The chapter explains the overall project underlying the book, pointing out many different issues related to rescuing troubled companies. The basic question is the following: is a corporate turnaround always worthwhile? The answer is “not always”, as the viability of any turnaround has to be assessed on the basis of a quantitative analysis of the viable alternatives of action. The reasons why book values in the financial reports of troubled companies may not be true and fair are outlined as well as the consequent reality gap.

Book framework and early reasonings

Galbiati, Paola Elisabetta
2020

Abstract

The chapter explains the overall project underlying the book, pointing out many different issues related to rescuing troubled companies. The basic question is the following: is a corporate turnaround always worthwhile? The answer is “not always”, as the viability of any turnaround has to be assessed on the basis of a quantitative analysis of the viable alternatives of action. The reasons why book values in the financial reports of troubled companies may not be true and fair are outlined as well as the consequent reality gap.
2020
9788838698026
Brugger, Gualtiero; Galbiati, Paola
Corporate turnaround : the Italian perspective
Galbiati, Paola Elisabetta
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4034200
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