Asia Pacific Journal of Management

, Volume 21, Issue 1, pp 5-24

First online:

Guest Editors' Introduction to Special Issue. Turnaround in Asia: Laying the Foundation for Understanding this Unique Domain

  • David AhlstromAffiliated withDepartment of Management, The Chinese University of Hong Kong
  • , Garry D. BrutonAffiliated withDepartment of Management, Neeley School of Business, Texas Christian University

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Turnaround is a subject that is receiving increasing attention from researchers, managers and consultants. However, the subject has received minimal examination in Asia, with studies usually focusing more on the external environment or macroeconomic issues and less on the management of Asian firms themselves. This lack of examination has persisted despite the Asian economic crisis of the late 1990s, which pushed many firms into significant decline. Thus, this special issue will provide a baseline for examining this topic more closely. This introduction presents ten papers of this special issue of the Asia Pacific Journal of Management on firm turnaround in Asia. This paper also suggests key research questions for future examinations of the topic of firm turnaround in and around Asia.

turnaround strategy institutional theory