Institutional and Behavior Foundations of Crisis and Bankruptcy Cover Image

Институционална и поведенческа основа на кризата и фалита
Institutional and Behavior Foundations of Crisis and Bankruptcy

Author(s): Kamen Kamenov
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: J24; L16; G33

Summary/Abstract: The problems concerning the financial and economic crisis are multifaceted. The focus on the institutional and behavioral foundations of crisis and bankruptcy reveals another aspect – of the behavior of the human factor and the psychological reasons for emerging of crisis situations. The behavior of the market subjects throughout the crisis is not less significant for coming out of it and for setting up a sustainable market. The analysis of the flexible crisis network as the last obstacle before the bankruptcy justifies the search of new forms of market behavior, matching up the available conditions.

  • Issue Year: 2009
  • Issue No: 4
  • Page Range: 3-23
  • Page Count: 21
  • Language: Bulgarian