Abstract

SEGOVIA VARGAS, Maria Jesus  and  CAMACHO MINANO, Mara del Mar. Analysis of corporate viability in the pre-bankruptcy proceedings. Contad. Adm [online]. 2018, vol.63, n.1. ISSN 0186-1042.  https://doi.org/10.22201/fca.24488410e.2018.1022.

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.

Keywords : pre-bankruptcy legal procedure; insolvency act; re-organization; insolvency; artificial intelligence methodology; G33; K22; M41; C44.

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