Analysis of corporate viability in the pre-bankruptcy proceedings

Maria Jesus Segovia Vargas () and Mara del Mar Camacho Miñano
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Maria Jesus Segovia Vargas: Universidad Complutense de Madrid, España
Mara del Mar Camacho Miñano: Colegio Universitario de Estudios Financieros, España

Contaduría y Administración, 2018, vol. 63, issue 1, 29-30

Abstract: Companies in financial difficulties can avail themselves of the pre-bankruptcy procedure, prior to its entry in the legal process of insolvency. The objective of this paper is to look for a possible diagnosis of some common distressed firm’s characteristics in order to be successful at pre-bankruptcy procedure through artificial intelligence methodologies. Using a Spanish sample of bankrupt and healthy firms, our results show that financial viability and working capital ratios are fundamental for the effectiveness of pre-bankruptcy legal procedure. These findings may help to shed light on the implications for all the stakeholders involved in a pre-bankruptcy procedure.

Keywords: pre-bankruptcy legal procedure; insolvency act; re-organization; insolvency; artificial intelligence methodology (search for similar items in EconPapers)
JEL-codes: C44 G33 K22 M41 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:63:y:2018:i:1:p:29-30

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