Impacts of the electronic Insolvency Register on the Czech business environment
| Author(s): | PhDr. Mgr. Jana Gutiérrez Chvalkovská , † prof. Ing. Michal Mejstřík CSc., |
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| Type: | Article in collection |
| Year: | 2009 |
| Number: | 0 |
| ISSN / ISBN: | 987-3-85403-255-7 |
| Published in: | 7th Eastern European e|Gov Days:Taking the eGovernment Agenda Forward: Meeting the Challenges of Digital Governance, Justice and Public Sector Information |
| Publishing place: | 7th Eastern European e|Gove Days, April 23 - 24, 2009, Břevnov Monastery |
| Keywords: | eJustice, Insolvency Register, business environment, eGovernment stages model |
| JEL codes: | |
| Suggested Citation: | • Chvalkovská J. – Mejstřík, M.” Impacts of the electronic Insolvency Register on the Czech business environment”, in 7th Annual Eastern European e|Gov Days : eGovernment & eBusiness Ecosystem & eJustice Conference Proceedings, ISBN987-3-85403-255-7, Prague 2009 |
| Grants: | IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development |
| Abstract: | This paper discusses the role of a specific part of eJustice – of the electronic Insolvency Register – on the quality of the Czech business environment. The Czech Insolvency Register is, unlike similar registries in other EU Member States, accessible free of charge becoming thus an efficient tool for courts, creditors, debtors and other economic agents. The paper shows that the implementation of the electronic version of the Insolvency Register has helped to decrease the uncertainty of stakeholders in the insolvency procedure by reducing the problems of asymmetric information and moral hazard that are inherently present in every insolvency procedure. The electronic Insolvency Register influences the efficiency of the insolvency procedure – especially the speed of the process and the size of insolvency recovery rate – and thus indirectly facilitates the return of productive assets back in the economy. The transparency of the creditor-debtor-court relations in insolvency procedures enhanced by the electronic free-of-charge Insolvency Register leads directly to improvement of the Czech business environment, which is a rather important feature given the ongoing global economic crisis. |
