IDENTIFICATION OF BANKRUPTCY RISK AND MANAGEMENT OF CRISIS COMPANIES
IDENTIFICATION OF BANKRUPTCY RISK AND MANAGEMENT OF CRISIS COMPANIES

Author(s): Ancuta-Anisia Chelba
Subject(s): Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: insolvency; Romania; bankruptcy; companies; crisis;
Summary/Abstract: The purpose of the research paper is to conduct a national analysis of how the situation of insolvent companies in the period 2010-2021 in Romania has evolved. A major goal has been set in order to achieve the proposed goal. The main objective of the paper is focused on the analysis of the management of companies in crisis and the identification of companies in insolvency in Romania. The adjacent objectives are to describe the signs of crisis in society, to define the concept of crisis according to the works in the economic literature, to present the main types of crises that may affect the activity of economic entities, to describe the crisis recognition phase of an enterprise, the identification of the parties affected by the bankruptcy crisis of the company, presenting the types of analysis and methods used in the practice of prediction, defining the risk of bankruptcy, and listing the models for predicting bankruptcy. The usefulness of the study is highlighted by the importance of the results transmitted, useful results for the following categories of users: researchers in the field, academic institutions, companies looking for solutions to predict financial health and all those interested in mechanisms for assessing and forecasting the risk of bankruptcy, but also the results regarding the insolvency situation at national level in Romania.

• Details
• Contents