ANALYSIS OF CONCEPTUAL APPROACHES FOR THE FIRM IN DIFFICULTY

Dan Lupu ()
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Dan Lupu: Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, dan.lupu@uaic.ro, Iasi, Romania,

Journal of Public Administration, Finance and Law, 2014, vol. 5, issue 5, 110-116

Abstract: Beginning with simple delays in payments until the occurrence of bankruptcy, the notion of a firm in difficulty is extremely complex. The concept involves an economic component, but it cannot be separated from the legal component (for each country, given the legislation feature). Difficult situation of an enterprise requires the existence of vulnerable states in their activities, which upon reaching a critical threshold prevail against the forces of them, leading ultimately to the onset of insolvency process.

Keywords: business failure; decision rules; liquidation (search for similar items in EconPapers)
JEL-codes: G33 G34 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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