Lee Yi Shin and Eugene Kang

BOTH WRITERS ARE FROM THE DIVISION OF STRATEGY, INTERNATIONAL BUSINESS AND ENTREPRENEURSHIP AT THE NANYANG BUSINESS SCHOOL, NANYANG TECHNOLOGICAL UNIVERSITY, SINGAPORE. LEE YI SHIN IS A GRADUATE STUDENT RESEARCHER AND EUGENE KANG IS AN ASSOCIATE PROFESSOR.

For small-caps on the watch list, turnarounds with limited resources start with consolidation, not expansion, say the writers.
THE BROAD VIEW

Why some SGX small-caps survive the watch list – and others fail

Data from Singapore’s ‘watch-list era’ shows the dos and don’ts of pulling off a successful corporate comeback