Acquisition as a way to achieve strategic goals: A review of the role of corporate governance models in Restructuring processes

Abstract

Changing market conditions significantly affect business and achieve global competitive advantage. In response to changes, companies are taking steps to adapt to the new situation and most often resort to a restructuring strategy, as a mechanism for overcoming challenges. Companies that are adequately constituted can ensure survival in a turbulent business market. Good corporate governance is the basis for timely initiation of restructuring. The subject of research is the impact of corporate governance on restructuring, through the application of the acquisition strategy. Through an analytical approach and a detailed review of the literature, the aim of the paper is to identify the model of business restructuring, as a strategy of corporate governance.