Sanctions and their role in preventing the appropriation of the creditor’s property rights in bankruptcy proceedings–the case of Poland
DOI:
https://doi.org/10.18559/ebr.2019.1.6Keywords:
sanctions, bankruptcy law, transaction costs, property rights theoryAbstract
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.Downloads
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Published
2019-03-30
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Section
Research article- regular issue
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Copyright (c) 2019 Poznań University of Economics and Business

This work is licensed under a Creative Commons Attribution 4.0 International License.
How to Cite
Morawska, S., Prusak, B. P., 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, 5(1), 93-113. https://doi.org/10.18559/ebr.2019.1.6