OPŢIUNEA FALIMENT-REDRESARE ÎNTR-O VIZIUNE SISTEMICĂ
BANCRUPCY-RECOVERY DECISION IN A SYSTEMIC VIEW
Author(s): Brăduţ-Vasile BoloşSubject(s): Business Economy / Management, Accounting - Business Administration
Published by: Editura University Press Targu Mures
Keywords: systemic analysis; NPV; bankruptcy; alopoesis;
Summary/Abstract: The systemic approach on companies is a well established economic science practice. In systems research, some terms were created in order to give an overall perspective on systems in their relationship with their environment. So those systems were defined as autopoetic, heteropoetic and alopoetic. Those terms have been introduced on economic research by Milan Zelezny, Gunther Teubner and Alberto Febrajo in 1997. In our paper we present a view over the bankruptcy - recovery choice using these concepts. Since bankruptcy is generated by accumulated negative cash-flow, we will use cash income and cash expenses as inputs and outputs of the system, disregarding other inputs and outputs.
Journal: Acta Marisiensis. Seria Oeconomica
- Issue Year: 5/2011
- Issue No: 5
- Page Range: 1-10
- Page Count: 10
- Language: English, Romanian