THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMIC

This article presents the impact of the COVID-19 pandemic on the scale of corporate bankruptcies in Poland. The study aims to determine the changes in the number of corporate bankruptcies during the COVID-19 pandemic according to the following criteria: type of procedure, type of activity, and provi...

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Main Author: Katarzyna Boratyńska
Format: Article
Language:English
Published: Wydawnictwo SGGW - Warsaw University of Life Sciences Press 2022-12-01
Series:Polityki Europejskie, Finanse i Marketing
Subjects:
Online Access:https://pefim.sggw.edu.pl/article/view/4747
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author Katarzyna Boratyńska
author_facet Katarzyna Boratyńska
author_sort Katarzyna Boratyńska
collection DOAJ
description This article presents the impact of the COVID-19 pandemic on the scale of corporate bankruptcies in Poland. The study aims to determine the changes in the number of corporate bankruptcies during the COVID-19 pandemic according to the following criteria: type of procedure, type of activity, and province/region. The methods of analysis and processing of research results include descriptive and comparative analysis, as well as synthesis and deductive inference. The results indicate that the totalnumber of corporate bankruptcies and restructuring proceedings has increased significantly during the COVID-19 pandemic. The research shows that in 2021, in comparison to the previous year, there were 65.8% more bankruptcy and restructuring proceedings, but most of them (82%) werecarried out in the form of simplified restructuring procedures for approval of the arrangement in-troduced as part of the anti-crisis shield. The basis of the study was state public aid spent to support businesses in coping with the negative economic and social consequences triggered by the COVID-19 pandemic.
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institution Kabale University
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language English
publishDate 2022-12-01
publisher Wydawnictwo SGGW - Warsaw University of Life Sciences Press
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series Polityki Europejskie, Finanse i Marketing
spelling doaj-art-df1c95d45be048919eb4c6e1136b659d2025-02-03T01:55:12ZengWydawnictwo SGGW - Warsaw University of Life Sciences PressPolityki Europejskie, Finanse i Marketing2081-34302544-06402022-12-0128(77)10.22630/PEFIM.2022.28.77.12THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMICKatarzyna Boratyńska0Warsaw University of Life Sciences – SGGWThis article presents the impact of the COVID-19 pandemic on the scale of corporate bankruptcies in Poland. The study aims to determine the changes in the number of corporate bankruptcies during the COVID-19 pandemic according to the following criteria: type of procedure, type of activity, and province/region. The methods of analysis and processing of research results include descriptive and comparative analysis, as well as synthesis and deductive inference. The results indicate that the totalnumber of corporate bankruptcies and restructuring proceedings has increased significantly during the COVID-19 pandemic. The research shows that in 2021, in comparison to the previous year, there were 65.8% more bankruptcy and restructuring proceedings, but most of them (82%) werecarried out in the form of simplified restructuring procedures for approval of the arrangement in-troduced as part of the anti-crisis shield. The basis of the study was state public aid spent to support businesses in coping with the negative economic and social consequences triggered by the COVID-19 pandemic.https://pefim.sggw.edu.pl/article/view/4747corporate bankruptcyCOVID-19 pandemicrestructuring proceedings
spellingShingle Katarzyna Boratyńska
THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMIC
Polityki Europejskie, Finanse i Marketing
corporate bankruptcy
COVID-19 pandemic
restructuring proceedings
title THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMIC
title_full THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMIC
title_fullStr THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMIC
title_full_unstemmed THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMIC
title_short THE SCALE OF CORPORATE BANKRUPTCIES DURING THE COVID-19 PANDEMIC
title_sort scale of corporate bankruptcies during the covid 19 pandemic
topic corporate bankruptcy
COVID-19 pandemic
restructuring proceedings
url https://pefim.sggw.edu.pl/article/view/4747
work_keys_str_mv AT katarzynaboratynska thescaleofcorporatebankruptciesduringthecovid19pandemic
AT katarzynaboratynska scaleofcorporatebankruptciesduringthecovid19pandemic