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.File in questo prodotto:
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2020_Cover Custom Galbiati Print.pdf
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Allegato per valutazione Bocconi (Attachment for Bocconi evaluation)
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2020_Custom Galbiati.pdf
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Descrizione: indice
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Allegato per valutazione Bocconi (Attachment for Bocconi evaluation)
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