Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)

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

Authors
Yuwen Zhou1, *, Zeyu Qi2, Shixuan Jiang3
1School of Economics, University of Sheffield, Sheffield, S10 2TN, UK
2Eleanor Roosevelt College, University of California San Diego, La Jolla, San Diego, 92093, USA
3School of Management, University of Liverpool, Liverpool, L69 3BX, UK
*Corresponding author. Email: robynzhou586@gmail.com
Corresponding Author
Yuwen Zhou
Available Online 26 September 2023.
DOI
10.2991/978-94-6463-246-0_4How to use a DOI?
Keywords
bankruptcy; financial distress; debt
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 September 2023
ISBN
10.2991/978-94-6463-246-0_4
ISSN
2352-5428
DOI
10.2991/978-94-6463-246-0_4How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yuwen Zhou
AU  - Zeyu Qi
AU  - Shixuan Jiang
PY  - 2023
DA  - 2023/09/26
TI  - A Survey of Research on Efficiency of Insolvency/Bankruptcy Institutions and Financial Distress
BT  - Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
PB  - Atlantis Press
SP  - 23
EP  - 33
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-246-0_4
DO  - 10.2991/978-94-6463-246-0_4
ID  - Zhou2023
ER  -