Essays about: "Yiyou Wang"

Found 1 essay containing the words Yiyou Wang.

  1. 1. Turnaround Strategies and Post-Distress Performance: An Empirical Study of Eurozone

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Yiyou Wang; Yun Zhu; [2019]
    Keywords : Distressed Firms; Turnaround Strategies; Post-Distress; Corporate Restructuring; Z -score;

    Abstract : We extend the study of turnaround plans and distressed securities into the eurozone markets and perform an empirical analysis on relationships between turnaround plans and post-distress performance of distressed firms, using 88 distress cases selected based on Altman's Z''-score. We find that in spite of industry growth influence, the financial restructuring is negatively related to the possibilities of the firm's recovery of Z''-score, operating margin and EBITDA, for which financial contract reconstructing and new financing resource are more responsible. READ MORE