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Analysis Of Conceptual Approaches For The Firm In Difficulty

Author

Listed:
  • Dan LUPU

    () (Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, dan.lupu@uaic.ro, Iasi, Romania,)

Abstract

Beginning with simple delays in payments until the occurrence of bankruptcy, the notion of a firm in difficulty is extremely complex. The concept involves an economic component, but it cannot be separated from the legal component (for each country, given the legislation feature). Difficult situation of an enterprise requires the existence of vulnerable states in their activities, which upon reaching a critical threshold prevail against the forces of them, leading ultimately to the onset of insolvency process.

Suggested Citation

  • Dan LUPU, 2014. "Analysis Of Conceptual Approaches For The Firm In Difficulty," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 5(5), pages 110-116, June.
  • Handle: RePEc:aic:jopafl:y:2014:v:5:p:110-116
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    File URL: http://www.jopafl.com/uploads/issue5/ANALYSIS_OF_CONCEPTUAL_APPROACHES_FOR_THE_FIRM_IN_DIFFICULTY.pdf
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    References listed on IDEAS

    as
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    4. Stijn Claessens & Leora F. Klapper, 2005. "Bankruptcy around the World: Explanations of Its Relative Use," American Law and Economics Review, Oxford University Press, vol. 7(1), pages 253-283.
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Malgorzata Porada-Rochon & Justyna Franc-Dabrowska & Radoslaw Suwala, 2016. "Eliminating the Effects of the Companies Insolvency Risk - A Model Approach," EconWorld Working Papers 16002, WERI-World Economic Research Institute, revised Apr 2016.

    More about this item

    Keywords

    business failure; decision rules; liquidation;

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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