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Stakeholders' Impact on Turnaround Performance: The Case of German Savings Banks

Decker, Carolin (2018). Stakeholders' Impact on Turnaround Performance: The Case of German Savings Banks. Journal of Small Business Management, 56(4) pp. 534–554.

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DOI (Digital Object Identifier) Link: https://doi.org/10.1111/jsbm.12274
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Abstract

This study explores how savings banks as powerful stakeholders of SMEs in Germany assess turn-around performance. It tests the impact of the support provided by German savings banks and distressed SMEs’ actions with survey data from corporate advisors. The results show that structural and continuing support foster turnaround performance. This support is conducive in the initial stage of turnaround but negligible in the recovery stage. Contributing to stakeholder theory and turnaround management, the findings shed light on the factors that motivate a selected stakeholder’s involvement and SMEs’ ability to engage in actions fostering this stakeholder’s support for a turnaround.

Item Type: Journal Item
Copyright Holders: 2016 International Council for Small Business
ISSN: 1540-627X
Keywords: turnaround performance; stakeholder perspective; savings banks; small- and medium-sized enterprises (SMEs); support; recovery
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Public Leadership and Social Enterprise
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 54455
Depositing User: Carolin Decker-Lange
Date Deposited: 17 Apr 2018 10:22
Last Modified: 04 Jun 2019 02:01
URI: http://oro.open.ac.uk/id/eprint/54455
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