Fadelie, Jason and Lingga, Margaretha (2019) Restructuring Strategies on Corporate Turnaround: Manufacturing Sector in Indonesia 2008-2017. Bachelor thesis, Swiss German University.

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Abstract

Over the years, manufacturing sector in Indonesia act as the biggest contributor towards the Gross Domestic Product. However, the manufacturing sector should be prepared for the worst possibilites which is a corporate financial distress. If the companies does not use the right strategy, it will bring them to the ultimate outcome which is bankruptcy. The purpose of this research is to find out which restructuring strategies that could be used by companies to overcome financial distress. Logistic regression model analysis is conducted in the research. The independent variable is the restructuring strategies and the dependent variable is corporate turnaround. Altman Z-score will be used to determine the turnaround status of the dependent variable. All data was taken from manufacturing company that listed in Indonesia Stock Exchange from 2008 – 2017. The result shows that in the early restructuring period, most companies use dividend policy, cost efficiency and asset restructuring and in the late restructuring period is debt restructuring. This research suggest that top level management cut dividend payment, to minimize the cost and to reducing the asset of the companies in the early period. After that, they can start to reducing their debt in the late period.

Item Type:	Thesis (Bachelor)
Uncontrolled Keywords:	Managerial Restructuring ; Operational Restructuring ; Financial Restructuring ; Asset Restructuring ; Corporate Turnaround
Subjects:	H Social Sciences > HF Commerce > HF5001 Business H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.
Divisions:	Faculty of Business Administration and Communication > Department of Business Administration
Depositing User:	Adityatama Ratangga
Date Deposited:	18 May 2020 02:11
Last Modified:	18 May 2020 02:11
URI:	http://repository.sgu.ac.id/id/eprint/321

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