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 …