Final answer:
Corporate restructuring due to institutional ownership is often aimed at increased efficiency, though it comes with its challenges, including job loss and cultural shifts.
Step-by-step explanation:
Corporate restructuring can be attributed to various factors, including the influence of institutional ownership. The process of restructuring may involve mergers, acquisitions, downsizing, or even a shift in strategic direction. As a result of these changes, restructuring can indeed lead to increased efficiency by eliminating redundancies and streamlining operations, which can enhance overall productivity and potentially lead to increased profitability. However, it's important to note that restructuring also has its downsides. For example, the loss of jobs, potential closure of operations, or shifts in corporate culture can cause stress on employees, and if not managed well, these factors can negate the efficiencies gained. While bankruptcies may occur in some cases, they are often a part of a strategic reorganization under bankruptcy protection rather than a direct result of restructuring efforts initiated by institutional owners.