A STUDY REGARDING THE BANKRUPTCY IN ROMANIA. REGIONAL COMPARISONS Cover Image

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 Begicevic
Subject(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.

  • Issue Year: 2007
  • Issue No: 09
  • Page Range: 148-154
  • Page Count: 7
  • Language: English
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