Financial distress and firm value across the life cycle: A systematic review
DOI:
https://doi.org/10.55927/eajmr.v4i9.382Keywords:
SLR, Financial Distress, Firm Value, Life-Cycle, Capital StructureAbstract
Financial distress and corporate restructuring are vital issues affecting firm value across corporate life cycle stages. This review explores how internal factors (capital structure, efficiency) and external factors (markets, regulation) interact with distress and restructuring strategies. Using firm value theory and life cycle models, we examine how companies adapt their financial strategies to sustain value. A systematic literature review (SLR) approach integrates key studies, identifies research gaps, and highlights methodological trends. Findings offer a conceptual framework useful for scholars and practitioners in managing financial distress and sustaining firm value in diverse economic contexts.
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