DEVELOPMENT OF INITIATED BANKRUPTCIES IN SLOVAKIA AND THE CZECH REPUBLIC

Reference: Bič, M. (2022). Development of the Bankruptcy in Slovakia and the Czech Republic. International Journal of Entrepreneurial Knowledge, 10(1), 65-79. doi: 10.37335/ijek.v10i1.140

Authors

DOI:

https://doi.org/10.37335/ijek.v10i1.140

Abstract

Nowadays, entrepreneurs can very easily find themselves in a bad financial situation. That is why it is essential to look for ways to help them effectively. However, this cannot be done without knowing the real situation in each country, which is the basis for creating the appropriate conditions. The study's main objective was to identify and compare the development of insolvency indicators representing the bankruptcy of entrepreneurs in Slovakia and the Czech Republic from the first quarter of 2017 to the second quarter of 2021. Descriptive analysis and primary research methods were used to achieve this objective. The analytical processing dealt with the indicator of initiated bankruptcies. A fluctuating decline was observed in both countries. In 2020, a slight increase was recorded, and a further increase can be expected due to the coronavirus disease 2019 (COVID-19) pandemic. 2018 and 2017 were the least positive years for Slovakia and the Czech Republic, respectively. The results indicated the need for interventions in the business environment of both countries to help entrepreneurs in bad situations.

Author Biography

Martin Bič, Faculty of Mining, Ecology, Process Control and Geotechnologies, Technical University of Košice, Košice, Slovak Republic

Ing. Martin Bič

Faculty of Mining, Ecology, Process Control and Geotechnologies, Technical University of Košice, Letná 9, Košice 042 00, Slovak Republic

Email: martin.bic@tuke.sk

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Published

2022-06-30