Politická ekonomie 2017, 65(3):287-300 | DOI: 10.18267/j.polek.1144

Charakteristiky insolvenčních řízení společností s virtuálními sídly

Luboš Smrčka1, Dagmar Čámská2, Markéta Arltová3, Jan Plaček4
1 Luboš Smrčka (lubos.smrcka@vse.cz), Vysoká škola ekonomická v Praze, Fakulta podnikoho-spodářská
2 Dagmar Čámská (dagmar.camska@cvut.cz), České vysoké učení technické v Praze, Masarykův ústav vyšších studií
3 Markéta Arltová (marketa.arltova@vse.cz), Vysoká škola ekonomická v Praze, Fakulta informatiky a statistiky
4 Jan Plaček (jan.placek@vse.cz), Vysoká škola ekonomická v Praze, Fakulta podnikohospodářská

Characteristics of Insolvency Proceedings of Enterprises with Virtual Address

The aim of the research is to show differences between characteristics of insolvency proceedings of traditional and virtual enterprises. This paper focuses on results of insolvency proceedings in the case of enterprises which do not have a traditional headquarter. Instead of the traditional headquarter these enterprises are registered at virtual addresses for a purpose of business register. Among the professional public this institute enables discussions about lower transparency and even functioning of grey-area. First the paper analyzes results for enterprises with virtual address and second these results are compared with traditional enterprises. Research questions are based on probability of insolvency proposal, kind of bankruptcy (with default and without default) and level of creditors' satisfaction. The used data are extracted from business as well as insolvency register. The gained results show that there are significant differences between the insolvency proceedings of traditional and virtual enterprises which have in this case higher probability of insolvency, lower level of creditor's satisfaction and therefore many cases finish without default due to enterprises' property emptiness.

Keywords: insolvency proceeding, virtual address, traditional headquarter, level of creditors' satisfaction, default, Czech Republic
JEL classification: C1, M21

Published: June 1, 2017  Show citation

ACS AIP APA ASA Harvard Chicago IEEE ISO690 MLA NLM Turabian Vancouver
Smrčka, L., Čámská, D., Arltová, M., & Plaček, J. (2017). Characteristics of Insolvency Proceedings of Enterprises with Virtual Address. Politická ekonomie, 65(3), 287-300. doi: 10.18267/j.polek.1144
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Becht, M., Mayer, C., Wagner, H. F. (2008). Where do Forms Incorporate? Deregulation and the Cost of Entry. Journal of Corporate Finance, 14(3), 241-256, https://doi.org/10.1016/j.jcorpfin.2008.04.002 Go to original source...
    2. Brunelle, E. (2009). Do Virtual Enterprises Exist? A Proposed Analysis Model. Intenational Journal of e-Business Management, 3(2), 43-55, https://doi.org/10.3316/ijebm0302043 Go to original source...
    3. Creditreform (2016). Vývoj insolvencí v České republice v roce 2015. Dostupné z:
    4. Čibera, R., Krabec, T. (2016). Behaviorální finance a ocenění majetkové podstaty v insolvenčním řízení. Ekonomika a management, 10(1), 13 s.
    5. ČSÚ (2015). Ekonomické subjekty podle vybraných právních forem a aktivity v územním členění k 31. 12. 2014. Český statistický úřad. Statistická ročenka České republiky - 2015, Organizační struktura národního hospodářství. Dostupné z: https://www.czso.cz/csu/czso/12-organizacni-struktura-narodniho-hospodarstvi-
    6. Davenport, T. H., Pearlson, K. (1998). Two Cheers for the Virtual Office. Sloan Management Review, 39(4), 51-65.
    7. Davidow, W. H., Malone, M. S. (1992). The Virtual Corporation: Structuring and Revitalizing the Corporation for the 21st Century. New York: Harper Collins. ISBN 9780887305931.
    8. Goodwyn, J. (2016). The History of the Virtual Office. Servcorp. Dostupné z: http://www.servcorp.com/en/blog/office-space-rental/the-history-of-the-virtual-office/
    9. Kislingerová, E., Richter, T., Smrčka, L., aj. (2013). Insolvenční praxe v České republice v období 2008-2013. Praha: C. H. Beck. ISBN 978-80-7400-497-1.
    10. Lidové noviny (2014). Petr, M.: Finanční úřad vystěhuje z Prahy tisíce firem, 29. 11. 2014.
    11. Lipton, J. (2009). Going Virtual. Forbes. Dostupné z: http://www.forbes.com/2009/02/13/davinci-regus-virtual-financial-adviser-network_0213_virtual-office.html
    12. Louda, L., Čámská, D. (2016). Vývoj počtu insolvenčních návrhů - regionální úroveň. Ekonomika a management, 10(1), 11 s.
    13. Malá, I. (2013). Statistické úsudky. Praha: Professional Publishing. ISBN 978-80-7431-127-7.
    14. Mcafee, A. (2011). The Big Question The Rise Of The Virtual Office. Technology Review, 114(5), 93-95.
    15. McCrae, B. (2003). Why Pay Rent? Alternative Office Options For Today's Small Businesses. Business Know How. Dostupné z: http://www.businessknowhow.com/homeoffice/whyrent.htm
    16. Mooney, C. W. (2014). Harmonizing Choice-of-Law Rules for International Insolvency Cases: Virtual Territoriality, Virtual Universalism, and the Problem of Local Interests. Brooklyn Journal of Corporate, Financial, & Commercial Law, 9(1), 120-151.
    17. Paseková, M. (2013). Personal Bankruptcy and its Social Implications. International Advances in Economic Research, 19(3), 319-320, https://doi.org/10.1007/s11294-013-9410-7 Go to original source...
    18. Plaček, J., Louda, L. (2015). Insolvency of Companies with Virtual Headquarters. The 9th International Days of Statistics and Economics. V tisku.
    19. Richter, T. (2011). Tunneling: the Effect - and the Cause - of Bad Corporate Law. Columbia Journal of European Law, 17-23.
    20. Smrčka, L., Schönfeld, J., Arltová, M., Plaček, J. (2014). The Signifikance of Insolvency Statistics and the Regression Analysis Thereof - the Example of the Czech Republic. WSEAS Transaction on Business and Economics, 11, 227-241.
    21. Smrčka, L., Arltová, M., Schönfeld, J., Louda, L. (2015). The Reciprocal Relationship of Insolvency Proceeding Results and Economic Performance Ascertained by the Regression Analysis Method. International Journal of Economics and Statistics, 3, 65-76.
    22. Spencer, J. (2009). Virtual Offices The Perfect Solution for Start Up Businesses. MWB Business Exchange. Dostupné z: http://www.freshbusinessthinking.com/virtual-offices-the-perfect-solution-for-start-up-businesses/
    23. Svoboda, E. (1994). Transformace. Praha: Academia. ISBN 80-207-0434-0.
    24. Výzkum insolvence (2016). Tým zveřejňuje kompletní souhrn dat ze statistických šetření. Dostupné z: http://vyzkuminsolvence.cz/databaze-vyzkumu/6-vlna/tym-zverejnuje-kompletni-souhrn-dat-ze-statistickych-setreni.html

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content