Öz
There are various alternatives which firms may use to overcome their financial problems. One of these alternatives is financial restructuring. Financial restructuring can be evaluated in two different dimensions. As one of these dimensions is concerned about reorganizig the firm’s capital, the other dimension takes a different persrective to firms’ liabilities and requires drawing benefits from concept of financial leverage. In this respect, financial restructuring reflects a radical strategy that firms use to incerease performance and competitiveness.
Anahtar Kelimeler
Kaynakça
- AKKAYA G.C., İÇERLİ Y. (2002) “Firmaların Karşılaştıkları Mali Sıkıntıların Aşılmasında Kullanılan Stratejik Bir Araç: Finansal Yeniden Yapılanma”, Muhasebe ve Denetime Bakış Dergisi, Kasım Sayısı.
- DONALDSON G., (1994), Corporate Restructuring, Managing The Change Process From Within, Harward Business School Press
- GIBBS, P.A., (1993), “Determinants of Corporate Restructuring: The Relative Importance of Corporate Governance, Takeover Threat, and Free Cash Flow”, Strategic Management Journal, 14,51-68
- HANNA D., LAWSON S., (1999), World Bank Series, September/October.
- HOSKISSON R.E., TURK T. A., (1990), “Corporate Restructuring: Governance and Control Limits on the Internal Market”, Academy of Management Review, 15,459-477
- HURRY D., (1993), Restructuring in the Global Economy, The Consequences of Strategic Linkages Between Japanese and United States Firms, Strategic Management Journal, Vol.14, 69-82
- KESTER C., FRUHAN W., PIPER T., RUBACK R.., (1997), Case Problems In Finance, Eleventh Edition, The McGraw Hill
- KRIER D., (2001), Speculative Management: Corporate Restructuring and the American Stock Market 1984-1997,
- MCTAGGART J.M., (1990), The Impact of Restructuring on Shareholder Value, Corporate Restructuring, A Guide the Creating the Premium, McGraw Hill
- POMERLEANO M., (2005), Corporate Restructuring: Lessons from Experience, World Bank
- ROCK M. L., ROCK R. H., (1990), Corporate Restructuring, A Guide to Creating the Premium, Mc Graw Hill
- TITMAN S., SAFIEDDINE A., (1997), Debt and Corporate Performance: Evidence From Unsuccessful Takeovers, Nber working paper series,
- ZAJAC E. J., KRAATZ M. S., (1993), “A Diametric Forces Model of Strategic Change: Assessing the Antecedents and Consequences of Restructuring in the Higher Education Industry”, Strategic Management Journal, 14.83-102
Öz
Firmaların karşılaştıkları mali sıkıntıları aşabilmesi içim kullanabileceği çeşitli alternatifler bulunmaktadır. Bu alternatiflerden bir tanesi de finansal yeniden yapılanmadır. Finansal yeniden yapılanma genel olarak iki farklı boyutta değerlendirilmektedir. Bu boyutlardan bir tanesini, firma sermayesinin sahipliğinin yeniden düzenlenmesi oluştururken, diğer boyut firma borçlarına yeni bir bakış açısıyla finansal kaldıraçtan yararlanmayı gerektirmektedir. Bu kapsamda finansal yeniden yapılanma firmaların performans ve rekabet güçlerini artırmaya yönelik köklü bir değişim stratejisini yansıtmaktadır.
Anahtar Kelimeler
Finansal Yeniden Yapılanma Hissedar Değeri Yeniden Yapılanma
Kaynakça
- AKKAYA G.C., İÇERLİ Y. (2002) “Firmaların Karşılaştıkları Mali Sıkıntıların Aşılmasında Kullanılan Stratejik Bir Araç: Finansal Yeniden Yapılanma”, Muhasebe ve Denetime Bakış Dergisi, Kasım Sayısı.
- DONALDSON G., (1994), Corporate Restructuring, Managing The Change Process From Within, Harward Business School Press
- GIBBS, P.A., (1993), “Determinants of Corporate Restructuring: The Relative Importance of Corporate Governance, Takeover Threat, and Free Cash Flow”, Strategic Management Journal, 14,51-68
- HANNA D., LAWSON S., (1999), World Bank Series, September/October.
- HOSKISSON R.E., TURK T. A., (1990), “Corporate Restructuring: Governance and Control Limits on the Internal Market”, Academy of Management Review, 15,459-477
- HURRY D., (1993), Restructuring in the Global Economy, The Consequences of Strategic Linkages Between Japanese and United States Firms, Strategic Management Journal, Vol.14, 69-82
- KESTER C., FRUHAN W., PIPER T., RUBACK R.., (1997), Case Problems In Finance, Eleventh Edition, The McGraw Hill
- KRIER D., (2001), Speculative Management: Corporate Restructuring and the American Stock Market 1984-1997,
- MCTAGGART J.M., (1990), The Impact of Restructuring on Shareholder Value, Corporate Restructuring, A Guide the Creating the Premium, McGraw Hill
- POMERLEANO M., (2005), Corporate Restructuring: Lessons from Experience, World Bank
- ROCK M. L., ROCK R. H., (1990), Corporate Restructuring, A Guide to Creating the Premium, Mc Graw Hill
- TITMAN S., SAFIEDDINE A., (1997), Debt and Corporate Performance: Evidence From Unsuccessful Takeovers, Nber working paper series,
- ZAJAC E. J., KRAATZ M. S., (1993), “A Diametric Forces Model of Strategic Change: Assessing the Antecedents and Consequences of Restructuring in the Higher Education Industry”, Strategic Management Journal, 14.83-102
Ayrıntılar
| Diğer ID | JA38FS27GA |
|---|---|
| Bölüm | Makaleler |
| Yazarlar | |
| Yayımlanma Tarihi | 25 Temmuz 2016 |
| Yayımlandığı Sayı | Yıl 2007 Cilt: 22 Sayı: 2 - Cilt: 22 Sayı: 2 |