A STUDY REGARDING THE BANKRUPTCY IN ROMANIA. REGIONAL COMPARISONS
A STUDY REGARDING THE BANKRUPTCY IN ROMANIA. REGIONAL COMPARISONS
Author(s): Marian Ilie Siminica, Daniel Carciumaru, Nina BegicevicSubject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: bankruptcy; failure; financial distress; judiciary reorganization
Summary/Abstract: The academic world showed a big interest for the study of the companies in financial distress in the last years, due to the implications of the bankruptcy process on the Romanian economy. In this paper, we carried out a study of the main specific features of the bankruptcy in Romania in the period 2003 – 2005. Also, we made a comparison with other countries from the Eastern and Central Europe. The results of this study emphasizes that the trading branches provide the biggest number of bankruptcies in the Romanian economy and also that Romania has a bigger bankruptcy rate than the average level in the Eastern Europe.
Journal: Revista tinerilor economişti
- Issue Year: 2007
- Issue No: 09
- Page Range: 148-154
- Page Count: 7
- Language: English