Financing and support of employees of bankrupt companies in transport sector at municipal and state levels: national and international practice
Keywords:
Transport, bankruptcy, financial support, bankrupt companies, social security, guarantee fund, compensation.
Abstract
Transport plays a major role in the socioeconomic development of countries. Efficient operation of transport enterprises is central to ensuring a country's competitiveness overall. Transport enterprises are a key instrument in the attainment of social and economic goals.
The purpose of this paper is to analyse the national and international practice of financing and support of the employees of bankrupt transport companies at the municipal and national level.
The paper highlights the relevance of financial support for the employees of bankrupt companies and analyses the issues of financial rehabilitation in the transport sector, as well as bankruptcy prevention instruments for transport enterprises, and international practice concerning the mechanisms of financial support of the employees of bankrupt companies. The paper offers a comparison of the country-specific aspects of financing and employee support in case of bankruptcy and outlines the conditions adopting such support in the transport sector at the municipal and national level.
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References
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Plenkina, V. V. Fedorova, O. B., & Lenkova, O. V. (2012). Teoriya i praktika finansovogo ozdorovleniya predpriyatiya [Theory and practice of financial rehabilitation of an enterprise]: Textbook. Tymen: Tyumen State Oil and Gas University.
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Rogachev, A. F. (2017). Problem formulation of cognitive modeling of industrial investment development of medium-sized and single-industry cities. Revista Espacios, 38(49), 11.
Rogatnev, Yu. M., Scherba, V. N., Nazarova, O. N., Filippova, T. A., & Dolmatova, O. N. (2019). Spatio-temporal zoning of the urban lands’ functioning for ensuring the sustainable development of the city. Journal of Environmental Management and Tourism, 10(1(33).
Tkachev, I. G. (2017). Transportnyi kompleks Rossiiskoi Federatsii: problemy i tendentsii razvitiya [Transport complex of the Russian Federation]. Upravlencheskoe konsultirovanie [Management consulting], 6, 183-189.
Turevskii, I. S. (2005). Ekonomika i upravlenie avtotransportnym predpriyatiem [Economics and management of a motor carrier]. Study guide. Moscow: Vysshaya shkola [Higher school].
Chebotareva, A. A., Chebotarev, V. E., & Danilina, E. I. (2019). Transport and Logistics in aModern Metropolis: New Opportunities. International Journal of Recent Technology and Engineering (IJRTE), 8(1), 2247-2251.
Danilina, E. I., Reznikova, O. S., Verina, V. V., & Ganieva, A. K. (2017). Prospects for inducing the talent management concept into Russian companies. Revista Espacios, 38(48), 9.
Gasanov, M. A., & Zhironkin, S. A. (2014). Strukturnye usloviya neoindustrializatsii rossiiskoi ekonomiki [Structural conditions of the neoindustrialisation of the Russian economy]. Teoriya i praktika obshchestvennogo razvitiya [Theory and practice of social development], 10, 127–129.
Goloshchapova, L. V. (2013). Uchet ekonomicheskogo potentsiala v sisteme strategicheskogo upravleniya transportnym predpriyatiem [Recognition of economic potential in the strategic management system of a transport enterprise]. Vektor nauki Tolyattinskogo Gosudarstvennogo Universiteta [Vector of Science of Togliatti State University]. Series: Economics and Management, 1, 32-34.
Ignatenko, A. S. (2014). Zashchita prav rabotnikov na oplatu truda pri nesostoyatel'osti rabotodatelya [Protection of worker's rights to salary payment in case of employer insolvency]. Aktualnye problemy rossiiskogo prava [Actual problems of the Russian law], 7(44), 1389-1394.
Isaeva, E. N. (2015). Osobennosti bankrotstva transportnogo predpriyatiya [Aspects of bankruptcy of a transport enterprise]. Finansovye aspekty strukturnykh preobrazovanii ekonomiki [Financial aspects of structural economic transformations], 1, 74-79.
Jukova, E. E., Ilina, I. Y., Gundarin, M. V., Potekhina, E. V., Misanova, I. N., & Zotova, A. I. (2019). Planning a new business: typical mistakes of a business plan in the service sector. Journal of Environmental Management and Tourism, 10(2), 441-447.
