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2023/2024  BA-BINBV2303U  Corporate Restructuring and Transformation

English Title
Corporate Restructuring and Transformation

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Quarter
Start time of the course Second Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 56
Study board
Study Board for BSc in International Business
Course coordinator
  • Nikolaos Kavadis - Department of Accounting (AA)
Main academic disciplines
  • Finance
  • International political economy
  • Strategy
Teaching methods
  • Face-to-face teaching
Last updated on 25-01-2023

Relevant links

Learning objectives
(1) Learn the tools that firms dispose to reorganize a company in its financial, organizational, and strategic portfolio dimensions.

(2) Critically assess leadership, leadership communication, and leadership change as mechanisms to successfully implement corporate turnarounds.

(3) Understand the causes and consequences of different types of corporate change, and the role of differences in economic, legal, cultural contexts in which corporate change or turnarounds are taking place.
Corporate Restructuring and Transformation:
Exam ECTS 7,5
Examination form Oral exam
Individual or group exam Individual exam
Duration 15 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time No preparation
Grading scale 7-point grading scale
Examiner(s) Internal examiner and second internal examiner
Exam period Winter and Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content, structure and pedagogical approach

Companies, both domestic and multinational, compete in environments of ever-increasing complexity and unpredictability, as recent evolutions testify, from urgencies to adapt to climate change, to pandemic and geopolitical crises. Pressures to adapt and manage non-market stakeholders and cater to their demands does not make the task easier. This context often exposes companies to risks of financial distress and renders necessary the reconfiguration or even transformation of strategic portfolio and financial activities, as well as value chains, for firms to remain competitive. Management, the board, owners, and outside professionals are continuously engaged in preventive action or in action to avoid further deterioration, and restructure, transform and turn the business around to restore its profit-making capacity.


The course will examine the opportunities for transformational change emanating from economic/financial pressures, while considering the role of environmental and societal pressures. The overarching question to be addressed throughout the course is how do owners, boards, and senior management teams effectively change/transform an organization in response to often-dramatic changes in circumstances? As such, the course focuses on all aspects of corporate turnarounds – from the early stages of recognizing potentially company-threatening problems, to diagnosing and implementing appropriate corrective market/financial/organizational/legal solutions to such problems. The course will also focus on the important role of communication and leadership in effecting corporate turnarounds; the role of leadership in creating a transformational opportunity resulting from a crisis context.


The course is multidisciplinary, drawing on several of the core business disciplines, and providing an opportunity to apply them to organizations during major transitions. Students may come into this course in view of integrating various business disciplines – applying both quantitative and qualitative tools drawn from accounting, corporate finance (e.g., cash flow modeling, debt restructuring), corporate strategy, management, leadership, and communication.


Financial and organizational aspects of transformation will be explored through a variety of teaching methods, including lecturing, case studies, academic and practitioner readings, and class discussion. Further detailed information on course content and structure, pedagogical approach, and assessment will be provided through a course outline.

Description of the teaching methods
The teaching methods employed are lectures based on scientific research results, cases, class discussions and debates, and assignments.
Feedback during the teaching period
The students are expected to attend and participate during the course sessions, engaging in question-led discussions. Students are also expected to engage in assignments of various forms throughout the course involving in-class presentations. At every session and for every form of activity, whether lecturing or any other form of pedagogical activity, students will have the possibility to ask for feedback from the professor.
Student workload
Teaching 38 hours
Preparation 170 hours
Last updated on 25-01-2023