An exploratory study of turnaround in Chinese and Malay firms in the Malaysian context

While research on turnaround in the Asian context is a recent phenomenon, there is little research on firms of different cultural and ethnic background within Asian countries. This paper reports the findings of an exploratory study on the impact of different ethnic background, ownership types and role of government on corporate recovery and turnaround using case studies of a Chinese and a Malay firm in Malaysia. The findings reveal turnaround characteristics similar to those reported in recent literature on Asian turnaround as well as differences between the Chinese and Malay firm. These findings are discussed and implications for future research indicated.