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A Study Regarding The Bankruptcy In Romania. Regional Comparisons

Author

Listed:
  • Daniel Cîrciumaru
  • Marian Siminica
  • Nina Begicevic

    (University of Craiova Faculty of Economics and Business Administration Craiova, RomanUniversity of Zagreb Faculty of Organization and Informatics Varazdin, Croatiaia,)

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.

Suggested Citation

  • Daniel Cîrciumaru & Marian Siminica & Nina Begicevic, 2007. "A Study Regarding The Bankruptcy In Romania. Regional Comparisons," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 148-154, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2007:i:9:p:148-154
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    More about this item

    Keywords

    bankruptcy; failure; financial distress; judiciary reorganization;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance

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