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
AbstractThe 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.
|Journal series||Economics and Business Review, [Poznan University of Economics Review], ISSN 2392-1641, e-ISSN 2450-0097, [1643-5877], (N/A 40 pkt)|
|Publication size in sheets||1|
|Keywords in Polish||sankcje, prawo upadłościowe, koszty transakcyjne, teoria praw własności|
|Keywords in English||sanctions, bankruptcy law, transaction costs, property rights theory|
|Score||= 40.0, 06-04-2020, ArticleFromJournal|
|Publication indicators||= 0|
|Citation count*||1 (2020-06-25)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.