Hrvatsko društvo ekonomista

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May 2014. ::: Vol.65 No. 02

Domagoj Sajter

EFFICIENCY OF CROATIAN COMMERCIAL COURTS IN PROCESSING BANKRUPTCY CASES Pregledni članak It is generally considered that bankruptcy procedures in Croatia are long-lasting, and that Commercial courts are sluggish in processing them. Having in mind that efficient bankruptcy system prevents dissipating of collective wealth created by many generations, it is important to obtain a reliable insight into its operation. The aim of this research is to gain a wider statistical description of duration of bankruptcy cases, and to differentiate Commercial courts by their efficiency in processing bankruptcy cases. The methods used are descriptive statistics, analysis of variance, and panel data analysis. Results show that efficiency of Commercial courts in Zagreb and Split are below-average, and above-average in Bjelovar and Zadar. Most cases were opened one or two years ago, but there is also a large number of lengthy procedures: almost every fifth case lasts for more than six years. bankruptcy statistics; efficiency; commercial courts; forum shopping; panel data analysis Puni tekst: pdf (500 KB), Hrvatski, Str. 155 - 178

EFFICIENCY OF CROATIAN COMMERCIAL COURTS IN PROCESSING BANKRUPTCY CASES

Pregledni članak

It is generally considered that bankruptcy procedures in Croatia are long-lasting, and that Commercial courts are sluggish in processing them. Having in mind that efficient bankruptcy system prevents dissipating of collective wealth created by many generations, it is important to obtain a reliable insight into its operation. The aim of this research is to gain a wider statistical description of duration of bankruptcy cases, and to differentiate Commercial courts by their efficiency in processing bankruptcy cases. The methods used are descriptive statistics, analysis of variance, and panel data analysis. Results show that efficiency of Commercial courts in Zagreb and Split are below-average, and above-average in Bjelovar and Zadar. Most cases were opened one or two years ago, but there is also a large number of lengthy procedures: almost every fifth case lasts for more than six years.

bankruptcy statistics; efficiency; commercial courts; forum shopping; panel data analysis

Puni tekst: pdf (500 KB), Hrvatski, Str. 155 - 178