Slow global economic growth and higher domestic corporate debt are putting pressure on companies’ balance sheets. In addition, greater competition, capacity expansion and large regulatory changes mean that more firms across many industries are facing liquidity and solvency difficulties, according to a report released yesterday by AlixPartners, an international business advisory firm.
As many as 39% of respondents said that slow economic growth in the West would be the top driver for restructurings during the next 12 months. Restructurings and turnarounds are expected to increase most in Japan and South Korea, followed by Greater China, India, Australasia and Southeast Asia.
Japanese and South Korean companies “face...
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