Corporate insolvencies evolution in Republic of Moldova during 2013 – 2020 period

Abstract

Due to the strong support and help of the government during the recent economic crisis, the number of corporate insolvencies in the Republic of Moldova maintained the same tendency since 2017. This paper focuses on the evolution of firm exit due to bankruptcy in the countries of Central and Eastern Europe, with a special attention to the Republic of Moldova. The study was carried out on a sample of 15 countries in the period 2013-2020. Data was collected from Euler Hermes, Allianz Research and Creditreform reports. The research methods used in this paper are: data collection, data processing, time series trend model estimation and descriptive analysis. Examining trends allows the identification and analysis of the main trends that appear within the analyzed phenomenon. In most cases, the level of fit of the model to the empirical data indicates its practical utility. The obtained econometric tool can be used for forecasting the examined variable.