A Systems Analysis of Drivers of Individual Bankruptcies
Posted: 12 Jun 2018
Date Written: May 1, 2018
In this paper, we use a systems-based analysis to identify the systemic drivers of individual bankruptcies in Australia and compare the results with a similar analysis of global corporate credit defaults that found uncontrollable factors were significant. We include both macro-economic factors and micro characteristics. The results show that both macro-economic factors and micro characteristics are important systemic drivers of individual bankruptcies, and further that uncontrollable factors are very significant drivers of individual bankruptcies.
Keywords: credit default, bankruptcy, cladistics analysis
JEL Classification: D9, E7, G4, G17
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