Value of Shareholders in The Turnaround Process: A Signaling Theory Perspective
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How to Cite

Dibrell, C., Francis, J., & Van Ness, R. (1998). Value of Shareholders in The Turnaround Process: A Signaling Theory Perspective. Journal of Business Strategies, 15(1), 58–72. https://doi.org/10.54155/jbs.15.1.58-72

Abstract

This paper provides an exploratory examination of market reaction to announcements of turnaround strategies from firms involved in the turnaround process. The findings of this paper suggest the market reacts positively to announced turnaround strategies. Interestingly, nonturnaround firms posted higher positive abnormal returns than firms that eventually were able to successfully complete a turnaround.

https://doi.org/10.54155/jbs.15.1.58-72
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