Furrer, Olivier; Rajendran Pandian, J.; Thomas, Howard - In: Management Decision 45 (2007) 3, pp. 372-392
Purpose – The paper aims to assess the impact of corporate strategy on shareholder value in decline and turnaround situations. Design/methodology/approach – A sample of 45 turnaround firms was selected and matched against a control sample which did not face continuous decline over the time...