In Financial distress firms lose value as customers who are afraid of not having access to future service leave, best employees start searching for new jobs, and managements’ time is devoted to searching for new finance not restructuring. Incentives become distorted and conflicts between debt and equity investors arise.
Management for value requires cutting the wings from financial distress spiral. As bankruptcies typically occur due to lack of liquidity, securing sufficient liquidity is a key.
In this webinar recording Matti Suominen, Professor, Finance, Aalto University School of Business answers to the following questions:
- What are the options?
- When is the best moment to seek liquidity from the financial markets?
- What financing solutions work best for distressed firms and why?
- Matti Suominen specializes in information economics in financial markets, market microstructure, and corporate finance. He has previously worked as a consultant at the European Corporate Finance Practice of McKinsey & Co. and as a Chief Dealer in the Options and Futures Markets in Finland. From 1997 until 2006 he was in the full-time faculty at INSEAD, working first as an Assistant Professor and later as an Associate Professor of Finance. Although already also at Aalto University, between 2006 and 2015 he has continued to work with INSEAD as an Adjunct Professor of Finance or as a Visiting Professor of Finance.
Suominen is actively involved in management consulting to financial institutions and executive education. He has taught in the MBA, PhD and executive education programs. He has also taught in several company specific programs worldwide.
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