Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | BAR - Brazilian Administration Review |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1807-76922019000400302 |
Resumo: | Abstract We investigate the influence of bankruptcy reorganization plans on the recovery of distressed firms. Using qualitative comparative analysis (QCA), specifically, we perform an in-depth investigation of a set of reorganization plans submitted by publicly traded companies in Brazil. We find that the improvement in firm performance is positively related to a good diagnosis of the factors causing the crisis, a clear definition of the firm’s resources, and a clear identification of the firm’s competitive strengths. We also find that the absence of a good industry analysis is a critical condition for a reorganization plan to fail. However, the explicit mentioning of the firm’s relevant market is negatively associated with the company’s uplifting in crisis. We discuss the theoretical and managerial implications of these findings. |
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Firm Performance and the Strategic Components of Bankruptcy Reorganization Plansbusiness failurereorganization planbankruptcy protectionstrategyAbstract We investigate the influence of bankruptcy reorganization plans on the recovery of distressed firms. Using qualitative comparative analysis (QCA), specifically, we perform an in-depth investigation of a set of reorganization plans submitted by publicly traded companies in Brazil. We find that the improvement in firm performance is positively related to a good diagnosis of the factors causing the crisis, a clear definition of the firm’s resources, and a clear identification of the firm’s competitive strengths. We also find that the absence of a good industry analysis is a critical condition for a reorganization plan to fail. However, the explicit mentioning of the firm’s relevant market is negatively associated with the company’s uplifting in crisis. We discuss the theoretical and managerial implications of these findings.ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração2019-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1807-76922019000400302BAR - Brazilian Administration Review v.16 n.4 2019reponame:BAR - Brazilian Administration Reviewinstname:Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)instacron:ANPAD10.1590/1807-7692bar2019190072info:eu-repo/semantics/openAccessMonteiro,Guilherme Fowler A.Caleman,Silvia Morales de Q.Pongeluppe,Leandro S.eng2020-03-09T00:00:00Zoai:scielo:S1807-76922019000400302Revistahttp://www.scielo.br/scielo.php?script=sci_serial&pid=1807-7692&lng=pt&nrm=isohttps://old.scielo.br/oai/scielo-oai.php||bar@anpad.org.br1807-76921807-7692opendoar:2020-03-09T00:00BAR - Brazilian Administration Review - Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)false |
dc.title.none.fl_str_mv |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans |
title |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans |
spellingShingle |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans Monteiro,Guilherme Fowler A. business failure reorganization plan bankruptcy protection strategy |
title_short |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans |
title_full |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans |
title_fullStr |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans |
title_full_unstemmed |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans |
title_sort |
Firm Performance and the Strategic Components of Bankruptcy Reorganization Plans |
author |
Monteiro,Guilherme Fowler A. |
author_facet |
Monteiro,Guilherme Fowler A. Caleman,Silvia Morales de Q. Pongeluppe,Leandro S. |
author_role |
author |
author2 |
Caleman,Silvia Morales de Q. Pongeluppe,Leandro S. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Monteiro,Guilherme Fowler A. Caleman,Silvia Morales de Q. Pongeluppe,Leandro S. |
dc.subject.por.fl_str_mv |
business failure reorganization plan bankruptcy protection strategy |
topic |
business failure reorganization plan bankruptcy protection strategy |
description |
Abstract We investigate the influence of bankruptcy reorganization plans on the recovery of distressed firms. Using qualitative comparative analysis (QCA), specifically, we perform an in-depth investigation of a set of reorganization plans submitted by publicly traded companies in Brazil. We find that the improvement in firm performance is positively related to a good diagnosis of the factors causing the crisis, a clear definition of the firm’s resources, and a clear identification of the firm’s competitive strengths. We also find that the absence of a good industry analysis is a critical condition for a reorganization plan to fail. However, the explicit mentioning of the firm’s relevant market is negatively associated with the company’s uplifting in crisis. We discuss the theoretical and managerial implications of these findings. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-01-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1807-76922019000400302 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1807-76922019000400302 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/1807-7692bar2019190072 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração |
publisher.none.fl_str_mv |
ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração |
dc.source.none.fl_str_mv |
BAR - Brazilian Administration Review v.16 n.4 2019 reponame:BAR - Brazilian Administration Review instname:Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) instacron:ANPAD |
instname_str |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) |
instacron_str |
ANPAD |
institution |
ANPAD |
reponame_str |
BAR - Brazilian Administration Review |
collection |
BAR - Brazilian Administration Review |
repository.name.fl_str_mv |
BAR - Brazilian Administration Review - Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) |
repository.mail.fl_str_mv |
||bar@anpad.org.br |
_version_ |
1754209124175839232 |