Stakeholders' Impact on Turnaround Performance: The Case of German Savings Banks

Citations Over TimeTop 10% of 2016 papers

Abstract

This study explores how savings banks as powerful stakeholders of SMEs in Germany assess turnaround 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.

Related Papers

• → The Stakeholder Theory of the Firm: A Methodology to Generate Value Matrix Weights(1992)115 cited
• → Reasoning about Responsibilities: Mining Company Managers on What Stakeholders are Owed(2002)106 cited
• → Confucian Stakeholder Theory: An Exploration(2015)25 cited
• → The Stakeholder Theory of the Firm(1992)28 cited
• Summary of Stakeholder Theory(2009)