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A Systems Analysis of Drivers of Individual Bankruptcies

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  • Lei Shi
  • John Evans
  • Yifei Li

Abstract

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 macroeconomic factors and microcharacteristics. The results show that both macroeconomic factors and microcharacteristics are important systemic drivers of individual bankruptcies, and further that uncontrollable factors are very significant drivers of individual bankruptcies.

Suggested Citation

  • Lei Shi & John Evans & Yifei Li, 2018. "A Systems Analysis of Drivers of Individual Bankruptcies," Economic Papers, The Economic Society of Australia, vol. 37(4), pages 390-398, December.
    • Handle: RePEc:bla:econpa:v:37:y:2018:i:4:p:390-398
    DOI: 10.1111/1759-3441.12229
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    References listed on IDEAS

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    5. Lei Shi & Neil Allan & John Evans & Yin Yun, 2018. "Significance of Controllable and Uncontrollable Drivers in Credit Defaults," Economic Papers, The Economic Society of Australia, vol. 37(1), pages 30-41, March.
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