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Determinant Macroeconomic Factors On The Bankruptcy Of Economic Entities

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  • Sorin Șomîtcă

    (Universitatea "Ștefan cel Mare" din Suceava)

  • Elena Hlaciuc

    (Universitatea "Ștefan cel Mare" din Suceava)

Abstract

The bankruptcy of economic entities is a significant phenomenon in the market economy, especially in the challenging times we live in today. The study aims to identify the links, relations, and influence of macroeconomic factors on the bankruptcy of organizations at the level of the European Union. After conducting a bibliometric analysis to determine the current level of knowledge and future research directions, econometric modeling was used to identify how these macroeconomic factors influence bankruptcies, confirming their decisive impact on the evolution of bankruptcies registered within the European Union.

Suggested Citation

  • Sorin Șomîtcă & Elena Hlaciuc, 2024. "Determinant Macroeconomic Factors On The Bankruptcy Of Economic Entities," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 24(2(40)), pages 157-165, December.
    • Handle: RePEc:scm:usvaep:v:24:y:2024:i:2(40):p:157-165
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