ANALYSIS OF THE INSOLVENCY OF ROMANIAN COMPANIES IN THE CONTEXT OF THE ECONOMIC CRISIS
This paper approaches an important topic in the field of insolvency, a present field, considering that bankruptcy threatens the development in good conditions of the activity of companies. Our approach concerns the analysis of the insolvency of Romanian trading companies in the context of the econ...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura Univeristatii "Stefan cel Mare" din Suceava
2013-12-01
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| Series: | USV Annals of Economics and Public Administration |
| Subjects: | |
| Online Access: | http://annals.seap.usv.ro/index.php/annals/article/view/506/595 |
| Summary: | This paper approaches an important topic in the field of insolvency, a present field, considering that
bankruptcy threatens the development in good conditions of the activity of companies. Our approach concerns the
analysis of the insolvency of Romanian trading companies in the context of the economic-financial crisis. Considering
the current economic crisis, the problem of insolvency is very present. From an economic and financial perspective,
insolvency is a reality of entrepreneurship, with a negative impact: it is conditioned and triggers inopportune and
inappropriate management of the patrimony of economic units. Our aim is to perform a comparative analysis in time
and space of the evaluation of the insolvency of trading companies, in order to grasp the common and specific elements
in defining and presenting insolvency. In the practical part of the paper, for processing the data collected from the
financial statements, we will use the SPSS software - Statistical Package for the Social Sciences. The database includes
30 insolvent companies in Romania, analyzed over a 5-year period. For a rigorous structure of the database, we will
select the companies that perform their activity in several activity branches. The results of the research show the crisis
that affects the analyzed Romanian companies. |
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| ISSN: | 2285-3332 2344-3847 |