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Operation Implementation and Financial Evaluation of The Concordat Process in Business

Author

Listed:
  • Okan Geniş

    (Istanbul Aydin University)

  • Esin Nesrin Can

    (Istanbul Aydin University)

Abstract

Concordat; “Any debtor who is unable to pay his debts even when they are due or is in danger of being unable to pay it on time may request a concordat in order to pay his debts or to get rid of a possible bankruptcy by giving a maturity or a deduction.” It is defined as an application that the debtor can apply in the presence of legal conditions. Besides the legal dimensions of the concordat arrangement, the financial dimension is also important. In this study, it is aimed to evaluate the functioning of the process in enterprises in terms of financial aspects, taking into account the concordat system regulated by the Enforcement and Bankruptcy Law No. 2004, as well as the regulations made by Law No. 7101 of 15.03.2018 and Law No. 7155 of 19.12.2018. Classification-JEL M40, M41, M42

Suggested Citation

  • Okan Geniş & Esin Nesrin Can, 2021. "Operation Implementation and Financial Evaluation of The Concordat Process in Business," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 36(115), pages 77-102, April.
    • Handle: RePEc:acc:malfin:v:36:y:2021:i:115:p:77-102
    DOI: https://doi.org/10.33203/mfy.872643
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    More about this item

    Keywords

    Concordat; Law; Financial Dimension;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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