Sanctions and their role in preventing the appropriation of the creditor’s property rights in bankruptcy proceedings–the case of Poland

Sylwia Morawska; Błażej Prusak; Przemysław Banasik; Woźniak-jęchorek Beata

doi:10.18559/ebr.2019.1.6

Sanctions and their role in preventing the appropriation of the creditor’s property rights in bankruptcy proceedings–the case of Poland

Abstract

The aim of this paper is to fill the cognitive gap regarding the role of sanc-tions in the protection of a creditor’s property rights in the event of an entrepreneur insolvency. The impact of sanctions on transaction costs, including their identifica-tion and types, as well as the impact on the protection of creditor rights, has been poorly recognized in the subject literature to date. This article investigates the theory of transaction costs and property rights by providing an identification and description of formal negative sanctions, as well as their impact on counteracting the appropria-tion of creditors’ rights in bankruptcy proceedings. These studies are part of the dis-cussion on the role of formalized negative sanctions, in terms of enforcing behaviours expected by the legislator.

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Authors (4)

Sylwia Morawska dr hab.
- Szkoła Główna Handlowa w Warszawie Kolegium Nauk o Przedsiębiorstwie
Błażej Prusak dr hab.
Przemysław Banasik dr hab.
Woźniak-jęchorek Beata dr hab.
- Uniwersytet Ekonomiczny w Poznaniu Katedra Makroekonomii i Badań nad Rozwojem

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Keywords

SANCTIONS, BANKRUPTCY LAW, TRANSACTION COSTS, PROPERTY RIGHTS THEORY

Details

Category:: Articles
Type:: artykuły w czasopismach recenzowanych i innych wydawnictwach ciągłych
Published in:: Economics and Business Review no. 5(19), pages 93 - 113,
ISSN: 2392-1641
Language:: English
Publication year:: 2019
Bibliographic description:: Morawska S., Prusak B., Banasik P., Beata W.: Sanctions and their role in preventing the appropriation of the creditor’s property rights in bankruptcy proceedings–the case of Poland// Economics and Business Review. -Vol. 5(19)., iss. 1 (2019), s.93-113
DOI:: Digital Object Identifier (open in new tab) 10.18559/ebr.2019.1.6
Verified by:: Gdańsk University of Technology