Reversing a Performance Slide: When Does Cutting Costs or Dumping Assets Help Firms Most?
探讨企业如何通过重组逆转业绩下滑，指出成功取决于重组活动是否与行业生命周期阶段匹配，错误选择可能加剧业绩恶化。
The article presents a commentary on corporate restructuring practices to reverse performance slides. The author contends that the success of restructuring appears to depend on whether the specific activities involved are matched with the life-cycle stage of the firm's industry. He says choosing incorrectly could further degrade a company's performance. A common restructuring strategy is retrenchment, the steps a firm takes to withdraw from all or part of a business. Research has shown that asset and cost retrenchment differs significantly in terms of their effect on firm performance.