Corporate Financial Distress And Organizational Performance: Causes, Effects And Possible Prevention
Business environment is constantly changing as a result of recent economic decline and, survival and sustainability is now an assiduous task, as corporate financial failure has negatively affected organizational performance; hence the need for this study: corporate financial distress and organizational performance. This study examines the causes, effects and possible solution of the dependent and independent variables. In carrying out this study, literature was reviewed, four hypotheses proposed, tested and analyzed using cronbach alpha; and the individual results came out high mean and high standard deviation (on the various variables) with a p value of 0.000˂0.05 coefficient.
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