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

Sylwia Morawska , Błażej Prusak , Przemysław Banasik , Beata Woźniak-Jęchorek

Abstract

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.
Author Sylwia Morawska - Szkoła Główna Handlowa w Warszawie (SGH)
Sylwia Morawska,,
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, Błażej Prusak - Gdańsk University of Technology (PG), MNiSW [80]
Błażej Prusak,,
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, Przemysław Banasik - Politechnika Gdańska
Przemysław Banasik,,
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, Beata Woźniak-Jęchorek (WE / KMiBR)
Beata Woźniak-Jęchorek,,
- KMiBR
Journal seriesEconomics and Business Review, [Poznan University of Economics Review], ISSN 2392-1641, e-ISSN 2450-0097, [1643-5877], (N/A 40 pkt)
Issue year2019
Vol5
No1
Pages93-113
Publication size in sheets1
Keywords in Polishsankcje, prawo upadłościowe, koszty transakcyjne, teoria praw własności
Keywords in Englishsanctions, bankruptcy law, transaction costs, property rights theory
DOIDOI:10.18559/ebr.2019.1.6
URL http://www.ebr.edu.pl/pub/2019_1_93.pdf
Languageen angielski
File
Strony od Review 50-8-6_S.Morawska et al..pdf 234.85 KB
Score (nominal)40
Score sourcejournalList
ScoreMinisterial score = 40.0, 06-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 0
Citation count*1 (2020-09-10)
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