Evaluation of the payability of Russian companies and practice of using their bankruptcy procedures
https://doi.org/10.20914/2310-1202-2020-2-222-233
Abstract
In modern business conditions, an increasing number of Russian companies have problems with solvency, as a result of which they are forced to go into bankruptcy proceedings. In such conditions, it seems important to develop the rehabilitation potential of business bankruptcy. The objectives of the work are to identify the reasons for the low solvency of Russian companies, as well as the rare use of bankruptcy rehabilitation procedures and their low effectiveness, which will allow us to identify new approaches to the development of the rehabilitation, including health, bankruptcy potential. In the course of the study, a comprehensive and systematic approach to the studied processes and phenomena was applied, which are implemented by means of general scientific methods: scientific abstraction, analysis and synthesis. The use of standard analytical methods (comparison, summaries and groupings) made it possible to assess the solvency of Russian companies, their participation in bankruptcy proceedings and the effectiveness of bankruptcy proceedings. The study made it possible to conclude that today the activities of the overwhelming majority of insolvent Russian companies are completed with the help of bankruptcy proceedings, while the main function of bankruptcy rehabilitation procedures is solely in debt repayment extended over time, which requires further improvement by adding a vector to preservation and development of the debtor's business. The results of the study can be used in analytical practice, as well as to develop new approaches to the development of the rehabilitation potential of bankruptcy proceedings.
About the Author
N. M. Baklaeva
Plekhanov Russian University of Economics, Pyatigorsk Branch
Russian Federation
Cand. Sci. (Econ.), associate professor, economy, finance and law department, Kuchur Str., 8, Pyatigorsk, 357500, Russia
Russian Federation
Cand. Sci. (Econ.), associate professor, economy, finance and law department, Kuchur Str., 8, Pyatigorsk, 357500, Russia
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For citations:
Baklaeva N.M. Evaluation of the payability of Russian companies and practice of using their bankruptcy procedures. Proceedings of the Voronezh State University of Engineering Technologies. 2020;82(2):222-233. (In Russ.) https://doi.org/10.20914/2310-1202-2020-2-222-233
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