Contact us
 |
[email protected] |
 |
3275638434 |
 |
 |
| Paper Publishing WeChat |
Useful Links
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Radomir Božić
Vesna Mijović
Full-Text PDF
XML 834 Views
DOI:10.17265/1537-1514/2017.07.002
Affiliation(s)
University of East Sarajevo, Sarajevo, Bosnia and Heregovina
Indirect Taxation Authority of BiH, Sarajevo, Bosnia and Herzegovina
ABSTRACT
The paper points to the
need, importance, and approach to restructuring of the company in a dynamic
business environment, understood as a process of continuous monitoring and
review of the total potential, performance and market position of companies in
the function of ensuring its survival, growth, and development. The aim of this
paper is to research approaches, practices, and results of restructuring of
companies in the Republic of Srpska. The research is focused on the
restructuring of the companies in the implementation of bankruptcy proceeding
in the Republic of Srpska through legally allowed process of reorganization of
the bankruptcy debtor. Secondary information sources consist of previous
analyses of the efficiency of bankruptcy proceeding in the Republic of Srpska
focusing on restructuring (World Bank—International Finance Corporation, from
2004 to 2015; and the Supreme office for the Republic of Srpska
public sector auditing—Performance audit report “Bankruptcy proceeding
in the Republic of Srpska” for the period from 2008 to 2011). The empirical
research is based on a survey of bankruptcy trustees in the Republic of Srpska
during 2015, and direct inquiries in connection with the bankruptcy plan, as a
method of restructuring, according to the relevant institutions involved in
this area. The results of the study indicate the basic determinants and modest
results of bankruptcy debtors in reorganization of companies in the Republic of
Srpska, namely that the liquidation of the company is the dominant outcome of
the bankruptcy proceedings in the Republic of Srpska. The reasons are numerous,
and the untimely initiation of bankruptcy proceedings and the unfavorable
climate for investing are the main obstacles that prevent the reorganization of
the company during the conduct of the bankruptcy proceedings.
KEYWORDS
company crisis, restructuring, bankruptcy, reorganization plan, reorganization, company liquidation
Cite this paper
References