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Evolution Of Insolvency Regulations In Romania

Author

Listed:
  • Elena Cristina Baciu

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The financial situation of a firm represents a knowledge that is necessary for all stakeholders because they all need to have information about the capacity of the entity to be profitable. The purpose of the study is to examine the evolution of insolvency regulation throughout the years by concentrating on the changes made in laws. The peculiarities of insolvency law influence the way in which the companies cope with their financial difficulties. The number of insolvent companies and the rate of insolvency are values that show the differences between countries and give the possibility to realize a comparison of the regulations in order to establish the aspects that need improvements.

Suggested Citation

  • Elena Cristina Baciu, 2012. "Evolution Of Insolvency Regulations In Romania," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(3a), pages 452-458, September.
    • Handle: RePEc:jes:wpaper:y:2012:v:4:p:i:3a:452-458
    as

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    File URL: http://ceswp.uaic.ro/articles/CESWP2012_IV3a_BAC.pdf
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    References listed on IDEAS

    as
    1. Couwenberg, Oscar, 2001. "Survival rates in bankruptcy systems : overlooking the evidence," Research Report 01E15, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    2. repec:dgr:rugsom:01e15 is not listed on IDEAS
    3. Oscar Couwenberg, 2001. "Survival Rates in Bankruptcy Systems: Overlooking the Evidence," European Journal of Law and Economics, Springer, vol. 12(3), pages 253-273, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    insolvency rate; insolvency law; Romania; Eastern Europe Romania;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process

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