In countries experiencing financial crisis, industry, services and institutions in the financial sector suffer serious damage. Exchange rates and interest rates increase thoroughly. As a result, while the credibility of many companies decreases, many of them fall into insolvency. Banks are in a difficult situation as a result of the companies whose situation is deteriorating rapidly, unable to make loan repayments. The high reserves that banks have to allocate for loans cause their revenues to decrease, banks whose financial situation worsens do not want to take more risks in such an environment. they avoid. In order to reduce the effects of the crisis on companies outside the financial sector and institutions in the financial sector and to regain the lost confidence in the economy, it becomes necessary to restructure both companies and institutions in the financial sector without losing time.
With institutional restructuring; ƒ Restructuring of companies that are able to survive, liquidation of those that cannot survive, ƒ Strengthening the financial sector, ƒ Providing the necessary conditions for long-term economic growth. In order for institutional restructuring to be successful, it is necessary to restructure the state in order for banks to take part in this process and to restart the credit flow, as well as the state’s macroeconomic policies and legal infrastructure. It would be beneficial to determine a coordinator institution to manage the restructuring process in countries experiencing crisis. The coordinator institution will determine the objectives of the restructuring process, solve the problem of high leverage of creditors and debtors, and decide on which sectors the financial support to be provided by the state will be given first.
Considering their fundraising abilities, producers with economic bottlenecks will be able to continue to create added value and fulfill their repayment obligations to the financial sector within a reasonable period and reasonable conditions, which will be deemed appropriate by creditor institutions, and to ensure that both the real sector and the financial sector are It is imperative to bring order, health and transparency to the balance sheets of the sector. Taking measures such as reconnecting the current risk to maturity with the conditions to be determined on the basis of the company, providing additional financing, liquidation of the activities not directly related to the main activities of the company, capital increase, management change, going public, affiliate and real estate sale, changing the partnership structure, etc. The firm is tried to be brought back to the economy.
Restructuring; It is defined as a fundamental review and radical redesign of business processes in order to achieve an impressive improvement in important modern performance indicators such as cost, quality, service and speed. Every process, from the organizational charts of the companies to the operation of the workflows within the company, should be presented in concrete. It is possible to create a process map by mastering all the data of the company. The restructuring process should be designed in subjects such as Vision and Strategy Development, Determination of Customer Needs, Creating Company Culture, Mapping and Measuring the Current Process, Integration and Improvement of the Business, Analyzing and Modifying the Current Process, Developing Technological Results.