Factors of a Successfully Implemented Compulsory Settlement

Bukovšek Marjeta Zorin (), Bratina Borut () and Tominc Polona ()
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Bukovšek Marjeta Zorin: PhD Student at the Faculty of Economics and Business, University of Maribor, Slovenia
Bratina Borut: Faculty of Economics and Business, University of Maribor, Slovenia
Tominc Polona: Faculty of Economics and Business, University of Maribor, Slovenia

Naše gospodarstvo/Our economy, 2017, vol. 63, issue 1, 14-26

Abstract: In Slovenia, many companies try to avoid bankruptcy with the introduction of a compulsory settlement procedure, but only a handful of companies successfully complete the compulsory settlement in the sense of a final repayment of creditors in accordance with the adopted financial restructuring plan. The article identified the factors affecting the confirmation of a compulsory settlement as well as the factors affecting the final repayment of creditors and, thus, permanently eliminated the causes of insolvency. The factors were divided into internal and external, whereby the impact of factors on a successfully completed compulsory settlement was verified using quantitative and qualitative research methods.

Keywords: compulsory settlement; insolvency; financial restructuring plan; business restructuring; ownership restructuring (search for similar items in EconPapers)
JEL-codes: G33 G34 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ngooec:v:63:y:2017:i:1:p:14-26:n:2

DOI: 10.1515/ngoe-2017-0002

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