倒産概念の整理と拡張

Abstract

Statistical analysis of bankruptcy and has been tried to estimate the probabilities of the bankruptcy by using fact finding method, data mining method, hazard model method and other analytical and statistical methodology. However, the bankruptcy has not been successfully estimated by those methodologies because companies could be survived after they receive new fund injections for the non-economical reasons and for the window-dressings, even though they are not financially sound. The reason why the estimation was not successful is due to the narrow concept of the bankruptcy adopted for the analysis. In this paper, an extended concept of bankruptcy is proposed for the better probability estimation. It is a failure of sustainability.