The evolution view on the insolvency phenomenon in post-December Romania Cover Image

The evolution view on the insolvency phenomenon in post-December Romania
The evolution view on the insolvency phenomenon in post-December Romania

Author(s): Dan Lupu
Subject(s): Economy
Published by: Editura Universitară Danubius
Keywords: bankruptcy; economy sector; closing indicators

Summary/Abstract: The purpose of this article is to present the evolution of the phenomenon of insolvency in post communist Romania. An important feature of a market economy it is the active selection mechanism by which solid and efficient firms supersede the least effective and the goods and new activities to replace the old. Present article attempts describes the provisions of the Romanian insolvency law, is investigating the facts existing and possible remedies that could lead to increased competitiveness and functionality of the Romanian economy.

  • Issue Year: 31/2012
  • Issue No: 04
  • Page Range: 35-42
  • Page Count: 8