Impacts of Macroeconomic Factors on Insolvency:Case of Romanian Companies

Macroeconomic factors leave their mark on the continuity of companies, and studying their impact on corporate insolvency is welcome, especially in the current economic, social and political context.The purpose of this research paper is to survey representatives of 140 companies in Romania in order to present the situation regarding the impact of macroeconomic factors on company insolvency, as well as to analyze the number of insolvencies in Romania and the correlation between GDP and the number of insolvencies in Romania.The first objective is to review the specialized literature on the topic of insolvency, macroeconomic factors and the impact of these factors on corporate insolvency, and the second objective is focused on the analysis of the companies in the research sample.The results consist of providing an overview of the companies in Romania regarding the impact of macroeconomic factors on insolvency.The companies included in the questionnaire sample were analyzed between November 2022 and August 2023.