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Analysis of Corporate Insolvency Trends in Poland between 2021 and 2024

Author

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  • Malgorzata Maliszewska
  • Barbara Karlikowska
  • Jakub Prachowski

Abstract

Purpose: This paper analyzes the escalating trend of corporate insolvencies in Poland within the 2021-2024 timeframe, focusing particularly on the dynamics between economic pressures, regulatory frameworks, and global market conditions that contribute to corporate insolvencies. Design/Methodology/Approach: The research methodology involves a mixed-methods approach, integrating quantitative analysis of corporate insolvency statistics with qualitative assessments of legal and economic factors influencing corporate financial stability. The study analyzes official records from COIG and MGBI. Findings: The findings indicate a significant rise in corporate insolvency proceedings, with the most affected sectors being manufacturing, construction, and services. The findings mark an increase in insolvency activity, including a significant year-on-year rise in restructuring proceedings, and underscore a growing reliance on the proceeding for approval of an arrangement due to its popularity among SMEs and its susceptibility to procedural abuse. Practical Implications: Strengthen early warning systems, optimize regulatory tools, and adapt financial risk management strategies to reduce insolvency risk; aimed at businesses, policymakers, corporate managers, and investors. Originality/Value: This study contributes to the existing literature by providing a comprehensive analysis of bankruptcy trends in Poland, highlighting the limitations of traditional prediction models, and advocating for the integration of advanced analytical tools to improve risk assessment and forecasting accuracy.

Suggested Citation

  • Malgorzata Maliszewska & Barbara Karlikowska & Jakub Prachowski, 2025. "Analysis of Corporate Insolvency Trends in Poland between 2021 and 2024," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 1050-1071.
    • Handle: RePEc:ers:journl:v:xxviii:y:2025:i:1:p:1050-1071
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    References listed on IDEAS

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    1. Eleftherios Thalassinos & Konstantinos Liapis & John Thalassinos, 2014. "The Role of the Rating Companies in the Recent Financial Crisis in the Balkan and Black Sea Area," Contributions to Economics, in: Anastasios Karasavvoglou & Persefoni Polychronidou (ed.), Economic Crisis in Europe and the Balkans, edition 127, pages 79-115, Springer.
    2. repec:imf:imfdps:2022/002 is not listed on IDEAS
    3. Eleftherios Thalassinos, 2008. "Trends and Developments in the European Financial Sector," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2008(3), pages 44-61.
    4. Michał Baran & Kinga Bauer, 2021. "The Role of Information in Assessing the Risk of Conducting Bankruptcy Proceedings," Risks, MDPI, vol. 9(4), pages 1-18, April.
    5. Tomasz Pisula, 2020. "An Ensemble Classifier-Based Scoring Model for Predicting Bankruptcy of Polish Companies in the Podkarpackie Voivodeship," JRFM, MDPI, vol. 13(2), pages 1-35, February.
    6. repec:imf:imfdep:2022/002 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Bankruptcy; financial distress; prediction models; risk management; Poland.;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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