Factors and Reasons of Companies Bankruptcy in Present Economic Conditions
The authors state that an understanding of nature, knowledge of economic rationales, an analysis of factors and reasons of bankruptcy processes are necessary for management of socioeconomic systems’ crises and allow the prediction of the crisis in companies. Certain skills of eliminating of rationales, factors and reasons of crises give an opportunity to take preliminary measures in time, to develop the policy of crisis management and to minimize consequences of the financial crisis that already occured, i. e. to prevent bankruptcy. Authors identify economic rationales, which cause companies’ bankruptcies in market economic conditions; offer typology of bankruptcy factors, which allows to take into account the specifics of bankruptcy arising in a transition economy on macro level and to consider in detail some microeconomic bankruptcy factors; systemize the most widespread reasons of Russian companies’ insolvency.