A Study on the Prediction of Bankruptcy in the KOSDAQ Market

• 발행기관: 한국무역연구원
• 저자명: Jong-Heon Park Tae-Hyoung Mun
• 간행물 정보: 『무역연구』제17권 제1호, 197~210쪽, 전체 14쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2021.02.28

영문 초록

Purpose This study looks into relations between bankruptcy prediction and the quality of accounting income in companies listed on the KOSDAQ. Design/Methodology/Approach With the use of a bankruptcy prediction model that has already been developed and applied;and with each company’s bankruptcy probability and financial stability score (P;Z-Score;K-Score);this study analyzes the relationship of bankruptcy probability to accounting income quality. Findings As a result;the higher a bankruptcy probability;the larger the value of discretionary accruals; the higher the value of the financial stability K-Score ;the lower the value of discretionary accruals; the higher a bankruptcy probability;the higher the level of conservatism; the higher the value of financial stability K-Score;the lower the level of conservatism. Research Implications or Originality The verification of relations with accounting income quality;the usability of the bankruptcy prediction model was proven. Bankruptcy probability P;and the financial stability scores Z-Score and K-Score were in the model sequentially;and comparative analysis was conducted.

목차

Ⅰ. Introduction

Ⅱ. Review of Literature and Hypotheses

Ⅲ. Methodology

Ⅳ. Research Results

Ⅴ. Conclusion

키워드

Accounting Information Bankruptcy Probability Financial Stability Score