IDEAS home Printed from https://ideas.repec.org/a/eme/majpps/02686900510585627.html
   My bibliography  Save this article

Corporate turnaround and financial distress

Author

Listed:
  • Malcolm Smith
  • Christopher Graves

Abstract

Purpose - Drawing on variables cited in the turnaround literature, this study aims to explore whether information contained within annual reports is useful in distinguishing between distressed companies that enact a turnaround and those that fail. Design/methodology/approach - This study develops a discriminant model to identify distressed companies that have turnaround potential. Findings - Analysis of the results reveals that successful turnarounds are associated with the severity of the distressed state, its determinants, with the extent of change in the distressed state since the previous year, and firm size. Originality/value - This article is of use in identifying what information is useful in annual reports.

Suggested Citation

  • Malcolm Smith & Christopher Graves, 2005. "Corporate turnaround and financial distress," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 20(3), pages 304-320, April.
    • Handle: RePEc:eme:majpps:02686900510585627
    DOI: 10.1108/02686900510585627
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/02686900510585627/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/02686900510585627/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/02686900510585627?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:majpps:02686900510585627. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.