Author(s): an Adriaanse and Jean-Pierre van der Rest
Edition: 1
Publisher: New York, N.Y. ; London : Routledge, 2017
Year: 2017
Language: English
Pages: 475
Cover......Page 1
Title......Page 4
Copyright......Page 5
Contents......Page 6
List of Tables and Figures......Page 10
List of Contributors......Page 14
Foreword......Page 24
PART I Historical Perspectives......Page 26
1 The History of Corporate Turnaround Management: Personal Reflections......Page 28
2 Business Rescue, Turnaround Management, and the Legal Regime of Default and Insolvency in Western History (Late Middle Ages to Present Day)......Page 47
PART II Business Failure......Page 68
3 Some Causes of Organizational Decline......Page 70
4 Predicting Business Failure......Page 91
5 A Theoretical Framework for Restructuring......Page 110
6 Valuation in Good Times and Bad......Page 127
PART III Turnaround Management......Page 150
7 Turnaround Planning: Insights From Evolutionary Approaches to the Theory of the Firm......Page 152
8 Turnaround Strategies: Practical Insights From a 47-Year Career......Page 172
9 Why Must Companies Reorganize, and Why Do They Wait So Long? Insights From Practice......Page 194
10 Human Considerations in Turnaround Management: A Practitioner’s View......Page 202
11 The Executioner’s Dilemma: Explaining Role Stress by Ethical Conflict Among Those Who Carry Out a Downsizing Event......Page 221
PART IV Legal Issues and Ethics......Page 244
12 Why Rescue? A Critical Analysis of the Current Approach to Corporate Rescue......Page 246
13 Toward a European Business Rescue Culture......Page 263
14 Effectiveness of Preventive Insolvency Frameworks in the EU......Page 284
15 An Overview of the Pre-Insolvency Procedures in the United Kingdom and South Africa......Page 315
16 The Ethics of State Bankruptcy......Page 332
PART V Industry Perspectives......Page 350
17 Firm Turnarounds in Knowledge-Intensive Industries......Page 352
18 Turning SMEs Around: On Breaking and Making Organizational Paths......Page 371
PART VI Cases and Game......Page 388
19 Back to the Future: The General Motors Restructuring Plan......Page 390
20 Business Failure in the U.S. Restaurant Industry......Page 413
21 Turnaround Workout Game: To Rescue the Uganda Hotel-Casino Group, or Not?......Page 433
Appendix: INSOL International Statement of Principles for a Global Approach to Multicreditor Workouts......Page 441
Epilogue: A Synopsis of the Present and Future of Turnaround Management and Bankruptcy......Page 443
Index......Page 461
