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A Multi-Dimensional View of Financial Distress

A Multi-Dimensional View of Financial Distress

Bilgehan Kübilay
Copyright: © 2023 |Pages: 23
ISBN13: 9781668451816|ISBN10: 1668451816|ISBN13 Softcover: 9781668493120|EISBN13: 9781668451823
DOI: 10.4018/978-1-6684-5181-6.ch006
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MLA

Kübilay, Bilgehan. "A Multi-Dimensional View of Financial Distress." Bankruptcy and Reorganization in the Digital Business Era, edited by Fahri Özsungur, et al., IGI Global, 2023, pp. 79-101. https://doi.org/10.4018/978-1-6684-5181-6.ch006

APA

Kübilay, B. (2023). A Multi-Dimensional View of Financial Distress. In F. Özsungur, N. Tetik, & E. Kanat (Eds.), Bankruptcy and Reorganization in the Digital Business Era (pp. 79-101). IGI Global. https://doi.org/10.4018/978-1-6684-5181-6.ch006

Chicago

Kübilay, Bilgehan. "A Multi-Dimensional View of Financial Distress." In Bankruptcy and Reorganization in the Digital Business Era, edited by Fahri Özsungur, Nevzat Tetik, and Ersin Kanat, 79-101. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-5181-6.ch006

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Abstract

Financial distress is a multidimensional and complex subject. Financial distress has physical and physiological effects and harmful consequences for individuals and families, ranging from unpaid debts and deteriorating health to suicide. For this reason, it has been a widely researched subject by different branches of science such as finance, psychology, and sociology. In this study, financial distress was examined from a subjective point of view. The effect of financial distress on physical and psychological health, its effect on families and children, and the effect of social support and socio-economic status on financial distress were investigated. The role of financial capability and financial resilience in reducing financial distress was emphasized. This study aimes to consolidate and expand knowledge about financial distress. The issue of financial distress has been extensively researched under the behavioral finance framework.

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