Bankruptcies: a victim of the corona crisis?

Jahr: 2021

Typ: Report

Open Science:

Gold

The sales plunge triggered by the corona crisis has shoved many companies into financial distress. However, the number of German companies filing for insolvency proceedings (bankruptcy) fell astonishingly during the pandemic. This is revealed by a newly compiled insolvency database of the TRR 266. However, “the fewer the better” does not apply in this case. Find out what this paradox is about, why restarting the economy after the pandemic could be difficult, and why bankruptcy research is so important.

Veröffentlichungsinformationen

TRR 266 researchers

Urska Kosi Paderborn University

Urska Kosi is Professor for Financial Accounting and Auditing at Paderborn University. Her research interests include corporate debt markets, in particular the effects of financial and sustainability reporting on corporate debt financing, economic consequences of financial reporting practices in private firms and political process of standard setting. She is member of the editorial board of Accounting in Europe and the national representative of Germany at the European Accounting Association.

Joachim Gassen Humboldt University of Berlin

Joachim Gassen is Professor for Accounting at Humboldt University of Berlin and distinguished affiliate professor at ESMT Berlin. His research focuses on the role of accounting information in markets and contracts. He is currently acting as the departmental editor for accounting at the German business association journal “Business Research” and is co-chairing the Doctoral Colloquium of the European Accounting Association. In addition, he is member of the Academic Panel of the European Financial Reporting Advisory Group (EFRAG).

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trr266_bankruptcies_a_victim_of_the_ corona_crisis

To cite this article

Gassen, J., & Kosi, U. (2021). Bankruptcies: a victim of the corona crisis?. TRR 266 Accounting for Transparency. https://doi.org/10.52569/SWNU5811

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