Factors of a Successfully Implemented Compulsory Settlement

Marjeta Zorin Bukovšek 1 , Borut Bratina 2 ,  and Polona Tominc 3
  • 1 PhD Student at the Faculty of Economics and Business, University of Maribor, Slovenia
  • 2 Faculty of Economics and Business, University of Maribor, Slovenia
  • 3 Faculty of Economics and Business, University of Maribor, Slovenia

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.

If the inline PDF is not rendering correctly, you can download the PDF file here.

OPEN ACCESS

Journal + Issues

Search