Conclusions

Abstract

Despite the high incidence of corporate failure and over three decades of research effort, the understanding of corporate restructurings is very incomplete. The objective of this study was to empirically advance theory on how organizations respond to organizational decline when undertaking corporate restructurings. This final chapter starts with a discussion of the study's main results and their implications, followed by their theoretical and methodological limitations. The author also provides suggestions for future research and finally presents concluding remarks.