Preventing Corporate Turnarounds through an Early Warning System

Ramon Oehninger, Michael J. Kendzia and Felix Scherrer
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Ramon Oehninger: ZHAW School of Management and Law, Switzerland
Michael J. Kendzia: ZHAW School of Management and Law, Switzerland
Felix Scherrer: ZHAW School of Management and Law, Switzerland

International Journal of Management, Knowledge and Learning, 2020, vol. 9, issue 2, 185-205

Abstract: Bankruptcy proceedings of companies have been all but new phenomena in the business world. Latest cases, encompassing Toys R Us, Fred’s, and Sears in the US as well as Thomas Cook and Air Italy in Europe, demonstrate that managers often fail to run their businesses properly. As an alternative in such a case, managers could prevent potential downfalls through knowledge of a successful turnaround management. Learning about the implementation of an early warning system (EWS) might help avoid corporate turnarounds in the first place. Hence, it is crucial to offer managers a pragmatic and solutionoriented approach. That being said, the authors design a specific EWS that might contribute to bypassing corporate turnarounds at an early stage. By doing so, the article aims at disseminating information on better EWS for public corporations.

Keywords: early warning system; turnaround management; financial ratios (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:isv:jouijm:v:9:y:2020:i:2:p:185-205

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