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Segovia Vargas, María Jesús and Camacho Miñano, María del Mar (2018) Analysis of corporate viability in the pre-bankruptcy proceedings. Contaduria y Administracion, 63 (1). pp. 1-17. ISSN 0186-1042
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Official URL: http://dx.doi.org/10.22201/fca.24488410e.2018.1022
Abstract
Companies in financial difficulties can avail themselves of the pre-bankruptcy procedure, prior to its entry in the legal process of insolvency. The objective of this paper is to look for a possible diagnosis of some common distressed firm’s characteristics in order to be successful at pre-bankruptcy procedure through artificial intelligence methodologies. Using a Spanish sample of bankrupt and healthy firms, our results show that financial viability and working capital ratios are fundamental for the effectiveness of pre-bankruptcy legal procedure. These findings may help to shed light on the implications for all the stakeholders involved in a pre-bankruptcy procedure.
Resumen (otros idiomas)
Las empresas en dificultades financieras pueden acogerse al preconcurso de acreedores, previo a su entrada en el proceso legal de insolvencias. El objetivo de este estudio es el posible diagnóstico de algunas características comunes que tienen las empresas con dificultades financieras para conseguir el éxito del preconcurso de acreedores, proponiendo el uso de metodologías de inteligencia artificial como complemento a los análisis tradicionales. Utilizando una muestra española de empresas en concurso y “sanas” se obtiene que los ratios de viabilidad financiera y del fondo de maniobra son determinantes para la efectividad del preconcurso. Nuestros resultados tienen importantes implicaciones para jueces, administradores concursales, auditores y gestores de empresas en concursos de acreedores.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Pre-bankruptcy legal procedure; Insolvency act; Re-organization; Insolvency; Artificial intelligence methodology. |
| Palabras clave (otros idiomas): | Preconcurso acreedores; Ley concursal; Reorganización; Insolvencia; Metodologías de inteligencia artificial. |
| Subjects: | Social sciences > Law > Commercial law Social sciences > Economics > Accounting Social sciences > Economics > Econometrics Social sciences > Economics > Finance |
| JEL: | G33, K22, M41, C44 |
| ID Code: | 69628 |
| Deposited On: | 18 Jan 2022 09:45 |
| Last Modified: | 19 Jan 2022 09:02 |
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