Corporate Bankruptcies in the Czech Republic: The Development Over the Last Decade

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Corporate Bankruptcies in the Czech Republic: The Development Over the Last Decade

Popis výsledku v původním jazyce

This paper deals with the analysis of development of corporate bankruptcies in the Czech Republic over the last decade. Corporate bankruptcies are an inherent element of the market economy. In the Czech Republic in 2006 was published a law no. 182/2006 Coll., On Bankruptcy and Its Resolution (Insolvency Act), which came into effect from January 1st, 2008. This law came into effect just at a time when the new financial crisis started getting stronger. This crisis has affected the development of corporate bankruptcies not only in the Czech Republic but also in other countries. Corporate Bankruptcies (Mączyńska, 2009) are the necessary selection mechanism in the world of business and have an important rationalizing function – they rid the market of entities that are unable to meet the appropriate efficiency requirements. The aim of this paper is to analyze the development of corporate bankruptcies – the comparison between the development of corporate insolvency proposals and corporate bankruptcies (using total and monthly data) in the Czech Republic over the last decade – in the period 2008 to 2017 with a forecast for 2018. The software STATGRAPHICS Centurion will be used for this analysis. The data needed to analyze the development of corporate insolvency proposals and corporate bankruptcies has been taken over from the company Creditreform, s.r.o. Czech Republic.

Název v anglickém jazyce

Corporate Bankruptcies in the Czech Republic: The Development Over the Last Decade

Popis výsledku anglicky

This paper deals with the analysis of development of corporate bankruptcies in the Czech Republic over the last decade. Corporate bankruptcies are an inherent element of the market economy. In the Czech Republic in 2006 was published a law no. 182/2006 Coll., On Bankruptcy and Its Resolution (Insolvency Act), which came into effect from January 1st, 2008. This law came into effect just at a time when the new financial crisis started getting stronger. This crisis has affected the development of corporate bankruptcies not only in the Czech Republic but also in other countries. Corporate Bankruptcies (Mączyńska, 2009) are the necessary selection mechanism in the world of business and have an important rationalizing function – they rid the market of entities that are unable to meet the appropriate efficiency requirements. The aim of this paper is to analyze the development of corporate bankruptcies – the comparison between the development of corporate insolvency proposals and corporate bankruptcies (using total and monthly data) in the Czech Republic over the last decade – in the period 2008 to 2017 with a forecast for 2018. The software STATGRAPHICS Centurion will be used for this analysis. The data needed to analyze the development of corporate insolvency proposals and corporate bankruptcies has been taken over from the company Creditreform, s.r.o. Czech Republic.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

European Financial Systems 2018. Proceedings of the 15th International Scientific Conference

ISBN

978-80-210-8980-8

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

32-38

Název nakladatele

Masaryk University

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

1. 1. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000462948800003