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  6. Corporate Bankruptcy, a Spatial and Temp ...

Journal of Security and Sustainability Issues

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Corporate Bankruptcy, a Spatial and Temporal Perspective – the Case of Poland
Volume 13, Issue 1 (2023), pp. 17–28
Tomasz Tomczyk ORCID icon link to view author Tomasz Tomczyk details   Anna Szymańska ORCID icon link to view author Anna Szymańska details   Robert Dankiewicz ORCID icon link to view author Robert Dankiewicz details  

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https://doi.org/10.47459/jssi.2023.13.2
Pub. online: 19 December 2022      Type: Article      Open accessOpen Access

Received
15 September 2022
Accepted
8 December 2022
Published
19 December 2022

Abstract

Progressive changes in many areas of the business environment and internal processes in business entities are increasingly the cause of crises occurring in them, in extreme cases resulting in the need to declare bankruptcy. Bankruptcies can be considered, on the one hand, as a manifestation of maladaptation to the requirements and transformations of the market, but more and more often they become a derivative of phenomena over which entrepreneurs have absolutely no influence. The paper attempts to analyze the scale of business bankruptcies in Poland in 2009-2021, which was based on data from the Central Statistical Office and the Central Economic Information Center. Exploratory research was carried out on a time sample of 12,960 entities for the years 2009-2021, which declared bankruptcy in the analyzed period and represented all enterprises of the Polish market from the time period adopted for the research. The analyzed sample took into account the number of bankruptcies of enterprises falling on particular years. The purpose of the article is to analyze the scale of the bankruptcy phenomenon in Poland over the period 2009-2021 and to try to identify the existing dependencies.

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Keywords
bankruptcy bankruptcy risk trends in the phenomenon of bankruptcy

JEL
G32 G33 F37

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

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