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Negotiations in Companies with Financial Difficulties

In: Successful International Negotiations

Author

Listed:
  • Marc Helmold

    (IUBH Internationale Hochschule)

  • Tracy Dathe

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.

Suggested Citation

  • Marc Helmold & Tracy Dathe, 2020. "Negotiations in Companies with Financial Difficulties," Management for Professionals, in: Marc Helmold & Tracy Dathe & Florian Hummel & Brian Terry & Jan Pieper (ed.), Successful International Negotiations, chapter 0, pages 201-213, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-33483-3_14
    DOI: 10.1007/978-3-030-33483-3_14
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