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2019 | 5 (19) | 1 | 93-113

Article title

Sanctions and their role in preventing the appropriation of the creditor’s property rights in bankruptcy proceedings–the case of Poland

Content

Title variants

Languages of publication

EN

Abstracts

EN
The aim of this paper is to fill the cognitive gap regarding the role of sanctions in the protection of a creditor’s property rights in the event of an entrepreneur insolvency. The impact of sanctions on transaction costs, including their identification and types, as well as the impact on the protection of creditor rights, has been poorly recognized in the subject literature to date. This article investigates the theory of transaction costs and property rights by providing an identification and description of formal negative sanctions, as well as their impact on counteracting the appropriation of creditors’ rights in bankruptcy proceedings. These studies are part of the discussion on the role of formalized negative sanctions, in terms of enforcing behaviours expected by the legislator.

Year

Volume

Issue

1

Pages

93-113

Physical description

Dates

published
2019-03-22

Contributors

  • Warsaw School of Economics, Collegium of Business Administration, ul. Madalińskiego 6/8, 02-513 Warszawa, Poland.
  • Gdańsk University of Technology, Faculty of Management and Economics, ul. Traugutta 79, 80-233 Gdańsk, Poland
  • Gdańsk University of Technology, Faculty of Management and Economics, ul. Traugutta 79, 80-233 Gdańsk, Poland
  • Poznań University of Economics and Business, Department of Macroeconomics and Development Studies, al. Niepodległości 10, 61-875 Poznań, Poland.

References

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  • Cepec, J., Kovac, M. (2016). Carrots and Sticks as Incentive Mechanisms for the Optimal Initiation of Insolvency Proceedings DANUBE: Law and Economics Review, 2, 79-103.
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Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-b366d41e-0abe-4aac-b106-fee49317b178
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