EconPapers    
Economics at your fingertips  
 

CERTAIN CONSIDERATIONS REGARDING RISK MANAGEMENT IN INSOLVENCY PROCEEDINGS

Nicoleta Munteanu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2017, vol. 11, issue 1, 638-651

Abstract: In this article I have tried to analyze the manner in which risk management, as a branch of organizational management, can be applied in insolvency proceedings. In order to reach this general objective, I have structured a few specific objectives: the identification of the type activities in insolvency proceedings and the identification of the risk generating sub-activities; the drafting of a matrix for risk ranking; identification of the elements of the risk management process in insolvency proceedings and also of the elements of the risk documentation plan. Using the Delphi technique, through a questionnaire administered to the insolvency practitioners, in a first stage, I have identified the type activities specific to the insolvency proceedings, which, in my opinion, can be constituted in an insolvency management. In the second stage of the research, I have identified, for each type activity, the risk generating sub-activities in insolvency proceedings. Starting from the classic risk indicators (frequency and effect), I have built a matrix for the ranking of the risk generating sub-activities in insolvency proceedings. In the third stage of the research, I have proposed, based on the answers offered by the questioned persons, the elements of the risk management process in insolvency proceedings. Starting from the importance of risk analysis, I have considered adequate to structure a risk documentation plan, questioning the insolvency practitioners through the Delphi technique and, also, for 10 of them, I have administered, in order, a brainstorming and a focus-group.

Keywords: insolvency; insolvency proceedings; risk; risk analysis; risk management; risk prevention (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://conference.management.ase.ro/archives/2017/pdf/3_19.pdf (application/pdf)

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:rom:mancon:v:11:y:2017:i:1:p:638-651

Access Statistics for this article

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE is currently edited by Ciocoiu Nadia Carmen

More articles in Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC.
Series data maintained by Ciocoiu Nadia Carmen ().

 
Page updated 2018-02-24
Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:638-651