Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 22 ISSUE 3
Written by Neli MUNTEAN, Iulian MUNTEAN, Gabriela VALUȚA

The study of the corporate insolvencies’ evolution is very important especially for the management of the company and in for the internal audit, control and performances forecasting. The objectives of the article is to analyse the evolution of number of insolvencies and to analyse some legal aspects regarding the corporate insolvencies in the Ukraine and Republic of Moldova till 2021. For this reason, this study try to answer the next three questions: 1) What was the evolution of number of corporate insolvencies in Republic of Moldova and Ukraine during 2013-2020? 2) What are the legislative regulations regarding insolvency proceedings in Republic of Moldova and Ukraine? 3) What is the level of development of the research of the corporate insolvencies forecast methods in these two countries? For this purpose, the following methods were applied: comparative-critical analysis of the literature, documentation, and documentary analysis, statistical methods of analysis, constructivist approach, and positivist approach. The results of this research show that these two countries are characterized by different directions of modifications of number of corporate insolvencies during the analysed period, excepting 2020 year, when the COVID-19 pandemic had a major impact. At the same time, the performed econometric analysis, shows that the Republic of Moldova and Ukrainian models have a relatively high adjustment to the empirical data, demonstrating the possibility to forecast the number of corporate insolvencies. Regarding the legislative regulations, can be remarked that the main differences established in the legislation of these two countries relate to the amount and term of non-payment of debts. In addition, the corporate insolvencies forecast methods in Ukraine are much more advanced then in Republic of Moldova.

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