1 Kenan-Flager Business School, University of North Carolina, North Carolina, USA.
2 Harvard Business School, Massachusetts, USA.
3 Department of Financial Studies, National Open University of Nigeria, Lagos, Nigeria.
World Journal of Advanced Research and Reviews, 2025, 28(01), 1713-1727
Article DOI: 10.30574/wjarr.2025.28.1.3579
Received on 12 September 2025; revised on 18 October 2025; accepted on 20 October 2025
The resurgence of financial distress across multiple industries has renewed scholarly and managerial interest in corporate turnaround strategies. Traditional approaches to turnaround focused primarily on operational restructuring and cost control have proven inadequate in a financial landscape characterized by rapid technological change, volatile capital markets, and complex stakeholder dynamics. This review critically examines the role of financial innovation as a strategic enabler of corporate recovery and renewal. Drawing on literature from corporate finance, strategic management, and financial technology, it argues that innovative financial instruments, restructuring mechanisms, and governance models can provide distressed enterprises with the flexibility and resilience needed to restore solvency and competitiveness. The paper synthesizes theoretical and empirical insights to propose an integrative framework for financial innovation driven turnarounds, highlighting implications for managers, investors, and policymakers.
Corporate Finance; Organizational Resilience; Fintech; Crisis Management; Adaptive Governance
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Victoria Porter, Edward Porter and Taoheed T.O. Leveraging financial innovation for corporate turnarounds: A strategic framework for distressed enterprises. World Journal of Advanced Research and Reviews, 2025, 28(01), 1713-1727. Article DOI: https://doi.org/10.30574/wjarr.2025.28.1.3579.
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