Restructuring, firm performance and control mechanisms

Abstract

Restructurings are the order of the day. Various major companies have just experienced or are in the midst of a major restructuring. This paper presents an overview of the literature on restructuring, firm performance and control mechanisms. To study the phenomena coherently, the concept of an overall restructuring process is presented. Theoretically restructuring has not yet been defined in the framework of the restructuring process formula. Neither have different forms of restructuring found their places within such a structure. Empirically several issues of the process have been studied but on a rather partial basis and mainly in statistical approaches only. Attention for all-inclusive case studies came from Donaldson (1984, 1994). This paper aims at laying the foundation of doing case study research studies with respect to Dutch firms in the 1990s.Corporate Control;Corporate Performance;Organizational Structure;business economics