Development of Bankruptcy Prediction Model influenced on Economic Environment

2016 Fiscal Year Final Research Report

• Project/Area Number: 26380451
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Management
• Research Institution: Hosei University (2015-2016); Bunkyo University (2014)
• Principal Investigator: SHIRATA Cindy Yoshiko 法政大学, イノベーション・マネジメント研究センター, 研究員 (80289793)
• Project Period (FY): 2014-04-01 – 2017-03-31
• Keywords: 倒産予知 / 格付け / 経営財務 / 財務構造

Outline of Final Research Achievements

We can imagine that the factor to cause bankruptcy is different from the economic environment. In this research, I verified the factors causing bankruptcy in every different economic environment. The financial tendency of the bankrupt company and a change in a bankrupt sign were analyzed about lost 20 years by bubble economy, a bubble economy collapse and the time when Riemann shock. Moreover it was changed by the big institutional reform which forms to the financial tendency of the company during this study period such as introduction of a Corporate Governance Cord. The Institutional reform has the influence which also brings a change in economic environment.　Because Corporate Governance Cope is focusing on ROE. And this research had analyzed a relationship between occurrence of Bankruptcy and ROE of bankrupt companies for a long period. Finally, I found that economic environment changes brought in changes of financial structure of bankrupt company.

Free Research Field

経営学