THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLAND
Businesses operating in a market economy cannot guarantee the continuity of their operations. In economic realities, in addition to developing companies that work well, there are also companies that go bankrupt. The article aims to analyze the situation and indicate the reasons for the collapse o...
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Alfred Nobel University Publisher
2020-03-01
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Series: | Êvropejsʹkij Vektor Ekonomìčnogo Rozvitku |
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Online Access: | https://eurodev.duan.edu.ua/images/PDF/2020/2/3.pdf |
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doaj-15949f16577448a097fbc67eb50cc53d2021-03-02T13:02:57ZengAlfred Nobel University PublisherÊvropejsʹkij Vektor Ekonomìčnogo Rozvitku2074-53622020-03-0129261210.32342/2074-5362-2020-2-29-1THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLANDELŻBIETA BRĄGIEL0MAŁGORZATA GÓRKA1BOGUSŁAW ŚLUSARCZYK2MAGDALENA DYKIEL3Alfred Nobel University Alfred Nobel University Alfred Nobel University Alfred Nobel University Businesses operating in a market economy cannot guarantee the continuity of their operations. In economic realities, in addition to developing companies that work well, there are also companies that go bankrupt. The article aims to analyze the situation and indicate the reasons for the collapse of enterprises in Poland. To do this, an analysis of the number of newly created and liquidated enterprises was conducted on the basis of data from the Central Statistical Office and a synthesis of the causes of their collapse based on a review of the literature. The division of reasons for bankruptcy of companies into microeconomic reasons (endogenous, internal) and macroeconomic reasons (exogenous, external) is the most common. Microeconomic reasons lie in the enterprise - that is in its organizational structure, in the management system and in the economic information system. Macroeconomic causes of bankruptcy are defined as factors that are outside the sphere of direct influence of the enterprise. However, they have a great influence on the functioning of the economic entity, because they are directly or indirectly in its environment. External (exogenous) and internal (endogenous) causes of enterprise collapse differ in the ability to anticipate and prevent them, as well as the intensity of their consequences. It is difficult to unambiguously relate them to specific sectors, the size of the enterprise or place of business. Internal causes have a significant impact on businesses, but they are easier to identify, control and correct. External causes (although the force of influence is similar to internal ones) are much more difficult to predict, and their consequences are very severe. The paper presents a generalized list of endogenous and exogenous factors that cause bankruptcies.https://eurodev.duan.edu.ua/images/PDF/2020/2/3.pdfreasons for the collapsebankruptcy |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
ELŻBIETA BRĄGIEL MAŁGORZATA GÓRKA BOGUSŁAW ŚLUSARCZYK MAGDALENA DYKIEL |
spellingShingle |
ELŻBIETA BRĄGIEL MAŁGORZATA GÓRKA BOGUSŁAW ŚLUSARCZYK MAGDALENA DYKIEL THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLAND Êvropejsʹkij Vektor Ekonomìčnogo Rozvitku reasons for the collapse bankruptcy |
author_facet |
ELŻBIETA BRĄGIEL MAŁGORZATA GÓRKA BOGUSŁAW ŚLUSARCZYK MAGDALENA DYKIEL |
author_sort |
ELŻBIETA BRĄGIEL |
title |
THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLAND |
title_short |
THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLAND |
title_full |
THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLAND |
title_fullStr |
THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLAND |
title_full_unstemmed |
THE REASONS FOR THE COLLAPSE OF ENTERPRISES IN POLAND |
title_sort |
reasons for the collapse of enterprises in poland |
publisher |
Alfred Nobel University Publisher |
series |
Êvropejsʹkij Vektor Ekonomìčnogo Rozvitku |
issn |
2074-5362 |
publishDate |
2020-03-01 |
description |
Businesses operating in a market economy cannot guarantee the continuity of their
operations. In economic realities, in addition to developing companies that work well, there
are also companies that go bankrupt.
The article aims to analyze the situation and indicate the reasons for the collapse of
enterprises in Poland. To do this, an analysis of the number of newly created and liquidated
enterprises was conducted on the basis of data from the Central Statistical Office and a synthesis
of the causes of their collapse based on a review of the literature.
The division of reasons for bankruptcy of companies into microeconomic reasons
(endogenous, internal) and macroeconomic reasons (exogenous, external) is the most
common. Microeconomic reasons lie in the enterprise - that is in its organizational structure,
in the management system and in the economic information system. Macroeconomic causes of
bankruptcy are defined as factors that are outside the sphere of direct influence of the enterprise.
However, they have a great influence on the functioning of the economic entity, because they
are directly or indirectly in its environment.
External (exogenous) and internal (endogenous) causes of enterprise collapse differ in the
ability to anticipate and prevent them, as well as the intensity of their consequences. It is difficult
to unambiguously relate them to specific sectors, the size of the enterprise or place of business.
Internal causes have a significant impact on businesses, but they are easier to identify,
control and correct. External causes (although the force of influence is similar to internal ones)
are much more difficult to predict, and their consequences are very severe.
The paper presents a generalized list of endogenous and exogenous factors that cause
bankruptcies. |
topic |
reasons for the collapse bankruptcy |
url |
https://eurodev.duan.edu.ua/images/PDF/2020/2/3.pdf |
work_keys_str_mv |
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