Sökning: "Yiyou Wang"
Hittade 1 uppsats innehållade orden Yiyou Wang.
1. Turnaround Strategies and Post-Distress Performance: An Empirical Study of Eurozone
D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : We extend the study of turnaround plans and distressed securities into the eurozone markets and perform an empirical analysis on relationships between turnaround plans and post-distress performance of distressed firms, using 88 distress cases selected based on Altman's Z''-score. We find that in spite of industry growth influence, the financial restructuring is negatively related to the possibilities of the firm's recovery of Z''-score, operating margin and EBITDA, for which financial contract reconstructing and new financing resource are more responsible. LÄS MER