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Bankruptcies in Czech Republic: Reality identified by examining the statistical

Author

Listed:
  • Jaroslav Schönfeld
  • Luboš Smrčka
  • Eva Kislingerová
  • Jakub Erlitz

Abstract

The work aims at a comprehensive analysis of the statistical survey 572 insolvency proceedings which took place in the Czech Republic from January 2008 until the end of 2013. This is the third in a wave of similar surveys, while the present work the analysis results are compared with just these previous data sets. Together, there were processed 2193 closed insolvency proceedings. These proceedings represent nearly 20 percent of the total number of insolvencies of businesses operating in the country during that period took place and have already been completed. This sample should therefore be very representative, on the other hand, the authors do not conceal that the results are still only approximate. The key findings of the research as usual satisfaction of secured creditors, unsecured creditors, satisfy claims against the estate of a debt assimilated claims against the estate of length insolvency proceedings and more.

Suggested Citation

  • Jaroslav Schönfeld & Luboš Smrčka & Eva Kislingerová & Jakub Erlitz, 2014. "Bankruptcies in Czech Republic: Reality identified by examining the statistical," Ekonomika a Management, Prague University of Economics and Business, vol. 2014(2).
    • Handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:227
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    References listed on IDEAS

    as
    1. 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.
    2. 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

    bankruptcy; insolvency; insolvence; Insolvenční řízení; Úpadek; Insolvency proceedings; Statistics; Statistika; Satisfaction of creditors; Uspokojení věřitelů;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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