IDEAS home Printed from https://ideas.repec.org/a/prg/jnleam/v2014y2014i2id227.html
   My bibliography  Save this article

Bankruptcies in Czech Republic: Reality identified by examining the statistical

Author

Listed:
  • Jaroslav Schönfeld
  • Luboš Smrčka
  • Eva Kislingerová
  • Jakub Erlitz

Abstract

The work aims at a comprehensive analysis of the statistical survey 572 insolvency proceedings which took place in the Czech Republic from January 2008 until the end of 2013. This is the third in a wave of similar surveys, while the present work the analysis results are compared with just these previous data sets. Together, there were processed 2193 closed insolvency proceedings. These proceedings represent nearly 20 percent of the total number of insolvencies of businesses operating in the country during that period took place and have already been completed. This sample should therefore be very representative, on the other hand, the authors do not conceal that the results are still only approximate. The key findings of the research as usual satisfaction of secured creditors, unsecured creditors, satisfy claims against the estate of a debt assimilated claims against the estate of length insolvency proceedings and more.

Suggested Citation

  • Jaroslav Schönfeld & Luboš Smrčka & Eva Kislingerová & Jakub Erlitz, 2014. "Bankruptcies in Czech Republic: Reality identified by examining the statistical," Ekonomika a Management, Prague University of Economics and Business, vol. 2014(2).
    • Handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:227
    as

    Download full text from publisher

    File URL: http://www.vse.cz/eam/download.php?jnl=eam&pdf=227.pdf
    Download Restriction: free of charge
    File URL: http://www.vse.cz/eam/227
    Download Restriction: free of charge
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Blazy, Régis & Chopard, Bertrand & Fimayer, Agnès & Guigou, Jean-Daniel, 2011. "Employment preservation vs. creditors' repayment under bankruptcy law: The French dilemma?," International Review of Law and Economics, Elsevier, vol. 31(2), pages 126-141, June.
    2. Sergei A. Davydenko & Julian R. Franks, 2008. "Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the U.K," Journal of Finance, American Finance Association, vol. 63(2), pages 565-608, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Blazy, Régis & Chopard, Bertrand & Nigam, Nirjhar, 2013. "Building legal indexes to explain recovery rates: An analysis of the French and English bankruptcy codes," Journal of Banking & Finance, Elsevier, vol. 37(6), pages 1936-1959.
    2. Ayadi, Rim & Abid, Ilyes & Guesmi, Khaled, 2021. "Survival of reorganized firms in France," Finance Research Letters, Elsevier, vol. 38(C).
    3. Jan Plaček & Luboš Smrčka & Markéta Arltová & Jaroslav Schönfeld, 2016. "The Relationship Between GDP Per Inhabitant and the Quality of Insolvency Proceedings (An Analysis on the Basis of Surveying Five Groups of Countries)," Ekonomika a Management, Prague University of Economics and Business, vol. 2016(4).
    4. Jaka Cepec & Peter Grajzl & Katarina Zajc, 2016. "Debt Recovery in Firm Liquidations: Do Liquidation Trustees Matter?," Quaderni del Dipartimento di Economia, Finanza e Statistica 24/2016, Università di Perugia, Dipartimento Economia.
    5. Luboš Smrčka & Jaroslav Schönfeld, 2014. "Several Conclusions from Research of Insolvency Cases in the Czech Republic," Central European Business Review, Prague University of Economics and Business, vol. 2014(1), pages 13-19.
    6. Jaka Cepec & Peter Grajzl & Katarina Zajc, 2016. "Debt Recovery in Firm Liquidations: Do Liquidation Trustees Matter?," CESifo Working Paper Series 6034, CESifo.
    7. Luboš Smrčka & Markéta Arltová & Jaroslav Schönfeld, 2013. "Příčiny neúspěchu prosazování sanačních postupů v insolvenční realitě [Reasons for the Failure to Implement Financial Rehabilitation Procedures in Insolvent Reality]," Politická ekonomie, Prague University of Economics and Business, vol. 2013(2), pages 188-208.
    8. Régis Blazy & Joël Petey & Laurent Weill, 2018. "Serving the creditors after insolvency filings: from value creation to value distribution," European Journal of Law and Economics, Springer, vol. 45(2), pages 331-375, April.
    9. repec:ces:ifodic:v:13:y:2016:i:4:p:19191579 is not listed on IDEAS
    10. Araujo, Aloisio & Ferreira, Rafael & Lagaras, Spyridon & Moraes, Flavio & Ponticelli, Jacopo & Tsoutsoura, Margarita, 2023. "The labor effects of judicial bias in bankruptcy," Journal of Financial Economics, Elsevier, vol. 150(2).
    11. Filipe, Sara Ferreira & Grammatikos, Theoharry & Michala, Dimitra, 2016. "Forecasting distress in European SME portfolios," Journal of Banking & Finance, Elsevier, vol. 64(C), pages 112-135.
    12. Neira, Julian, 2019. "Bankruptcy and cross-country differences in productivity," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 359-381.
    13. Jibin Jose & Snehal S. Herwadkar & Prabal Bilantu & Shihas Abdul Razak, 2020. "Does Greater Creditor Protection Affect Firm Borrowings? Evidence from IBC," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 14(2), pages 212-225, May.
    14. Hwa Ryung Lee, 2010. "Bankruptcy and low cost carrier expansion in the airline industry," IEW - Working Papers 502, Institute for Empirical Research in Economics - University of Zurich.
    15. Régis Blazy & Nirjhar Nigam, 2019. "Corporate insolvency procedures in England: the uneasy case for liquidations," European Journal of Law and Economics, Springer, vol. 47(1), pages 89-123, February.
    16. Bastos, João A. & Matos, Sara M., 2022. "Explainable models of credit losses," European Journal of Operational Research, Elsevier, vol. 301(1), pages 386-394.
    17. Bernstein, Shai & Colonnelli, Emanuele & Giroud, Xavier & Iverson, Benjamin, 2019. "Bankruptcy spillovers," Journal of Financial Economics, Elsevier, vol. 133(3), pages 608-633.
    18. Berger, Allen N. & Cerqueiro, Geraldo & Penas, María F., 2011. "Does debtor protection really protect debtors? Evidence from the small business credit market," Journal of Banking & Finance, Elsevier, vol. 35(7), pages 1843-1857, July.
    19. Simeon Djankov & Oliver Hart & Caralee McLiesh & Andrei Shleifer, 2008. "Debt Enforcement around the World," Journal of Political Economy, University of Chicago Press, vol. 116(6), pages 1105-1149, December.
    20. Elsayed, Mohamed & Elshandidy, Tamer & Ahmed, Yousry, 2022. "Corporate failure in the UK: An examination of corporate governance reforms," International Review of Financial Analysis, Elsevier, vol. 82(C).
    21. Paul Beaumont & Huan Tang & Éric Vansteenberghe, 2024. "Collateral Effects: The Role of FinTech in Small Business Lending [Effets collatéraux : le rôle des Fintechs dans le financement des petites et moyennes entreprises]," Débats économiques et financiers 42, Banque de France.

    More about this item

    Keywords

    bankruptcy; insolvency; insolvence; Insolvenční řízení; Úpadek; Insolvency proceedings; Statistics; Statistika; Satisfaction of creditors; Uspokojení věřitelů;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:227. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.