fall into the trap of assuming new debt when tough times strike. Author and Certified Turnaround Practitioner Jeff Sands shows that to many struggling businesses, more money is no longer the answer to the problem. Expert advice on topics including cashflow stabilization, short and long-term profit sustainability, lean management techniques, and more, provides the framework to timely and efficient corporate turnaround. From identifying the initial cash crisis to meeting with creditors and developing a plan, this essential resource will help you: Stabilize your financial liabilities and re-structure your debt Implement effective turnaround strategies without significant changes to your corporate structure Preserve the positions of your current employees and their community Give yourself a fresh start with a lean and agile business Thousands of businesses fall into financial stress every year—oftentimes in sudden and dramatic fashion—leaving CEOs and owners asking the question “How do I save my business”? Corporate Turnaround Artistry: Fix Any Business in 100 Days provides the answer.

Author : James B. Shein
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 48,9 Mb
Release : 2011-02-10
Category : Business & Economics
ISBN : 9781118008478

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Reversing the Slide by James B. Shein Pdf

A just-in-time guide for revamping distressed companies Drawn from the author's decades of experience advising, purchasing, and reviving distressed companies across industries, geographies, and sizes, Reversing the Slide is designed to help executives, managers, and employees revitalize downtrodden companies. It shows how to: select the tactics appropriate for each stage of distress; understand the use of entrepreneurial concepts; avoid pitfalls common to turnarounds; determine the legal, financial, strategic, and operational steps in the process; discover why the principal of "ready, fire, aim" should guide the decision-making process in situations with time pressure and significant uncertainty; and uncover the secrets of effective leadership and governance. Contains step-by-step instructions for helping troubled organizations bounce back with vigor Often quoted in the Wall Street Journal, the author is an authority on restructuring and downsizing Offers a handbook for implementing a successful corporate turnaround James Shein's Reversing the Slide is full of insightful advice on what works, what does not, and why it will prove invaluable to executives, managers, and employees in helping troubled companies before it's too late.

Author : Alberto Tron
Publisher : Emerald Group Publishing
Page : 129 pages
File Size : 50,7 Mb
Release : 2021-01-21
Category : Business & Economics
ISBN : 9781839829826

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Corporate Financial Distress by Alberto Tron Pdf

Financial distress and crises for businesses can be used to implement substantial organizational changes and turnaround the damage done to achieve financial equilibrium in the short term and financial stability in the long term. Plans, methodology and tools are provided here to examine how this turnaround can be achieved.

Author : Alberto Tron
Publisher : Emerald Group Publishing
Page : 240 pages
File Size : 42,5 Mb
Release : 2021-01-21
Category : Business & Economics
ISBN : 9781839829802

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Corporate Financial Distress by Alberto Tron Pdf

Financial distress and crises for businesses can be used to implement substantial organizational changes and turnaround the damage done to achieve financial equilibrium in the short term and financial stability in the long term. Plans, methodology and tools are provided here to examine how this turnaround can be achieved.

Author : Edward I. Altman,Edith Hotchkiss
Publisher : John Wiley & Sons
Page : 314 pages
File Size : 40,8 Mb
Release : 2010-03-11
Category : Business & Economics
ISBN : 9781118046043

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Corporate Financial Distress and Bankruptcy by Edward I. Altman,Edith Hotchkiss Pdf

A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more.

Author : Michael Teng
Publisher : Createspace Independent Publishing Platform
Page : 100 pages
File Size : 47,6 Mb
Release : 2014-07-28
Category : Business & Economics
ISBN : 1500662844

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Buying and Selling of Distressed Companies by Michael Teng Pdf

Why would anyone want to invest in a company that has declared or is near bankruptcy? Most people would not want to touch such a stock but there are many who specialize in this very field.Distressed securities are the securities such as stocks, bonds, other financial claims of a company that is close to or has reached financial distress. If a company has filed for bankruptcy, it is under financial distress. This category also includes bank debt and non-performing loans. They fail to make regular interest or principal payments, and they trade at yields higher than those of similar dated Treasuries. Who would want to invest here? Once their financial distress becomes evident, there is lot of panic selling and these then trade at deep discounts. At this stage, they present an attractive opportunity to anyone who has analysed their true worth. In recent years, private firms such as hedge funds, private equity firms have been among the largest buyers of distressed securities. They hold the securities until they have appreciated, and then sell them. This book examines the fundamental issues in relating to buying and selling of distressed companies. It is a sequel to the first highly successful book by the same author: Fundamentals of buying and selling companies.

