Bankruptcy and What Cause It

Maria VASILE (budui)
Additional contact information
Maria VASILE (budui): Brăila, Romania

CECCAR Business Review, 2025, vol. 6, issue 4, 54-59

Abstract: This paper investigates bankruptcy as an economic, social, and historical phenomenon, focusing on the causes of its occurrence and its significance in the evolution of economic activity. Bankruptcy is often perceived as a financial defeat, but in reality, it is the result of more complex processes, such as bad managerial decisions, lack of adaptability to market changes, systemic disruptions or even political crises. In addition to the contemporary analysis of bankruptcy, the study offers an interesting foray into history, exploring the first documented bankruptcy – the financial collapse of an ancient state, which highlights the fact that this problem is not new at all. Through a combination of theoretical analysis, historical examples, and critical reflections, the paper aims to contribute to a better understanding of the mechanisms of bankruptcy and to highlight useful lessons for the present by providing historical examples in this regard.

Keywords: bankruptcy; insolvency; economic causes; financial history; crisis; poor management; economic collapse (search for similar items in EconPapers)
JEL-codes: G33 H12 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ceccarbusinessreview.ro/bankruptcy-and ... -a471d/download-PDF/ (application/pdf)
https://www.ceccarbusinessreview.ro/bankruptcy-and-what-cause-it-a471a/abstract/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:6:y:2025:i:4:p:54-59

DOI: 10.37945/cbr.2025.04.06

Access Statistics for this article

CECCAR Business Review is currently edited by Robert-Aurelian ȘOVA

More articles in CECCAR Business Review from Body of Expert and Licensed Accountants of Romania (CECCAR)
Bibliographic data for series maintained by Radu CIOBANU ().