Purpose–Against a backdrop of continued weak economic conditions and with many firms
experiencing declining financial performance, this paper presents a synthesis of the …

Both business commentators and scholarly researchers have acknowledged the key role
that top management teams (TMTs) play in reversing the fortunes of failing firms …

Although evidence is equivocal and often contradictory, prospective business founders are
generally advised to develop formal plans of their proposed ventures. Consistent with this …

This paper presents a model proposing that turnaround firms exhibit two classes of response
to decline:(a) decline‐stemming strategies that reverse the dysfunctional consequences of …

We set forth a new theory for understanding the consequences of CEO celebrity. The fulcrum
of our theory is the reality that CEOs attain celebrity because they are cast into specific …

Countering the widely held view that chief executive officer (CEO) succession is generally
beneficial in turnaround situations, we adopt an executive fit/refit logic, proposing that the …

" This book provides critical understandings on the causes of organizational decline, a
comprehensive conception of the turnaround process, and powerful insights for transforming …

abstract Research on turnaround has largely focused on the impact of retrenchment and
repositioning, and has paid less attention to the impact of changes in the task environment …

Purpose–Drawing on variables cited in the turnaround literature, this study aims to explore
whether information contained within annual reports is useful in distinguishing between …

Incumbents typically seek a highly committed and at the same time highly competent child
as a successor, yet such a candidate is often not available. Extant literature is unable to …