Turnaround, Decline, and Strategic Posture of SME: Empirical Evidence
Graça Oliveira Saraiva,
João J. Ferreira,
Maria-Ceu Alves
Abstract:This study evaluates how the environment, the strategic posture, and the organizational structure contribute to the decline and performance of small- and medium-sized enterprises (SME). Based on a sample of SME and through recourse to Altman’s Z-score model, we evaluate the situation of companies that declare they are facing difficulties in conjunction with their financial performance. The results demonstrate that a strategic entrepreneurial posture and an organic organizational structure, characterized by dyn… Show more
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