 Reorganization in the Czech RepublicJan Hospodka ()
A chapter in Global Versus Local Perspectives on Finance and Accounting, 2019, pp 351-360 from Springer Abstract: 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. Keywords: Insolvency; Bankruptcy; Reorganization; US GAAP; Czech GAAP (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-11851-8_33 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-11851-8_33 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
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