Abstract:

Our study has as a goal the analysis of the way in which economic factors influence the number of insolvencies, at a global and european level and especially at the level of Romania. The analysis performed for the period of 2005-2011 has underlined that the evolution of insolvencies is influenced by the following macroeconomic factors: economic growth, the stock market index, the opening degree of economy, the reference interest of the central bank and inflation. In order to test if the macroeconomic factors influence the number of insolvencies, we used the multiple regression, with the help of the statistical software SPSS 19.