En undersökning av företagsrekonstruktion och överlevnad i olika branscher

Abstract

The aim of the study is to deepen the understanding of situations when business restructuring can be used as an an appropriate alternative to bankruptcy. The method used is a quantitative comparison between reconstructions and bankruptcies of financial ratios based on the Altman z-score (2000). Further, the method is complemented by case studies of restructuring plans to identify reasons why companies undertake a company restructuring. The conclusion is that capital turnover and profit margins are more significant than debt ratio when applying for restructuring or bankruptcy. Observed reasons for companies to file for corporate restructuring are accounting errors, bad contracts and macroeconomic factors.