Archive 2001

• 24.12.2001

  Does Ukraine need more bankruptcies? Issues of market exit in a distressed economy

  (Code:Q13)

  The role of any bankruptcy procedure is twofold: firstly, to ensure the most efficient use of the assets of the enterprise after its default (ex post efficiency) and, secondly, to establish adequate incentives for the management to perform well prior to the default (ex ante efficiency). Without the threat to loose the property in case of inefficient production, the driving force of any market economy is missing.

  Attached file  (78.4 kb)
  Authors:  Dodonov Boris, Волькхарт Вінсент
  Tags:  bankrupcy, crisis, German Advisory Group
  Research spheres:  Real sector