Abstract
Financial distress or financial crisis is a term in corporate finance which is a situation in which a company faces severe financial problems and struggles in satisfying financial obligations, e.g. debts, loan payments, etc. (Gabler-Wirtschaftslexikon, 2018). The term is used to indicate a condition when promises to creditors of a company are broken or honoured with difficulty. If financial distress cannot be relieved, it will ultimately lead to insolvency.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Deal, L. (2016). Volvo Group restructuring to brand-centric organization. Retrieved January 5, 2019. https://www.successfuldealer.com/volvo-group-restructuring-to-brand-centric-organization/.
Gabler-Wirtschaftslexikon. (2018). Unternehmenskrise. Retrieved May 26, 2018. https://wirtschaftslexikon.gabler.de/definition/unternehmungskrise-49331.
Handelsblatt. (2017). Finanzielle Zukunft Gläubiger verschaffen Jack Wolfskin Luft für Verhandlungen. Die Verhandlungen über die Zukunft Jack Wolfskin haben begonnen. Um die zu vereinfachen, verzichten die Banken vorerst auf die Rückzahlung von Krediten. Finanzinvestor Blackstone bangt um die Kontrolle des Unternehmens. In Handelsblatt. January 13, 2017. Retrieved May 26, 2018. http://www.handelsblatt.com/unternehmen/handel-konsumgueter/finanzielle-zukunft-glaeubiger-verschaffen-jack-wolfskin-luft-fuer-verhandlungen/19247752.html?ticket=ST-874329-5m5EZ42jWMfXaeA6SVbH-ap2.
Helmold, M., Dathe, T., & Hummel, F. (2019). Erfolgreiche Verhandlungen. Best-in-Class Empfehlungen für den Verhandlungsdurchbruch. Wiesbaden: Springer Gabler.
Helmold, M., & Terry, B. (2016). Liefeantenmanagement 2030. Sicherung der Wettbewerbsfähigkeit durch Wertschöpfung in globalen und digitalen Märkten. Wiesbaden: Springer.
Krahnen, J. P., & Schmidt, R.H. (2004). The German financial system. Oxford University Press. Retrieved January 5, 2019. https://books.google.de/books?id=NS_oCwAAQBAJ&pg=PA267&lpg=PA267&dq=financial+times+mannesmann+diversifying+telecommunications&source=bl&ots=EbK16_LA5U&sig=iSidxuQCDKwhC6hBxtwS0XobOCw&hl=de&sa=X&ved=2ahUKEwj5_bypp9bfAhXHKFAKHUlOCFkQ6AEwA3oECAQQAQ#v=onepage&q=financial%20times%20mannesmann%20diversifying%20telecommunications&f=false.
Müller, R. (1986). Krisenmanagement in der Unternehmung: Vorgehen, Massnahmen und Organisation. Bern: Peter Lang Verlag.
Olfert, K. (2013). Investition (13. Auflage). Herne: NWB Verlag.
Olfert, K. (2015). Finanzierung. 15. Auflage. NWB Verlag Herne.
REWE. (2015). REWE Group is experiencing profitable national and international growth. Rewe Corporate Communications Group. March 31, 2015. Retrieved January 5, 2019. https://www.rewe-group.com/en/newsroom/press-releases/1420.
Reuters. (2018). Deutsche Bank 2018 restructuring costs to rise to 800 mln from 500 mln on new cuts. April 26, 2018. Retrieved January 5, 2019. https://www.reuters.com/article/brief-deutsche-bank-2018-restructuring-c/brief-deutsche-bank-2018-restructuring-costs-to-rise-to-800-mln-from-500-mln-on-new-cuts-idUSF9N1L900W.
Schmuck, M. (2013). Financial distress and turnaround. An empirical analysis of the automotive supplier industry. Wiesbaden: Springer.
Vlasic, B. (2012). Prized logo is returned to ford. The blue oval is back home. New York Times. Retrieved January 6, 2019. https://www.nytimes.com/2012/05/23/business/a-prized-logo-is-returned-to-ford.html.
Zalando. (2019). Zalando SE general conditions of purchase for indirect purchase. Retrieved January 5, 2019. https://eprocurement.zalando.com/wp-content/uploads/2017/04/Zalando-SE-General-Conditions-of-Purchase-for-Indirect-Purchase.pdf.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Helmold, M., Dathe, T. (2020). Negotiations in Companies with Financial Difficulties. In: Helmold, M., Dathe, T., Hummel, F., Terry, B., Pieper, J. (eds) Successful International Negotiations. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-030-33483-3_14
Download citation
DOI: https://doi.org/10.1007/978-3-030-33483-3_14
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-33482-6
Online ISBN: 978-3-030-33483-3
eBook Packages: Literature, Cultural and Media StudiesLiterature, Cultural and Media Studies (R0)