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

• Authors: Morawska Sylwia , Prusak Błażej , Banasik Przemysław , Woźniak-Jęchorek Beata
• 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.

Keywords

EN

sanctions; bankruptcy law; transaction costs; property rights theory

• Publisher: Uniwersytet Ekonomiczny w Poznaniu
• Journal: Economics and Business Review
• Year: 2019
• Volume: 5 (19)
• Issue: 1
• Pages: 93-113

Dates

published

2019-03-22

Contributors

author

Morawska Sylwia

• Warsaw School of Economics, Collegium of Business Administration, ul. Madalińskiego 6/8, 02-513 Warszawa, Poland.

author

Prusak Błażej

• Gdańsk University of Technology, Faculty of Management and Economics, ul. Traugutta 79, 80-233 Gdańsk, Poland

author

Banasik Przemysław

• Gdańsk University of Technology, Faculty of Management and Economics, ul. Traugutta 79, 80-233 Gdańsk, Poland

author

Woźniak-Jęchorek Beata

• Poznań University of Economics and Business, Department of Macroeconomics and Development Studies, al. Niepodległości 10, 61-875 Poznań, Poland.

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Identifiers

DOI

10.18559/ebr.2019.1.6