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Research on the Influencing Factors of Bond Default: Literature Review

摘要


Since the default of "super-day debt" in 2014, more and more bonds of listed companies in China have defaulted, and bond default has gradually become the norm. In this paper, the influencing factors of bond default are summarized as the research object, and it is found that bond default has certain rules from multiple angles, which can provide reference for theoretical circles, practical circles, government and investors.

參考文獻


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Agarwal, V. and Taffler, R.,. 2008,“Comparing the performance of market-based and accounting-based bankruptcy prediction models”, Journal of Banking and Finance, 32,pp.1541-1551.
Beaver, W. 1966 ,“Financial Ratios as Prediction of Failure”, Journal of Accounting Research, 8, pp.179-192.
Ohlson, J. 1980,“Financial Ratios and the Probabilistic Prediction of Bankruptcy”, Journal of Accounting Research, 19, pp. 109-131.
Zmijewski,M.E.,Methodologi cal Issues Related to the Estimation of Financial Distress Prediction Models [J]. Journal of Ac- counting Research , 1984, 22:59-68.

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