THE IMPACT OF FINANCIAL SUSTAINABILITY FOR COMPANIES IN RESTRUCTURING PROCEDURES ON THE ECONOMIC GROWTH

Cristina Saveanu

Volume : IV, Issue : I, January - 2015

THE IMPACT OF FINANCIAL SUSTAINABILITY FOR COMPANIES IN RESTRUCTURING PROCEDURES ON THE ECONOMIC GROWTH

Cristina Saveanu

Abstract :

Financial sustainability of firms in restructuring procedures actually means supporting their economic recovery. This economic recovery is achieved through specific financial and banking market actions which means developing various lending products adapted to this context. The lending activity for restructuring situations really means establishing links between financial markets and the real economy.Even if the banking system is considered stable enough, the Romanian economy is marked by instability. There is a financial dependence bank credit thus, the credit channel becomes a transmission mechanism of financial instability from outside. This paper tries to examine the impact of lending to companies in restructuring procedures on the economic growth and the importance of adapting the credit products to the enterprise need