Valuation of Bancrupt Firms in Context of Adherence s Countries to the European Union
The firms and economic sectors that are in an advanced state of development and also have a good competitive position, have a lower degree of insolvency. But at the same time, new firms, the ones that activate in new sectors, are more exposed. As well, in the new context of adherence’s countries to the EU, increases the interest in the study of movements from the level of the maintenance of the performances of Central and East Europe entities on a competitive market and implicitly in the study of bankruptcy’ risk. We can notice a big increase in the number of bankruptcies from the commercial sector but must not be regarded as a negative aspect. The number of explosions of companies that was registered in all economies in transition from Central and Eastern Europe, made them represent the majority within the companies that were founded after 1989. This development has determined a strong competition, which was also triggered by the free access to the common market. In Romania, the number of bankruptcies in the last two years was strongly influenced by the positive effects of the new procedure which was simplified for the bankruptcy law. The purpose of this paper is focus on the main factors that provoke the bankruptcy’s entities by exemplify the insolvency level registered in Central and Eastern Europe countries, referring to Romania. Also, our paper offers comparison and explanation of movements in the level and structure of insolvency.
Volume (Year): 3 (2008)
Issue (Month): 36 (May)
|Contact details of provider:|| Postal: |
Phone: 004 0251 411317
Fax: 004 0251 411317
Web page: http://feaa.ucv.ro/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- MORENO-TERNERO, Juan D. & VILLAR, Antonio, .
"New characterizations of a classical bankruptcy rule,"
CORE Discussion Papers RP
-1926, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Juan Moreno-Ternero & Antonio Villar, 2006. "New characterizations of a classical bankruptcy rule," Review of Economic Design, Springer, vol. 10(2), pages 73-84, August.
When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:3:y:2008:i:11:p:1317-1329. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anca Bandoi)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.