Contextual perspectives of turnaround in Malaysian firms

Abstract

There is limited research on turnaround in the Asian context, particularly from a contextual perspective. This article reports the findings of an exploratory study of turnaround strategies and management at the level of the firm in Malaysia using a case study approach. The contextual impact along dimensions such as different ethnic/cultural background, ownership types and role of government has been examined in seven case studies of Malaysian firms. The findings reveal some differences among the firms, as well as turnaround characteristics similar to those reported in recent literature on East Asian versus western turnaround. These findings are discussed and propositions for future research made.