Print

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.

    Authors:  Dodonov Boris, Волькхарт Вінсент
    Research spheres:  Real sector
Share:
Powered by

Activemedia
© 2020
The Institute
for Economic Research
and Policy Consulting
address:
Reytarska 8/5-А,
01054 Kyiv, Ukraine
tel.:
+ 38 044 278-63-42
+ 38 044 278-63-60
fax:
e-mail:
+ 38 044 278-63-36
institute@ier.kyiv.ua
Use of site materials is allowed on condition of reference (for the internet publishing - links) on www.ier.com.ua