Economics and Business Review

Volume 5 (19) Number 1 pp. 93-113

Sylwia Morawska1, Błażej Prusak2, Przemysław Banasik3, Beata Woźniak-Jęchorek4

1Warsaw School of Economics, Collegium of Business Administration, Warszawa, Poland.
2
Gdańsk University of Technology, Faculty of Management and Economics, Gdańsk, Poland.
3
Poznań University of Economics and Business, Department of Macroeconomics and Development Studies, Poznań, Poland.

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 sanctions
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 identification
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 appropriation
of creditors’ rights in bankruptcy proceedings. These studies are part of the discussion
on the role of formalized negative sanctions, in terms of enforcing behaviours
expected by the legislator.

pub/2019_1_93.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume19/issue1/2019_1_93.pdf
Keywords: sanctions, bankruptcy law, transaction costs, property rights theory

DOI: 10.18559/ebr.2019.1.6

For citation:

MLA Morawska, Sylwia, et al. "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 EBR 19.1 (2019): 93-113. DOI: 10.18559/ebr.2019.1.6
APA Morawska, S., Prusak, B., Banasik, P., & Woźniak-Jęchorek, B. (2019). 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 EBR 19(1), 93-113 DOI: 10.18559/ebr.2019.1.6
ISO 690 MORAWSKA, Sylwia, et al. 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 EBR, 2019, 19.1: 93-113. DOI: 10.18559/ebr.2019.1.6