Universiteit Leiden

nl en

Routledge Companion to Turnaround Management and Bankruptcy

Prof. Jan Adriaanse and Dr. Jean-Pierre van der Rest are currently completing an edited volume on Turnaround Management and Bankruptcy which will be published by Routledge in December 2016. A book written by leading experts in the field of business, law and finance, this edited volume brings together the latest thoughts and developments on turnaround management and business rescue from an academic, management, judiciary and turnaround/insolvency practitioner perspective.

The Companion presents different viewpoints on turnarounds and business rescue. Presenting a state-of-the-art review of failure research, such as on bankruptcy prediction, causes of decline, or distressed asset valuation, it also presents the latest insights from turnaround management research as well as a contemporary insight into law debates on insolvency legislation reform, cross-border judicial issues and insolvency policy effectiveness. In this way, the volume presents a modern, interdisciplinary and scholarly overview of the latest insights, issues and debates in turnaround management and business rescue, from an international perspective.

The Routledge Companion to Turnaround Management and Bankruptcy aims at a wider audience interested in turnarounds and failure, such as faculty and students in the fields of business, strategic management, marketing, economics, law, accountancy, finance, but also at judges, insolvency practitioners, lawyers, accountants and turnaround professionals, as well as the EU and government officials, staff of trade unions and employer’s associations.

Part I: Overview

CHAPTER 1.History of Turnaround Management and Business Rescue

  • Donald Bibeault, first-ever Lifetime Achievement Award winner, Turnaround Management Association

CHAPTER 2.Turnaround Management and the Legal Regime of Default and Insolvency in Western History (late Middle Ages-Present Day)

  • Dave De ruysscher, Vrije Universiteit Brussel.


PART II Business Failure

CHAPTER 3.Causes of Decline

  • William McKinley, Southern Illinois University at Carbondale / University of Zurich

CHAPTER 4.Predicting Business Failure

  • Nico Dewaelheyns, Sofie De Prijcker & Karen Van Den Heuvel, University of Leuven

CHAPTER 5.Why Must Companies Reorganize and Why do they Wait so Long?

  • Kathryn Harrigan, Columbia Business School, Columbia University

CHAPTER 6.A Theoretical Framework for Restructuring

  • Joost De Haas, INSEAD
  • Pieter Klapwijk, Nyenrode Business University

CHAPTER 7.Distressed Asset Valuation

  • Jan Vis, Rotterdam School of Management (RSM), Erasmus University Rotterdam


PART III Turnaround Management

CHAPTER 8.Turnaround Strategies

  • Donald Bibeault, first-ever Lifetime Achievement Award winner, Turnaround Management Association

CHAPTER 9.Turnaround Management in the Context of the Organizational Life Cycle

  • Gianpaolo Abatecola, Vincenzo Uli, University of Rome – Tor Vergata

CHAPTER 10.Human Considerations in Turnaround Management: a practitioner’s view

  • Yuval Bar-Or, John Hopkins Carey Business School, University of Pennsylvania

CHAPTER 11.The Executioner’s Dilemma: explaining role stress by ethical conflict and social embeddedness among those that carry out downsizing

  • Rick Aalbers & Philippos Philippou, Radboud University


PART IV Legal Issues and Ethics

CHAPTER 12.Why Rescue? A Critical Analysis of the Current Approach to Corporate Rescue

  • Paul Omar & David Burdette, Nottingham Trent University

CHAPTER 13.Pre-Insolvency Arrangements: a comparative perspective

  • Alexandra Kastrinou, Nottingham Trent University
  • Lézelle Jacobs, University of the Free State

CHAPTER 14.On the Future of European Business Rescue

  • Gert-Jan Boon, Leiden University
  • Stephan Madaus, Martin-Luther-Universität Halle-Wittenberg

CHAPTER 15.Effectiveness of Preventive Insolvency Frameworks in the EU

  • Mihaela Carpus Carcea, Daria Ciriaci, Carlos Cuerpo, Dimitri Lorenzani & Peter Pontuch, European Commission

CHAPTER 16.The Ethics of State Bankruptcy

  • Jukka Kilpi, University of Helsinki


PART V Industry Perspectives

CHAPTER 17.Turnaround Management in Knowledge Intensive Industries

  • Vincent Barker, University of Kansas
  • Achim Schmitt, Ecole Hôtelière de Lausanne (EHL)

CHAPTER 18. Small Businesses and Turnarounds

  • Jörg Freiling, University of Bremen
  • Hartmut Meyer, Fachhochschule für Ökonomie und Management

CHAPTER 19. Restaurant Failure: an industry perspective

  • H.G. Parsa, Denver University
  • Jean-Pierre van der Rest, Leiden University


PART VI Case & Game (16,000 words)

CHAPTER 20. General Motors Case

  • Jan Adriaanse & Jean-Pierre van der Rest, Leiden University

CHAPTER 21. Holiday Hotel Group Serious Game

  • Jan Adriaanse, Leiden University
  • Arnoud Griffioen, Hotelschool The Hague
  • Jean-Pierre van der Rest, Leiden University


Epilogue: A Synopsis of the Present and Future of Turnaround Management and Bankruptcy (Tim Verdoes, Jean-Pierre van der Rest, Jan Adriaanse, Leiden University)


Routledge Companions in Business, Management and Accounting are prestige reference works providing an overview of a whole subject area or sub-discipline. These books survey the state of the discipline including emerging and cutting edge areas. Providing a comprehensive, up to date, definitive work of reference, Routledge Companions can be cited as an authoritative source on the subject. A key aspect of these Routledge Companions is their international scope and relevance. Edited by an array of highly regarded scholars, these volumes also benefit from teams of contributors which reflect an international range of perspectives.  Individually, Routledge Companions in Business, Management and Accounting provide an impactful one-stop-shop resource for each theme covered. Collectively, they represent a comprehensive learning and research resource for academics and practitioners (http://www.routledge.com/books/series/RCBMA).

This website uses cookies.  More information.