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Corporate Turnaround – Biproraf Case Study

In: ENTERPRISES IN UNSTABLE ECONOMY

Author

Listed:
  • Piotr Bieniasz-Krzywiec

    (Automatic Systems Engineering Sp. Z o.o., Poland)

Abstract

Corporate turnaround situation refers to the point where financial and non financial performance of a company indicates that it will fail in a foreseeable future unless corrective action is taken. The available academic literature provides number of methods of spotting symptoms and causes of corporate decline which is overviewed here and confronted with a real life example of the specific turnaround situation. The conducted research indicates that theoretical approach to turnaround can be applied in practice however despite apparent symptoms of corporate decline business leaders very often do not take required corrective action on time. The majority of turnarounds are triggered by new management teams and new owners.

Suggested Citation

  • Piotr Bieniasz-Krzywiec, 2015. "Corporate Turnaround – Biproraf Case Study," GUT FME Conference Publications, in: Blazej Prusak (ed.),ENTERPRISES IN UNSTABLE ECONOMY, chapter 16, pages 211-222, Faculty of Management and Economics, Gdansk University of Technology.
    • Handle: RePEc:gdk:chapte:17
    as

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    References listed on IDEAS

    as
    1. Laurie W. Paint, 1991. "An Investigation Of Industry And Firm Structural Characteristics In Corporate Turnarounds," Journal of Management Studies, Wiley Blackwell, vol. 28(6), pages 623-643, November.
    2. Chowdhury, Shamsud D. & Lang, James R., 1996. "Turnaround in small firms: An assessment of efficiency strategies," Journal of Business Research, Elsevier, vol. 36(2), pages 169-178, June.
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    More about this item

    Keywords

    corporate turnaround; strategic change; corporate decline; restructuring;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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