Crisis and Turnaround in German Medium-Sized Enterprises

An Integrated Empirical Study
1. Auflage 2017
ISBN: 978-3-658-16385-3
Verlag: Springer

Buch, Englisch, 403 Seiten, Book, Format (B × H): 148 mm x 210 mm, Gewicht: 5494 g

Reihe: Familienunternehmen und KMU

Thomas Wittig aims at gaining additional insights into the crisis and turnaround process of SMEs, investigating both, the turnaround success and the impact of turnaround on the family role in family firms. Based on a specifically developed integrated conceptual turnaround model, the author collected a sample of 209 turnaround cases of German medium-sized companies from restructuring experts working for German banks. Employing a variety of carefully selected statistical analyses he identifies key factors for turnaround success and finds specific archetypes of crises and turnaround. The study concludes with an analysis of the impact of a successful turnaround on the family firms within his sample. Based on the study’s insights he provides both, recommendations for future research and a set of practical implications for all relevant stakeholders of a turnaround situation.

Zielgruppe

Research

Autoren/Hrsg.

Wittig, Thomas

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Unternehmensrestrukturierung, Insolvenz
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung
• Wirtschaftswissenschaften Betriebswirtschaft Organisationstheorie, Organisationssoziologie, Organisationspsychologie
• Wirtschaftswissenschaften Betriebswirtschaft Management Strategisches Management

Inhaltsverzeichnis

Model of Crisis and Turnaround.- Analysis of the Turnaround Performance.- Archetypes of Crisis and Archetypes of Turnaround.- Impact of Turnaround on Family Ownership and Control.

Über Autor(innen)

Dr. Thomas Wittig wrote his dissertation under the supervision of Prof. Dr. Andreas Hack at the Witten Institute for Family Business (WIFU) at Witten/Herdecke University.