Crisis and Turnaround in German Medium-Sized Enterprises

An Integrated Empirical Study

Thomas Wittig (Autor)

Buch | Softcover

XXII, 403 Seiten

2016 | 1st ed. 2017
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-16385-3 (ISBN)

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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.

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.

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.

Erscheinungsdatum	29.11.2016
Reihe/Serie	Familienunternehmen und KMU
Zusatzinfo	XXII, 403 p. 45 illus.
Verlagsort	Wiesbaden
Sprache	englisch
Maße	148 x 210 mm
Gewicht	563 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
Schlagworte	business and management • Business Strategy • Business Strategy/Leadership • credit risk • Entrepreneurship • Family Business • family firms • Family Ownership • organization • Organizational theory and behaviour • SME
ISBN-10	3-658-16385-2 / 3658163852
ISBN-13	978-3-658-16385-3 / 9783658163853
Zustand	Neuware