A STUDY REGARDING THE BANKRUPTCY IN ROMANIA. REGIONAL COMPARISONS
Daniel Circiumaru (),
Marian Siminica () and
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Nina Begicevic: University of Craiova Faculty of Economics and Business Administration Craiova, RomanUniversity of Zagreb Faculty of Organization and Informatics Varazdin, Croatiaia,
Revista Tinerilor Economisti (The Young Economists Journal), 2007, vol. 1, issue 9, 148-154
The academic world showed a big interest for the study of the companies in financial distress in the last years, due to the implications of the bankruptcy process on the Romanian economy. In this paper, we carried out a study of the main specific features of the bankruptcy in Romania in the period 2003 – 2005. Also, we made a comparison with other countries from the Eastern and Central Europe. The results of this study emphasizes that the trading branches provide the biggest number of bankruptcies in the Romanian economy and also that Romania has a bigger bankruptcy rate than the average level in the Eastern Europe.
Keywords: bankruptcy; failure; financial distress; judiciary reorganization (search for similar items in EconPapers)
JEL-codes: G2 G3 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2007:i:9:p:148-154
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