Bangkok Airways Limited, started in 1967, is a leading private sector air transport company in Thailand. It is still fully controlled and led by the founder who follows a centralized decision making. The operations of the company are highly capital intensive. It is the only airline, perhaps in...

Purpose – Restructuring strategies are complicated processes and choices are influenced by and interact with the agreements and conflicts of interest among stakeholders. Firms in the emerging economies are characterized by high growth, high leverage, less effective corporate governance and...