¹Assoc. Prof. Yesim Sirakaya, ²Dr. Ismail Aslanlar

¹St. Clements University, UK Head of the Department of Labor Economics and Industrial Relations

¹ORCID ID: 0009-0004-2558-8194

²St. Clements University, UK

DOI : https://doi.org/10.58806/ijsshmr.2026.v5i1n11

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ABSTRACT

The concordat process is generally approached as a legal and economic restructuring mechanism aimed at ensuring the financial sustainability of organizations. However, beyond its financial dimension, this process produces a multidimensional crisis experience in which managerial capacity, organizational climate, and human behavior are intensively tested. This study aims to examine how corporate crisis management is shaped by psychological dynamics by addressing the concordat process within an interdisciplinary framework that integrates perspectives from business administration and industrial and organizational psychology. Employing a conceptual approach based on a systematic literature review, the study discusses the effects of increased uncertainty and risk perception during concordat periods on organizational behavior, leadership decisions, and employee attitudes. In this context, managerial decision fatigue, constrained communication, and defensive leadership tendencies under crisis conditions are emphasized as critical factors influencing organizational trust, commitment, and performance. Furthermore, the erosion of psychological contracts and the deterioration of psychological safety are examined as key explanatory mechanisms underlying silent withdrawal and organizational alienation during the concordat process. Drawing on the Job Demands–Resources (JD-R) Model and Conservation of Resources (COR) Theory, the study argues that the concordat process generates a strong perception of resource loss for both employees and managers, which may undermine organizational resilience. Accordingly, the article contends that the success of concordat depends not only on the technical adequacy of financial restructuring plans but also on the effective management of uncertainty, the preservation of psychological safety, and the adoption of human-centered crisis management practices. Ultimately, the study concludes that, for organizations, the concordat process represents not merely a financial restructuring mechanism but also an organizational and psychological resilience test.

KEYWORDS:

Concordat, corporate crisis management, industrial and organizational psychology, organizational resilience, psychological contract, psychological safety, leadership and decision-making.

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Cite this Article:Sirakaya, A. P. Y., & Aslanlar, D. I. (2026). Psychological Resources and Organizational Behavior in Financial Restructuring Processes: A Review in the Context of Concordat. INTERNATIONAL JOURNAL OF SOCIAL SCIENCE HUMANITY & MANAGEMENT RESEARCHS, 5(1), 88-95. https://doi.org/10.58806/ijsshmr.2026.v5i1n11

VOlUME 05 ISSUE 01 JANUARY 2026