Economic Crisis Early Warning Signs and Response Strategies for Corporate Bankruptcy Prevention

Baihe Ling ()
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Baihe Ling: Elizabeth House, Harrow International School Appi 180-8 Appi Kogen

A chapter in Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024), 2025, pp 482-493 from Springer

Abstract: Abstract The global pandemic has brought very difficult times to the economy, with funding issues, supply chain disruptions, and changes in the way people buy. This article will examine this issue and, concerning real-life examples, explore the importance of having a good plan to anticipate and respond to economic crises. It points out some warning signs, such as poor cash flow, customer churn, and changes in people's consumer confidence. The goal is to provide companies and policymakers with plans to cope with periods of economic contraction. By combining real events, number crunching, and comparing different situations, the study examines the effects of different prevention and response measures and tries to come up with ideas that can be used to make the economy stronger and more stable. We hope that the lessons learned will prepare us and enable us to respond better to prevent adverse effects when the economy is in turmoil again.

Keywords: Economic Crisis; Financial Instability; Pandemic Impact; Early Warning Systems; Crisis Response Strategies; Financial Distress Indicators (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-652-9_51

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DOI: 10.2991/978-94-6463-652-9_51

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