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Reorganization in the Czech Republic

In: Global Versus Local Perspectives on Finance and Accounting

Author

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  • Jan Hospodka

    (University of Economics)

Abstract

This paper analyses reorganization as a way of dealing with the bankruptcy of companies. In its first part, it aims to describe different theoretical aspects of reorganization and compares the approaches to reorganization in the Czech Republic and the United States. This comparison clearly shows that the current accounting rules for companies undergoing reorganization are far more detailed and complex in the United States than in the Czech Republic. The second part of the paper focuses on the development of reorganization cases between January 1, 2008 and December 31, 2012 in the Czech Republic. This research has shown that the number of companies petitioning for reorganization had been steadily increasing and that 30% of companies that garnered approval to undergo reorganization successfully finished it. This paper is part of broader research focused on accounting rules for the companies undergoing reorganization in the Czech Republic, as well as the development of company reorganization since its introduction in 2008.

Suggested Citation

  • Jan Hospodka, 2019. "Reorganization in the Czech Republic," Springer Proceedings in Business and Economics, in: David Procházka (ed.), Global Versus Local Perspectives on Finance and Accounting, pages 351-360, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-11851-8_33
    DOI: 10.1007/978-3-030-11851-8_33
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    Cited by:

    1. Bauer Kinga & Hospodka Jan, 2020. "Accounting as a Source of Financial Information on Insolvency in Liquidation Proceedings," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 28(4), pages 2-29, December.
    2. Michał Baran & Kinga Bauer, 2021. "The Role of Information in Assessing the Risk of Conducting Bankruptcy Proceedings," Risks, MDPI, vol. 9(4), pages 1-18, April.

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