Author : Edward I. Altman,Edith Hotchkiss,Wei Wang
Publisher : John Wiley & Sons
Page : 374 pages
File Size : 50,6 Mb
Release : 2019-03-26
Category : Business & Economics
ISBN : 9781119481805

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Corporate Financial Distress, Restructuring, and Bankruptcy by Edward I. Altman,Edith Hotchkiss,Wei Wang Pdf

A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

Author : Stuart Slatter,David Lovett,Laura Barlow
Publisher : Wiley + ORM
Page : 278 pages
File Size : 43,9 Mb
Release : 2011-01-19
Category : Business & Economics
ISBN : 9781119995296

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Leading Corporate Turnaround by Stuart Slatter,David Lovett,Laura Barlow Pdf

Leadership is never more crucial than when corporate survival is at stake. But the days of the tough guys are over. The leaders who are driving todays sustainable turnarounds understand that the answers to a distressed companys problems lie almost always within the firm itself usually at middle manager level and below. The secret is cooperation. Drawing on interviews with top company doctors and advisers, as well as on the authors own experience, Leading Corporate Turnarounds explores seven key leadership and management skills required for successful turnaround, and shows why quickly gaining the buy-in and trust of all stakeholders is the key to ultimate success. Written by the founding directors of the Society of Turnaround Professionals (STP), with a proposed Foreword by the Societys Patron Sir John Harvey-Jones Considers the different drivers of turnaround, the alternatives to it, and the restructuring processes required to move beyond crisis stabilization to sustainable change Features international case studies from leading companies including BT, Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper, New Look and IBM

Author : Stuart Slatter
Publisher : John Wiley & Sons
Page : 261 pages
File Size : 54,8 Mb
Release : 2006-02-03
Category : Business & Economics
ISBN : 9780470025598

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Leading Corporate Turnaround by Stuart Slatter Pdf

Leadership is never more crucial than when corporate survival is at stake. But the days of the tough guys are over. The leaders who are driving today’s sustainable turnarounds understand that the answers to a distressed company’s problems lie almost always within the firm itself – usually at middle manager level and below. The secret is cooperation. Drawing on interviews with top company doctors and advisers, as well as on the authors’ own experience, Leading Corporate Turnarounds explores seven key leadership and management skills required for successful turnaround, and shows why quickly gaining the buy-in and trust of all stakeholders is the key to ultimate success. Written by the founding directors of the Society of Turnaround Professionals (STP), with a proposed Foreword by the Society’s Patron Sir John Harvey-Jones Considers the different drivers of turnaround, the alternatives to it, and the restructuring processes required to move beyond crisis stabilization to sustainable change Features international case studies from leading companies including BT, Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper, New Look and IBM

Author : Stuart Slatter,David Lovett
Publisher : Penguin UK
Page : 284 pages
File Size : 51,8 Mb
Release : 1999-03-25
Category : Business & Economics
ISBN : 9780140279122

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Corporate Turnaround by Stuart Slatter,David Lovett Pdf

When firms are on the brink of failure, only turnaround management can restore performance and profitability. The key is to provide stability and create cash (and a breathing space) for building long-term success. This fully revised edition provides practical advice on restoring confidence through effective leadership and planning. It highlights the importance of communication with stakeholders, staff, customers and suppliers, and how best to structure the capital base of an organization in order to fund recovery and future growth. Essential reading for chief executives, consultants and merchant bankers (as well as investors tracking the progress of ailing businesses), this book offers a definitive set of tools and techniques.

Author : Edward I. Altman,Edith Hotchkiss,Wei Wang
Publisher : John Wiley & Sons
Page : 368 pages
File Size : 41,6 Mb
Release : 2019-02-27
Category : Business & Economics
ISBN : 9781119481812

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Corporate Financial Distress, Restructuring, and Bankruptcy by Edward I. Altman,Edith Hotchkiss,Wei Wang Pdf

A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

Author : Ram Avtar Yadav
Publisher : Concept Publishing Company
Page : 202 pages
File Size : 53,7 Mb
Release : 1992
Category : Industrial management
ISBN : 8170224195

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Managing Corporate Turnaround by Ram Avtar Yadav Pdf

Study with reference to India.

Author : Salvatore Ferri,Federica Ricci
Publisher : Springer Nature
Page : 142 pages
File Size : 51,6 Mb
Release : 2021-02-23
Category : Business & Economics
ISBN : 9783030657529

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Financial Strategies for Distressed Companies by Salvatore Ferri,Federica Ricci Pdf

The financial markets have undergone a significant development process, both qualitatively and quantitatively, and partly induced by major pushes for globalization and deregulation. In this context, finance has taken on an increasingly central role for companies and is now on par with production and sales, which have always been the cornerstones of business management. The effects of these structural and functional changes are not limited to the way companies operate, but also imply a change in corporate cultures; one consequence of this phenomenon is the large percentage of managers from the world of finance at the top tiers of corporate organizations. Moreover, environmental turbulence has forced companies to increasingly face negative situations characterized by economic and financial imbalances that may require far-reaching strategic changes. The purpose of this book, therefore, is to investigate the possible financial strategies that companies in distress can adopt; in this regard, it approaches financial strategies as opportunities to resolve and prevent difficult situations for the company. After having systematized the financial strategies and policies used in the governance of companies, the book analyzes both crises and turnaround processes, describing the path until the financial balance is restored. Finally, the authors analyze essential tools for the financial management of companies in trouble, focusing in particular on operational tools for managing the crisis, the recovery plan, and its monitoring.

Author : Donald B. Bibeault
Publisher : Beard Books
Page : 432 pages
File Size : 47,6 Mb
Release : 1998
Category : Business & Economics
ISBN : 1893122026

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Corporate Turnaround by Donald B. Bibeault Pdf