Analysis of the Capital Structure of Domestic Corporations Preceding a Bankruptcy

Rozbor kapitálové struktury tuzemských korporací před úpadkem

Tatiana Škerlíková

Český finanční a účetní časopis, 2014, vol. 2014, issue 4, 70-83

Abstract: The aim of this paper is on the issue of low returns in the Czech Republic to offer a new perspective. Article concerns the agency theory before the bankruptcy proceedings with regard to the specifics of Czech Republic. Given that bank lenders have better bargaining power in comparison with other classes of creditors, the view focuses on their activity while initiating bankruptcy. The article tries to estimate what percentage of insolvencies could be launched in the Czech Republic by bank lender based on the specific position of individual groups of debtors before insolvency proceedings. Bank lenders have stronger monitoring and enforcement means, which gives them a specific opportunity to initiate proceedings in a better timeframe than other creditors.

Keywords: Bankruptcy boundary; Classes of claimants; Debt structure; Bank lenders; Creditor control; Hranice úpadku; Třídy věřitelů; Struktura dluhu; Bankovní věřitel; Vyjednávací pozice věřitelů (search for similar items in EconPapers)
JEL-codes: G32 G33 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.18267/j.cfuc.424

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