Sociological Basis Of Economic And Legal Problems Of Insolvency (Bankruptcy)

Abstract

The subject of the study, which served as the basis for this publication, is the social behavior of individuals, which entails the emergence of insolvency and its development into an extreme form – bankruptcy. However, until now, economic and legal science has ignored the fact that bankruptcy processes are based on sociological patterns that are manifested in a number of social actions. Debt escalation into insolvency, and then into bankruptcy is a logically predictable result of negative social actions of the participants in the bankruptcy process, sometimes in the form of anomie. Bankruptcy is primarily a social phenomenon, and the bankruptcy behavior of persons inclined to this, regardless of their belonging to the category of citizens or legal entities, manifests itself in relation to all types of obligations, without exception, expressed both in monetary form and in kind. Such persons are united by a common model of social behavior, which consists of typical social actions. The paper notes the negative correlation between bankruptcy and a high level of corporate social responsibility, as well as the fact that the manifestations of bankruptcy behavior are beginning to be taken into account in the advanced methods of personnel management. It is proved that the social problems of bankruptcy and the social behavior of the participants are the key in the development and application of successful economic policy and the legislation ensuring its implementation, taking into account the achievements of sociological science.

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Doi

10.15405/epsbs.2021.12.03.98

Online ISSN

2357-1330