| Outcome of reorganization |
Outcome |
Dichotomous: successful (i.e. restructuring agreement and company continued) or not successful |
| Risk taking |
Explaining |
Dichotomous: yes (i.e. additional personal (financial) contributions from owner/entrepreneur) or no |
| Innovativeness |
Explaining |
Dichotomous: yes (i.e. innovation in organizational area and/or at product level) or no |
| Proactivity |
Explaining |
Dichotomous: yes (i.e. communication and cooperation with the banks) or no |
| Commitment |
Explaining |
Dichotomous: yes (i.e. reorganization concept) or no |
| Adding new agents |
Explaining |
Dichotomous: yes (i.e. replacing or adding managers) or no |
| Size of firm |
Moderating |
Turnover in classes: turnover (0 – 2 million €, 2 – 10 million €, and 10 – 50 million €) |
| Age of firm |
Moderating |
Dichotomous: young (under 5 years) or older companies (5 years and older) |
| Industry |
Moderating |
Categorial: service, construction/building, trade, manufacturing, and other |