An Empirical Study of Corporate Turnaround Strategies in Australia

Abstract

This research examines a sample of financially distressed ASX listed firms to discover the effectiveness, intensity and timeliness of corporate turnaround strategies. It fills a theoretical gap by adopting an integrated holistic approach, linking research findings to relevant extant theory by coupling its findings w1h the resource based view of the firm and the stage perspective of performance turnaround. Reasons for the relative effectiveness of turnaround strategies are discussed together with implications for management and researchers.