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.

DOI: https://doi.org/10.1111/jsbm.12274

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.

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About

• Item ORO ID
• 54455
• Item Type
• Journal Item
• ISSN
• 1540-627X
• Keywords
• turnaround performance; stakeholder perspective; savings banks; small- and medium-sized enterprises (SMEs); support; recovery
• Academic Unit or 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)
• Copyright Holders
• © 2016 International Council for Small Business
• Depositing User
• Carolin Decker-Lange