Title page for ETD etd-05152011-110041


Document Type Master's Dissertation
Author Makgeta, Malose
URN etd-05152011-110041
Document Title Turnaround determinants of distressed firms funded by industrial development corporation
Degree MBA
Department Gordon Institute of Business Science
Supervisor
Advisor Name Title
Ms L Sing Supervisor
Keywords
  • turnarounds
  • financial distress
  • restructuring
Date 2010-12-13
Availability unrestricted
Abstract

The study examines six factors identified by previous studies as having the potential to influence the outcome of turnarounds of firms. The six factors identified are efficiency strategy, severity, free assets, size, changes on the top management and black economic empowerment (BEE). This study is based on the propositions that the identified factors will influence the turnaround outcomes of the firms that were restructured by the Industrial Development Corporation.

A sample of 78 firms was obtained for the study. The sample consisted of 46 successful turnaround and 31 failed turnaround. Logistic regression was used to test the sample.

A significant finding of this study is that BEE is the only factor that has a positive influence on the outcome of the turnaround. This study is of use in identifying factors are useful to take into account when considering turning around a firm. The results of the study differ with most of the literature reviewed.

Copyright 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria

Please cite as follows:

Makgeta, M 2010, Turnaround determinants of distressed firms funded by industrial development corporation, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-05152011-110041/>

F11/236/ag

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