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Commercial Insolvency in Bulgaria through the Eyes of Generations at Work: Challenges and Possible Solutions

Author

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  • Maria Stoyanova

Abstract

The article presents the findings of a social survey on generations at work, conducted in October-November 2016 and focused on the prewar/war generation of people born 1925-1944, the generation of transition from patriarchy to modernity of people born 1945-1964, the generation of growth comprising people born in 1965-1980, and the digital generation of people born in 1981-2000. The author argues that, due to the small degree of institutionalization of commercial insolvency in Bulgaria after 1989, generations at work tend to externalize rather than internalize the possibilities of insolvency as an institution and as a social process. The author identifies nine challenges facing the executive and legislative branches of government and outlines possible solutions for achieving the transition from externalization to internalization of insolvency in Bulgarian society.

Suggested Citation

  • Maria Stoyanova, 2018. "Commercial Insolvency in Bulgaria through the Eyes of Generations at Work: Challenges and Possible Solutions," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 173-194.
    • Handle: RePEc:bas:econst:y:2018:i:1:p:173-194
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    More about this item

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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