During economic downturns, firms file for bankruptcy in an effort to attempt a "turnaround". The objective of this … study is to assess the effectiveness of retrenchment strategies in the context of bankruptcy, as the most severe form of … be evaluated carefully when attempting a turnaround. …

The topic of corporate distress and turnaround has been of interest to organizational change theory for many decades …. This article considers existing reviews in discussing the current body of turnaround literature across multiple research … fields and structures its work along a holistic framework. The numerous facets of corporate turnaround, resorting to general …

airlines, the merger is less detrimental to the frequency, possibly because the merger removes serial marginalization in the …We investigate the impacts of five airline mergers on one quality dimension, namely route frequency. We use monthly … decrease the frequency more, possibly due to a larger effect on the market structure. When the merging airlines control all the …

, we evaluate the 2013 merger between Amer- ican Airlines and US Airways. Our results highlight that spillovers in entry …We develop a two-stage game in which competing airlines first choose the networks of markets to serve in the first … model using data from the domestic US airline market and find significant spillovers in entry. In a counterfactual exercise …

preparedness of insolvency systems is measured according to a newly designed indicator that includes five dimensions of the … insolvency and restructuring regime (out-of-court restructuring, hybrid restructuring, reorganization, liquidation, and the … those countries need to step up efforts to improve their insolvency systems …

The Reform of the Bankruptcy Act carried out in Italy in 2005-2007 introduced two forms of workout agreements (out …

influenced the real insolvency situation. This situation creates disruptive conditions in insolvency counselling and requires … comprehensive risk management for the strategic safeguarding of internal processes in insolvency counselling companies. Despite a … number of academic articles that address a lack of risk awareness in insolvency counselling, there have been no valid …