Academic Journal
A Conceptual Model and Hypothesis of Firm Bankruptcy: A Romanian Case Study.
| Title: | A Conceptual Model and Hypothesis of Firm Bankruptcy: A Romanian Case Study. |
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| Authors: | BLAGA, Sorin I. sblaga@iinet.net.au |
| Source: | Review of International Comparative Management / Revista de Management Comparat International. Mar2023, Vol. 24 Issue 1, p211-226. 17p. |
| Abstract: | This paper employs a unique approach in studying firm bankruptcy and presents a conceptual framework that identifies several variables that may predict a firm's bankruptcy. Past research has identified entrepreneurs' personality and behaviour (selfefficacy, locus of control and risk-taking), business management knowledge, past entrepreneurial experience, firm undercapitalization, financial literacy and entrepreneurial education, existing entrepreneurial culture, and institutional support as key factors. To differentiate Romanian entrepreneurs from others, this study proposes nine hypotheses for testing. Quantitative methodology is chosen to best serve this study's objective of making bankrupt entrepreneurs heard and to bring in economic and legal changes that will decrease bankruptcy in Romania. [ABSTRACT FROM AUTHOR] |
| Subject Terms: | *Businesspeople, *Bankruptcy, *Financial literacy, *Industrial management, *Debtor & creditor, Conceptual models, Literacy, Entrepreneurship education |
| Geographic Terms: | Romania |
| Copyright of Review of International Comparative Management / Revista de Management Comparat International is the property of Academy of Economic Studies Bucharest and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| ISSN: | 15823458 |
| DOI: | 10.24818/RMCI.2022.1.211 |
| Database: | Business Source Complete |
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