<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The main objective of this paper is to present problems which get in the way of the implementation of planned structural changes brought about by restructuring. This is a very complex matter and a problem which currently troubles Serbia, considering the large number of enterprises which need to be restructured. As opposed to the practice of most developed countries, and even some transitional countries, with intense restructuring processes, these processes have been rather slow in Serbia. However, restructuring is becoming inevitable for a significant number of domestic enterprises. In some enterprises, restructuring needs to be implemented through the bankruptcy and liquidation procedure since there really are no grounds that support their assistance in the form of subsidies, which will indefinitely prolong their unprofitable operations without any chance for success in the market. Still, enterprises with a chance for success in the market can go a long way with the help of aggressive restructuring. With this in mind, the paper outlines some directions for development of corporate restructuring implementation plans.</p></abstract>

The main objective of this paper is to present problems which get in the way of the implementation of planned structural changes brought about by restructuring. This is a very complex matter and a problem which currently troubles Serbia, considering the large number of enterprises which need to be restructured. As opposed to the practice of most developed countries, and even some transitional countries, with intense restructuring processes, these processes have been rather slow in Serbia. However, restructuring is becoming inevitable for a significant number of domestic enterprises. In some enterprises, restructuring needs to be implemented through the bankruptcy and liquidation procedure since there really are no grounds that support their assistance in the form of subsidies, which will indefinitely prolong their unprofitable operations without any chance for success in the market. Still, enterprises with a chance for success in the market can go a long way with the help of aggressive restructuring. With this in mind, the paper outlines some directions for development of corporate restructuring implementation plans.

The Challenges Of Defining And Implementing Corporate Restructuring Programs

Institute of Economic Sciences, Belgrade, Serbia

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

IZAZOVI DEFINISANJA I SPROVOĐENJA PROGRAMA RESTRUKTURIRANJA PREDUZEĆA

The main objective of this paper is to present problems which get in the way of the implementation of planned structural changes brought about by...

The Challenges Of Defining And Implementing Corporate Restructuring Programs

Published Online: Mar 25, 2015

Page range: 139 - 153

Received: Apr 01, 2014

Accepted: Jun 10, 2014

DOI: https://doi.org/10.1515/ethemes-2014-0010

Keywords
corporate restructuring, change implementation, Serbia

© Ivan Stošić

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Challenges Of Defining And Implementing Corporate Restructuring Programs

Published Online: Mar 25, 2015

Page range: 139 - 153

Received: Apr 01, 2014

Accepted: Jun 10, 2014

DOI: https://doi.org/10.1515/ethemes-2014-0010

Keywordscorporate restructuring, change implementation, Serbia

© Ivan Stošić

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
corporate restructuring, change implementation, Serbia