Institutional and Behavior Foundations of Crisis and Bankruptcy

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Institutional and Behavior Foundations of Crisis and Bankruptcy

Author Info

Kamen Kamenov

Abstract

The problems concerning the financial and economic crisis are multifaceted. The focus on the institutional and behavioral foundations of crisis and bankruptcy reveals another aspect – of the behavior of the human factor and the psychological reasons for emerging of crisis situations. The behavior of the market subjects throughout the crisis is not less significant for coming out of it and for setting up a sustainable market. The analysis of the flexible crisis network as the last obstacle before the bankruptcy justifies the search of new forms of market behavior, matching up the available conditions.

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Publisher Info
Article provided by Bulgarian Academy of Sciences - Institute of Economics in its journal Economic Thought.

Volume (Year): (2009)
Issue (Month): 4 ()
Pages: 3-23
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Handle: RePEc:bas:econth:y:2009:i:4:p:3-23

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Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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This page was last updated on 2009-12-3.

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