ANALYSIS OF INDICATORS USED IN INSOLVENCY AT EUROPEAN UNION LEVEL
ANALYSIS OF INDICATORS USED IN INSOLVENCY AT EUROPEAN UNION LEVEL
Author(s): Cristina Mihaela Nagy, Crăciun SabăuSubject(s): Economic history, Transformation Period (1990 - 2010), Present Times (2010 - today), Accounting - Business Administration
Published by: Editura Eurostampa
Keywords: insolvency; indicators used in insolvency procedures; recovery rate of creditor claims;
Summary/Abstract: The present paper is focused on the period June 2009-June 2015 and presents the analysis of the most commonly used indicators in insolvency proceedings, during the, respectively: the time period in which an insolvency proceeding is conducted, the share of cost in total assets in insolvency and the recovery rate of creditor's claims. At European Union level in 2015 we found that the shortest period of time required to solve an insolvency procedure is in Ireland, respectively 4 months, and the lowest share of the cost of an insolvency procedure in total assets is registered in Belgium, Denmark, Finland, Netherlands and Slovenia. The recovery rate of creditor's claims is the highest in Finland, respectively 90.10%, unfortunately, Romania ranks last at this category with a percentage of 32.70%.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XXIII/2018
- Issue No: 23
- Page Range: 102-108
- Page Count: 7
- Language: English