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eKonferencije.com: Macroeconomic determinants of Bankruptcy in the Romanian Economy

Macroeconomic determinants of Bankruptcy in the Romanian Economy

1. Ioana Maria Bucerzan (Married Precup)

In the present economic climate, the bankruptcy phenomenon has gained a major attention, due to its widely spread consequences – from macroeconomic level to individual level. Bankruptcy is not a new object of research, in fact it’s a vast topic of discussion and therefore, the present paper aims to investigate the main macroeconomic determinants of business failure in the Romanian economy during 2006-2009, using a vecotor autoregressive model (VAR). Given the unstable business environment in Romania and the transition period towards a functional market economy, we assumed that external factors, reflected trough macroeconomic indicators, changes in the insolvency law and the financial crises, have a significant influence on business failure.

Ključne reči :

Tematska oblast: The effect of the 2007-2009 global financial and e

Datum: 27.06.2012.

Br. otvaranja: 410

REDETE 2012


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