Turnaround in small firms: An assessment of efficiency strategies

Chowdhury, Shamsud D.; Lang, James R.

doi:10.1016/0148-2963(95)00119-0

Cited by 87 publications

(74 citation statements)

References 23 publications

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“…For instance, stretching accounts payable to improve liquidity is positively associated with turnaround (Chowdhury and Lang 1996). Furthermore, dividend cuts are observed as an additional liquidity improvement measure during distress.…”

Section: Liquidity Improvementmentioning

confidence: 97%

“…Moreover, Barker and Duhaime (1997) and Chowdhury and Lang (1996) find an increased likelihood of survival if private firms enter retrenchment phases. However, the synergy between retrenchment and recovery exceeds the effectiveness of solitary retrenchment moves (Schmitt and Raisch 2013).…”

Section: Retrenchmentmentioning

confidence: 99%

“…John et al (1992) and Chowdhury and Lang (1996) state that layoffs are the largest contributors to cost savings during the course of operational restructuring and significantly increase the likelihood of survival. However, downsizing used as an ad hoc measure solely to reduce costs may hinder the full potential of human capital restructuring, regardless of its use as a measure to increase efficiency, or as a turnaround move (Freeman and Cameron 1993).…”

Section: Human Capitalmentioning

confidence: 99%

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Corporate distress and turnaround: integrating the literature and directing future research

Schweizer

Nienhaus

2017

Bus Res

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The topic of corporate distress and turnaround has been of interest to organizational change theory for many decades. This article considers existing reviews in discussing the current body of turnaround literature across multiple research fields and structures its work along a holistic framework. The numerous facets of corporate turnaround, resorting to general corporate restructuring research classifications, are clustered in a more detailed manner than those that merely rely on two commonly employed turnaround dimensions: ''retrenchment'' and ''recovery.'' The authors develop an agenda for future research based on this cross-disciplinary literature aggregation by highlighting current gaps and offering potential research questions. The review contributes to the understanding of corporate distress and turnaround by integrating different research streams. Additionally, the work emphasizes the need for further harmonization and operationalization in turnaround success metrics.

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Section: Liquidity Improvementmentioning

confidence: 97%

Section: Retrenchmentmentioning

confidence: 99%

Section: Human Capitalmentioning

confidence: 99%

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Corporate distress and turnaround: integrating the literature and directing future research

Schweizer

Nienhaus

2017

Bus Res

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“…This measure is widely used in prior research (e.g., Chowdhury & Lang, 1996;Mol & Birkinshaw, 2009) and captures improvements in efficiency either by increasing turnover with the same workforce or realizing the same amount of sales with a smaller workforce.…”

Section: Methodsmentioning

confidence: 99%

Returns to alliance portfolio diversity: The relative effects of partner diversity on firm's innovative performance and productivity

Leeuw

Lokshin

Duysters

2014

Journal of Business Research

143

159

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“…The Amadieau et al (2013) offer strategic and operating categories of approach. The adopting of strategic actions as the geographic diversification, exports markets, private labelling by Pearce and Michael (2006) or a new market share trust, recommended by Chowdhury and Lang (1996), are long term initiatives, instead of the operation actions as are the immediate revenue generation, cost cutting or asset reduction preferred by Pearce and Robbins (1994). And unlike the approach of the authors Grinyer and Mckiernan (1990), Pearce and Robbins (1994) and Baker et.al.…”

mentioning

confidence: 70%

Factors of profitability of the grapes production

Tomšík¹,

Stojanová²,

Sedlo³

et al. 2016

AGR ECON-CZECH

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Th e paper analyses the relationships between the profi tability of viticulture on the one hand and the sugar content and grapes yield in viticulture in the Czech Republic between 1995 and 2014 on the other hand. Th e paper aims to fi nd out which of these has had a greater impact on the viticulture profi tability in the Czech Republic over the last twenty years. One of the frequently debated questions is whether a higher yield of grapes may also bring a high or moderately above average sugar content, and also whether the production for sale is profi table. Th e answer can be achieved either via the micro-appraisal (repeatable and many times conducted experiments) or via the macro-appraisal -collecting average data for the appraised region. For this paper, the macro-appraisal was chosen, i.e. the statistical survey for the Czech Republic between 1995 and 2014. Th e period of 20 years comes from an annual examination conducted by the Association of Winemakers of the Czech Republic on the grapes yields in their members. In the Czech Republic, the price in the grapes market is set depending on the variety of vine and sugar content. It follows from the 20-year statistics of the Association of Winemakers CR, that the profi tability of grapes production for sale is not achieved by the sugar content but by the per hectare yield. Th e yield per hectare should vary between 5.5 and 7 t/ha (tonne per hectare) at the average sugar content of 18.5 to 21 o NM (between 11.0 and 12.5% volume of the potential alcohol). Th e grapes yield of more than 6 t/ha does not increase the profi tability because the price off ered by the purchasing companies decreases.

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Turnaround in small firms: An assessment of efficiency strategies

Cited by 87 publications

References 23 publications

Corporate distress and turnaround: integrating the literature and directing future research

Corporate distress and turnaround: integrating the literature and directing future research

Returns to alliance portfolio diversity: The relative effects of partner diversity on firm's innovative performance and productivity

Factors of profitability of the grapes production

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