Stakeholder Value Creation through Business Restructuring: Post Sanctions Evidence from Russian Airlines
Journal: Journal of Corporate Finance Research / Корпоративные Финансы | ISSN 2073-0438
Year: 2023

The study is devoted to evaluating of turnaround strategies used by Russian airlines to overcome negative influence of 2022 crisis caused by sanctions pressure of West regulators in terms of ability to create value both for financial and non-financial stakeholders. To conduct a quantitative analysis of the effectiveness of turnaround strategies, evaluation methods based on traditional accounting indicators were used, as well as VBM indicators that take into account an opportunity cost. A qualita