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Restructuring Processes And Crisis Management - Relevant Concepts And Their Import In Romania

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  • Daniel COSTEA
  • Stefan Catalin POPA
  • Florentina ALBU

Abstract

The paper aims to analyse certain fundamental concepts linked to the restructuring and crisis management processes and the manner such concepts were reflected and evolved in the local business and legal environment. The paper also analyses the historical evolution of the restructuring processes in Romania both at the institutional level (privatization methods and some of their effects) and in relation to insolvency procedure with the purpose of defining the most relevant concepts. The methodology used is based on using the comparative, historical and logical research tools. The results of the paper point out the relevance of the concepts used by practitioners and turnaround managers when undertaking leading roles in restructuring and crisis situations.

Suggested Citation

  • Daniel COSTEA & Stefan Catalin POPA & Florentina ALBU, 2017. "Restructuring Processes And Crisis Management - Relevant Concepts And Their Import In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 414-427, November.
    • Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:414-427
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    References listed on IDEAS

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    1. Williamson, John, 2000. "What Should the World Bank Think about the Washington Consensus?," The World Bank Research Observer, World Bank, vol. 15(2), pages 251-264, August.
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