Factors of a Successfully Implemented Compulsory Settlement

Author:

Bukovšek Marjeta Zorin1,Bratina Borut2,Tominc Polona2

Affiliation:

1. PhD Student at the Faculty of Economics and Business, University of Maribor, Slovenia

2. Faculty of Economics and Business, University of Maribor, Slovenia

Abstract

Abstract In Slovenia, many companies try to avoid bankruptcy with the introduction of a compulsory settlement procedure, but only a handful of companies successfully complete the compulsory settlement in the sense of a final repayment of creditors in accordance with the adopted financial restructuring plan. The article identified the factors affecting the confirmation of a compulsory settlement as well as the factors affecting the final repayment of creditors and, thus, permanently eliminated the causes of insolvency. The factors were divided into internal and external, whereby the impact of factors on a successfully completed compulsory settlement was verified using quantitative and qualitative research methods.

Publisher

Walter de Gruyter GmbH

Subject

Industrial and Manufacturing Engineering,General Agricultural and Biological Sciences,General Business, Management and Accounting,Materials Science (miscellaneous),Business and International Management

Reference39 articles.

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