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Download or read book Powerful Stakeholders and the Management of Corporate Restructuring written by James Thomas McGlinch and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior research on corporate restructuring has often focused on the changes made a firm's asset base, firm boundaries, or asset base, with these changes undertaken to improve the performance of the restructuring firm either through necessity as in bankruptcy related restructurings or out of choice as in divestitures and spinoffs. However, such theory has rarely overlapped with theory on stakeholders, such as employees, customers, suppliers, and local communities that can drive the success or failure of restructuring actions.In this dissertation, I seek to bring stakeholder theory into the realm of corporate restructuring by identifying important areas where stakeholders and firm's responses to their areas of concern can have an impact on the success or failure of corporate restructuring actions. Specifically, Chapter Two seeks to examine how a firm's relationship with its stakeholders can impact the relative attractiveness of strategic restructuring actions to firms in financial distress. Chapter 3, serving as a building block, seeks to examine how a firm's ability to address issues pertinent to specific stakeholders can either contribute to value creation or detract from value creation. Lastly, Chapter four seeks to examine how a firm's disclosure practices during restructuring under circumstances like corporate spinoffs can negate or increase firm value during such transactions.Taken together, these finding help contribute to the literature on corporate restructuring by integrating theory on stakeholder strategy and management with existing theory on corporate restructuring that has yet to focus on the impact such stakeholders can, and will continue, to have.