Corporate Restructuring and Firm Value: Review of Evidence
Dr. Danson Musyoki, Florence Wamuyu
Corporate restructuring is a key area in strategic management, finance and organizational theory. Although various fields have contributed to the literature, numerous restructurings have failed in practice, which has resulted in vast criticism of the process. Results from empirical performance investigations of restructurings reveal adverse spectrum of conclusions. While some companies have been very successful in their restructuring efforts, others have destroyed shareholder value. This paper reviewed this evidence concluding that corporate restructuring and firm value is yearning for more research as a result of inconclusive and mixed results of the empirical studies.
Full Text: PDF