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Several Conclusions from Research of Insolvency Cases in the Czech Republic

Author

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  • Luboš Smrčka
  • Jaroslav Schönfeld

Abstract

The survey of real outcomes of insolvency proceedings in the Czech Republic analysed by this study took place during 2012 and 2013. This is the first survey that enables (on the basis of a statistically declarative sample) the ascertainment of certain crucial data as to the actual outcome of insolvency proceedings in the Czech Republic, i.e. especially as to the yields which creditors obtain. The study analysis outcomes drawn from two waves of statistical research, compare these two waves together and place the results gained into an international context. In addition, the study also brings forward basic information on the structure of the insolvency act in the Czech Republic and possible changes in legislation that would create a more congenial environment for creditors.

Suggested Citation

  • Luboš Smrčka & Jaroslav Schönfeld, 2014. "Several Conclusions from Research of Insolvency Cases in the Czech Republic," Central European Business Review, University of Economics, Prague, vol. 2014(1), pages 13-19.
  • Handle: RePEc:prg:jnlcbr:v:2014:y:2014:i:1:id:70:p:13-19
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    References listed on IDEAS

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    1. Lee, Seung-Hyun & Yamakawa, Yasuhiro & Peng, Mike W. & Barney, Jay B., 2011. "How do bankruptcy laws affect entrepreneurship development around the world?," Journal of Business Venturing, Elsevier, vol. 26(5), pages 505-520, September.
    2. 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.
    3. 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.
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    More about this item

    Keywords

    insolvency proceedings; insolvency; bankruptcy; yield for creditors; insolvency law;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K29 - Law and Economics - - Regulation and Business Law - - - Other

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