학술논문
An Exploratory Study of Company Turnaround in Australia and Singapore Following the Asia Crisis
Document Type
redif-article
Author
Source
Springer, Asia Pacific Journal of Management. 21(1_2):149-170
Subject
Language
English
Abstract
There has been little research into company turnaround practices in Asia. This paper investigates the role of retrenchment, replacement of chairman or chief executive and ownership change in the turnaround process, using a sample of 60 listed companies in Australia and Singapore. Conclusions are drawn that overall, transparency of the regulatory environment and other governance issues are a stronger influence on turnaround practices than are cultural issues. This may make Singapore, which has transparency and governance risk indicators at similar low levels to Australia, a unique business environment in Asia.