This chapter presents the research findings of this study. In particular, the author presents and discusses the results of the hypotheses derived from the study model. The chapter contains five main sections. In the first section, Model Specification, the key elements and concepts which underlie the Structural Equation Modeling methodology are explained in more detail. In the second section, The Baseline Model, the author explores the relations between the observed and unobserved variables individually. The following section, The Extended Model, expands the baseline model by simultaneously analyzing the relations between observed and unobserved variables. The fourth section, The Complex Model, determines the most important relationships between the model's determinants from different perspectives. The various sections’ analysis and findings will be summarized and reflected in the chapter's final part, Implications.


Baseline Model Growth Strategy Recovery Stage Restructuring Process Total Indirect Effect 
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Copyright information

© Gabler | GWV Fachverlage GmbH 2009

Authors and Affiliations

  • Achim Schmitt

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