Pregled bibliografske jedinice broj: 766711
Over-indebtedness Management in the European Union: Competitiveness of National Business Environments in Enforcing Contracts
Over-indebtedness Management in the European Union: Competitiveness of National Business Environments in Enforcing Contracts // Economic Integrations, Competition and Cooperation: Accession of the Western Balkan Region to the European Union/ Intégrations Économiques, Concurrence et Cooperation: Adhésion des régions des Balkans occidentaux à l’Union européenne / Kandžija, Vinko ; Kumar, Andrej (ur.).
Nica: CEMAFI International, 2016. str. 136-158
CROSBI ID: 766711 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Over-indebtedness Management in the European Union: Competitiveness of National Business Environments in Enforcing Contracts
Autori
Škalamera Alilović, Dunja ; Dimitrić, Mira
Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni
Knjiga
Economic Integrations, Competition and Cooperation: Accession of the Western Balkan Region to the European Union/ Intégrations Économiques, Concurrence et Cooperation: Adhésion des régions des Balkans occidentaux à l’Union européenne
Urednik/ci
Kandžija, Vinko ; Kumar, Andrej
Izdavač
CEMAFI International
Grad
Nica
Godina
2016
Raspon stranica
136-158
ISBN
978-2-9544508-9-6
Ključne riječi
insolvency, business environment, enforcing contracts
Sažetak
Over-indebtedness is a permanent companion phenomenon to insolvency, and is often argued to be its main cause, although certainly not the only one. The value of unsettled liabilities has been steadily rising in the past decade, increasing to a large extent the number of businesses that can be labeled as over-indebted. The legal business environment framework is considered to have an important facilitating/limiting role in treating the problems arising from businesses’ over- indebtedness. The efficiency of the judicial system in resolving a commercial dispute is regarded as an essential part of such framework. The goal of this paper is to detect the most reformative national economies in the European Union in regards to business over- indebtedness management. This includes the assessment of each country’s time frame, cost levels and procedural burden imposed on businesses when enforcing contracts through courts. This should reveal the features of a business environment which would serve as a platform for finding better indebtedness management possibilities. The methodology entails using the World Bank data on the efficiency in settling commercial disputes across all EU national economies in the period of 12 years. The scoring system is developed and applied to the data. The indicators cover: time, expressed in days needed to resolve a commercial sale dispute through court ; attorney, court, and enforcement costs, as percentage of the claim value ; and the number of steps to file a claim, obtain and enforce court rulings. Consequently, the countries are ranked according to the intensity of their reformative efforts in the field of over- indebtedness management, aimed at improving the practice in enforcing sale contracts in the researched period. The features of the highest ranking countries are analyzed, in order to determine the best practices in facilitating the role of such frameworks.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Napomena
This work has been supported by the Croatian Science Foundation under the project 6558 Business and Personal Insolvency: The Ways to Overcome Excessive Indebtedness and it's a part of a project "Koncepti i metode troškovnog i upravljačkog računovodstva u javnom sektoru Republike Hrvatske" (number:13.02.1.2.09).
POVEZANOST RADA
Projekti:
HRZZ-IP-2013-11-6558 - Poslovna i osobna insolventnost - putevi izlaska iz prezaduženosti (BPII) (Dimitrić, Mira, HRZZ - 2013-11) ( CroRIS)
081-0811272-1276 - Koncepti i metode troškovnog računovodstva u javnom sektoru Republike Hrvatske (Dimitrić, Mira, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Rijeka