The success in reorganization: Decision of Board Dependent

Tomáš Moravec

Journal of East European Management Studies, 2023, vol. 28, issue 2, 374-389

Abstract: The paper empirically investigates whether the success in the reorganization is contingent on the decision of the statutory body to provide specific measurements according to insolvency law in the dataset of 236 insolvency reorganizations in the Czech Republic conducted between 2009 and the end of 2021. It focuses on the dependence between success in the reorganization and the decision of the statutory board of the company about measurement in the insolvency proceeding. The author assumes that the decision to propose a reorganization plan involving measurement realized immediately after its acceptance leads to a higher probability of success of this plan in an insolvency proceeding. It takes into account the time, size and ratio of creditor’s satisfaction as an indirect variable.

Date: 2023
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DOI: 10.5771/0949-6181-2023-2-374

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