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Introduction: The insolvency of enterprises is considered both from a macro and microeconomic viewpoint. Enterprises identify insolvency in the period of the largest economic boom and more often in the periods of economic instability and crises or recession, due to the increasing risk of its occurrence. In addition, the importance of insolvency is crucial from the viewpoint of the potential effects of economic bankruptcy and bankruptcy from a legal viewpoint. Research Objective/Hypothesis: The aim of this paper is to analyze selected aspects of the corporate insolvency in Europe. The first objective is, to determine whether the cost and time of the insolvency proceeding are shorter in OECD countries when compared to others in Europe. The second objective is to identify Poland's position according to the aspect of insolvency, in the context of the countries surveyed. Hypothesis: There is relationship between high income in OECD countries and recovery rate. Research methodology: The data comes from the Doing Business 2018 report. It was used Spearman correlation. Findings: There is a need for continuous improvement of legal systems to facilitate resolving insolvencies. There is moderate correlation (Spearman) at approx. 0.69 between high income in OECD countries and recovery rate. It is statistically significant correlation (p-value < 0.05). There are two weak negative (downhill relationships) correlations (Spearman) between high income in OECD countries and time (first relationship) or cost (second relationship).(author's abstract)
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Numer
Strony
221--228
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autor
- University of Szczecin
Bibliografia
- Dăianu, D., Pîslaru, D., Voinea, L. (2004). A perspective o insolvency procedures in the Romanian economy. Romania Journal of European Affairs, 4 (4), 37-58. Retrieved from: www.sciencedirect.com (10.02.2018).
- Dankiewicz, R. (2009). Wpływ ubezpieczenia kredytu kupieckiego na wyniki działalności przedsiębiorstw. In: K. Jajuga, W. Ronka- Chmielowiec (eds.), Inwestycje finansowe i ubezpieczenia - tendencje światowe a polski rynek. Wrocław: Wydawnictwo UE Wrocław.
- Diamond, D.W., Verrecchia, R.E. (1991). Disclosure, Liquidity, and the Cost of Capital. The Journal of Finance, 46, 1325-1359. DOI: 10.1111/j.1540-6261.1991.tb04620.x.
- Doing Business 2018. Reforming to Create Jobs (2017). A World Bank Group Flagship Report. 2018 International Bank for Reconstruction and Development/The World Bank.
- Franc-Dąbrowska, J., Porada-Rochoń, M. (2014). Problematyka niewypłacalności małych i średnich przedsiębiorstw w warunkach turbulentnego toczenia. Zeszyty Naukowe PTE, 15, 1-15.
- Franc-Dąbrowska, J., Porada-Rochoń, M., Zioło, M., Babczuk, A. (2015). Stabilizowanie finansów podmiotów sektora publicznego i prywatnego w warunkach zaburzeń finansowych. Warszawa: CeDeWu.
- Georgescua, I, Baciub, E.C. (2014). The effect of economic crisis on eastern European insolvency. Procedia Economics and Finance, 15, 784-791. Retrieved from: www.sciencedirect.com (12.02.2018).
- Huang, W., Mazouz, K. (2018). Excess cash, trading continuity, and liquidity risk. Journal of Corporate Finance, 48, 275-291. Retrieved from: http://www.sciencedirect.com/science/article/pii/S0929119917306211 (10.02.2018).
- Leksykon finansowo-bankowy (1991). Warszawa: Polskie Wydawnictwo Ekonomiczne.
- Łodziana, A. (2003). Rachunkowość w jednostkach zagrożonych upadłością. Rachunkowość, 1.
- Mączyńska, E. (2017). Wierzytelności - fundamentalna kwestia ekonomiczna i prawna. Biuletyn PTE. Ochrona rzeczywistej Ochrony Praw Wierzycieli, 2 (77).
- McGowan, A., Andrews, M.D., Millot, V. (2017). Insolvency Regimes, Technology Diffusion and Productivity Growth: Evidence from Firms in OECD Countries OECD Economics Department Working Papers, No. 1425.
- Euler Hermes (2018). Zestawienie procedur windykacyjnych i porównanie ich skuteczności na poszczególnych rynkach w 2018 r. Retrieved from: http://www.eulerhermes.pl/euler-hermes-w-polsce/centrum-prasowe/wiadomosci/Pages/180201_Prymus-wułatwianiu- odzyskiwania-należności.aspx (15.02.2018).
Typ dokumentu
Bibliografia
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