Abstract Over the years, scholars have done a lot of research for firms’ turnaround after a severe recession and produced abundant research works. This paper offers a review on research of turnaround from four aspects: the definition, the background, the strategy and the process of turnaround, and the future research in this field is prospected.
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Received: 06 August 2013
Published: 15 November 2013
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Corresponding Authors:
CAO Xiaochun
E-mail: jsnjcxc@qq.com
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