The Management of Economic Decline and the Dimension of Organizational Change

Mihaela Onofrei () and Dan Lupu ()
Additional contact information
Mihaela Onofrei: Alexandru Ioan Cuza University, Iasi, Romania

The AMFITEATRU ECONOMIC journal, 2012, vol. 14, issue 32, 470-484

Abstract: In the current climate, more and more companies are faced with multiple failures, which are the basic problem that crisis management must resolve. In situations of economic decline, the need for change at the organizational level is imperative to facilitate the recovery of a company. This study aims to identify methods of corporate restructuring, which would be to adopt could be adopted by Romanian companies in a time of crisis, to ensure business sustainability. The research methodology has a theoretical and an empirical component and it is based on statistical methods that facilitated a quantitative approach, using a sample of 82 companies listed on Bucharest Stock Exchange, all of them being declared insolvent between 2000 and 2010. The research results have contributed to the classification of companies, both by generating causes of insolvency and by restructuring methods.

Keywords: organizational change; restructuring; businesses sustainability; insolvency (search for similar items in EconPapers)
JEL-codes: G33 G34 M10 M14 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.amfiteatrueconomic.ro/temp/Article_1137.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:14:y:2012:i:32:p:470-484

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().