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The Study on Predictable Information of Business Failure

Research Project

Project/Area Number 09630143
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Accounting
Research InstitutionTsukuba College of Technology Japan

Principal Investigator

SHIRATA Yoshiko  Tsukuba College of Technology Japan Associate Professor, 情報処理学科, 助教授 (80289793)

Project Period (FY) 1997 – 1998
Project Status Completed (Fiscal Year 1998)
Budget Amount *help
¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 1998: ¥500,000 (Direct Cost: ¥500,000)
KeywordsBusiness Failure / Prediction Model / Amendments of Financial Statements / 線形判別モデル / 財務数値と企業実態の乖離 / 財務指標
Research Abstract

This study presents some empirical results of a study regarding financial ratios as predictors of Japanese corporate failure, evidenced by bankruptcy A few empirical studies of corporate bankruptcy in Japan have been undertaken. However, the results of these studies are not generalizable, due to the limited size of their samples. In contrast, this study proposes a generalizable bankruptcy prediction model based on observations of 686 firms which went bankrupt, and 300 non-bankrupt firms which were extracted from 107, 034 non-bankrupt firms by random sampling, The model proposed in this study is a universal model which is independent of industry and size. The study proves that the model can predict bankruptcy with more than 84% accuracy regardless of industry and size.
This study also proposes a special instruction to amend the financial statements of the firm. That instruction makes the financial statements to reveal the financial position of the firm more accurately.

Report

(3 results)
  • 1998 Annual Research Report   Final Research Report Summary
  • 1997 Annual Research Report
  • Research Products

    (12 results)

All Other

All Publications (12 results)

  • [Publications] 白田佳子: "企業倒産予知情報の形成に有用な財務指標の識別と倒産判別モデルの構築" 危険と管理. 第27号. 69-85 (1997)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] 白田佳子: "企業倒産予知における企業集団情報の重要性について" 国際会計研究学会年報 1997年度報. 101-116 (1998)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] Shirata, C.Y.: "Financial Ratios as Predictors of Bankruptcy in Japan: An Empirical Research" Proceedings of The Second Asian Pacific Interdisciplinary Research in Accounting Conference. 437-445 (1998)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] 白田佳子: "企業倒産予知情報の形成" 中央経済社, 302 (1999)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] Shirata, Y.: "Predictors and Discriminant Analysis Model of Business Failure (in Japanese)" Risk and Insurance Management. No.27. 69-85 (1997)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] Shirata, Y.: "Importance of Corporate Group Information predicting Bankruptcy (in Japanese)" Annual Report of International Accounting Association. No.1998. 101-116 (1998)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] Shirata, C.Y.: "Financial Ratios as Predictors of Bankruptcy in Japan : An Empirieal Research" Proceedings of the Second Asian Pacific Interdisciplinary Research in Accounting Conference. 437-445 (1998)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] Shirata, Y.: Predictable Information of Business Failure (in Japanese). Chuo Keizai Co., Ltd., 302 (1999)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1998 Final Research Report Summary
  • [Publications] 白田佳子: "企業倒産予知における企業集団情報の重要性について" 国際会計研究学会年報1997年度報. 101-116 (1998)

    • Related Report
      1998 Annual Research Report
  • [Publications] Shirata,C.Y.: "Financial Ratios as Predictors of Bankruptcy in Japan: An Empirical Research" Proceedings of The Second Asian Pacific Interdisciplinary Research in Accounting Conference. 437-445 (1998)

    • Related Report
      1998 Annual Research Report
  • [Publications] 白田佳子: "企業倒産予知情報の形成" 中央経済社, 302 (1999)

    • Related Report
      1998 Annual Research Report
  • [Publications] 白田佳子: "企業倒産予知情報の形成に有用な財務指標の識別と倒産判別モデルの構築" 危険と管理. 第27号. 69-85 (1997)

    • Related Report
      1997 Annual Research Report

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Published: 1998-04-01   Modified: 2016-04-21  

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