Khegai, Iu. A., Devinova, V. V., & Mukhina, K. A. (2012). Ekonomika predpriyatii avtomobilnogo transporta [Economics of motor transport enterprises]: Study guide. Krasnoyarsk: Siberian Federal University.
Lukason, O., & Hoffman, R. C. (2014). Firm Bankruptcy Probability and Causes: An Integrated Study. International Journal of Business and Management, 9(11), 80-91.
Makhneva, A. I. (2013). Transportnaya infrastruktura faktor razvitiya ekonomiki regiona [Transport infrastructure as a regional development factor]. Teoriya i praktika obshchestvennogo razvitiya [Theory and practice of social development], 4, 274–276.
Mullens, D. (2014). Organizational Bankruptcy: The Consequences of Failure on Director Human and Social Capital. American Journal of Business and Management, 3(1), 52-59.
Manuylenko, V. V., Loktionova, M. A., Lipchiu, N. V., Sobchenko, N. V., & Sadovskaya, T. A. (2018). Options simulation toolkit for strategic evaluation of corporations' financial potential. Entrepreneurship and Sustainability Issues, 6(2), 871-889.
Novolodskaya, G. I., Chicherova, E. Yu., Ponkratova, L. A., Gracheva, N. A., & Ilkevich, S. V. (2019). Investing a human capital in tourism companies. Journal of Environmental Management and Tourism, 10(2), 340-345.
Nurgaliyeva, K. O., Amirova, A. Yu., & Nurtazinova, A. S. (2018). The green economy in market-oriented countries: the case of Kazakhstan. Journal of Environmental Management and Tourism, 9(5), 1019-1029.
Obzor rossiiskogo transportnogo sektora v 2018 godu [Russian transport sector survey in 2018]. KPMG.ru. Retrieved from https://assets.kpmg/content/dam/kpmg/ru/pdf/2019/05/ru-ru-transport-survey-052019.pdf
Ooghe, H., & De Prijcker, S. (2008). Failure processes and causes of company bankruptcy: a typology. Management Decision, 46(2), 223–242.
Peng, M. W. (2004). Outside directors and firm performance during institutional transitions. Strategic Management Journal, 25, 453-471.
Plenkina, V. V. Fedorova, O. B., & Lenkova, O. V. (2012). Teoriya i praktika finansovogo ozdorovleniya predpriyatiya [Theory and practice of financial rehabilitation of an enterprise]: Textbook. Tymen: Tyumen State Oil and Gas University.
Protection of Workers' Claims (Employer's Insolvency) Convention No. 173 of the ILO (adopted at the 79th ILC session in Gevena on 23 June 1992). Retrieved from http://www.consultant.ru/document/cons_doc_LAW_151685/
Rogachev, A. F. (2017). Problem formulation of cognitive modeling of industrial investment development of medium-sized and single-industry cities. Revista Espacios, 38(49), 11.
Rogatnev, Yu. M., Scherba, V. N., Nazarova, O. N., Filippova, T. A., & Dolmatova, O. N. (2019). Spatio-temporal zoning of the urban lands’ functioning for ensuring the sustainable development of the city. Journal of Environmental Management and Tourism, 10(1(33).
Tkachev, I. G. (2017). Transportnyi kompleks Rossiiskoi Federatsii: problemy i tendentsii razvitiya [Transport complex of the Russian Federation]. Upravlencheskoe konsultirovanie [Management consulting], 6, 183-189.
Turevskii, I. S. (2005). Ekonomika i upravlenie avtotransportnym predpriyatiem [Economics and management of a motor carrier]. Study guide. Moscow: Vysshaya shkola [Higher school].
Published
2020-01-25
How to Cite
Danilina, E., Malikova, I., & Gorelov, D. (2020). Financing and support of employees of bankrupt companies in transport sector at municipal and state levels: national and international practice. Amazonia Investiga, 9(25), 135-142. Retrieved from https://amazoniainvestiga.info/index.php/amazonia/article/view/1038
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