A Survey of Research on Efficiency of Insolvency/Bankruptcy Institutions and Financial Distress

Yuwen Zhou (), Zeyu Qi and Shixuan Jiang
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Yuwen Zhou: University of Sheffield, School of Economics
Zeyu Qi: University of California San Diego, Eleanor Roosevelt College
Shixuan Jiang: University of Liverpool, School of Management

A chapter in Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023), 2024, pp 23-33 from Springer

Abstract: Abstract This paper is a survey on the efficiency and financial distress of bankrupt institutions. This paper is divided into three parts: theoretical summary, empirical literature summary and discussion. A total of 11 papers on bankruptcy and financial distress are extracted and summarized, and the most important papers for this paper are discussed and selected. The theoretical summary part covers most of the professional terms needed in this paper and their meanings. The Multiple Discriminant Analysis part mainly uses the Z model. The Z score model is a technology based on multivariate statistical methods. It uses a sample of bankrupt companies to analyze and distinguish the operating status of each company and whether it is bankrupt. In this paper, it is mainly to analyze the two models of Model A and Model B to come up with a mathematical range to determine whether the company can file for bankruptcy, the probability of bankruptcy and whether the value is beneficial to the company.

Keywords: bankruptcy; financial distress; debt (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-246-0_4

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DOI: 10.2991/978-94-6463-246-0_4

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