BANKRUPTCY THREATS FOR RUSSIAN ORGANIZATIONS AMID THE GLOBAL FINANCIAL CRISIS
https://doi.org/10.17747/2078-8886-2010-1-60-65
Abstract
The global financial and economic crisis significantly affected enterprises of the real economy sector. According to some estimates, in 2009 about 40% of unprofitable Russian businesses of this economy sector were bankrupt. An important task for the state management is preventing mass bankrupts and non-payments crisis. Some measures to reduce bankrupt risks for enterprises of the real economy sector have been suggested in order to save business and increase its efficiency.
About the Author
S. E. Kovan
Financial University under the Russian Federation Government
Russian Federation
Ph. D. (Technical Sciences), Professor of “Economics and Anti Crisis Management” Chair of the Financial University under the Russian Federation Government. Formerly employed as a Deputy Head of the Federal Service of Russia for Financial Recovery and Bankruptcy. Author of scientific monographs, educational aids and articles on anti crisis management problems. Participated in scientific research projects carried out by the Financial University for the benefits of the RF Government, the RF Ministry of Economy, the RF Ministry of Agriculture, the Moscow Department of Science and Industry and other institutions and organizations. Accredited by “Interregional Self-Regulating Organization of Professional Arbitration Managers” ANO in the capacity of a person carrying out consulting activities in implementation of companys’ bankruptcy procedures.
Russian Federation
Ph. D. (Technical Sciences), Professor of “Economics and Anti Crisis Management” Chair of the Financial University under the Russian Federation Government. Formerly employed as a Deputy Head of the Federal Service of Russia for Financial Recovery and Bankruptcy. Author of scientific monographs, educational aids and articles on anti crisis management problems. Participated in scientific research projects carried out by the Financial University for the benefits of the RF Government, the RF Ministry of Economy, the RF Ministry of Agriculture, the Moscow Department of Science and Industry and other institutions and organizations. Accredited by “Interregional Self-Regulating Organization of Professional Arbitration Managers” ANO in the capacity of a person carrying out consulting activities in implementation of companys’ bankruptcy procedures.
References
1. http://www.gks.ru/bgd/free/b04_03/Isswww.exe/Stg/d02/69.htm.
2. Статистический портал ГУ-ВШЭ – http://stat.hse.ru.
3. http://www.nalog.ru/html/docs/prl_ym09.xls.
Review
For citations:
Kovan S.E. BANKRUPTCY THREATS FOR RUSSIAN ORGANIZATIONS AMID THE GLOBAL FINANCIAL CRISIS. Strategic decisions and risk management. 2010;(1):60-65. (In Russ.) https://doi.org/10.17747/2078-8886-2010-1-60-65
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