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Activity Number:
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78
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Type:
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Contributed
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Date/Time:
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Monday, August 12, 2002 : 8:30 AM to 10:20 AM
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Sponsor:
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Business & Economics Statistics Section*
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| Abstract - #301005 |
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Title:
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The Financial Crisis and the Bankruptcy of Small and Medium Firms in the Emerging Market
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Author(s):
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Sung-Chang Jung*+ and Timothy Lee
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Affiliation(s):
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Chonnam National University and Equifax Decision Solutions
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Address:
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300 Yong-Bong-Dong, Buk-Gu, Gwang-Ju, , 500-757, S. Korea
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Keywords:
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Financial Crisis ; Bankruptcy ; Credit Scoring Model ; Economic Condition
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Abstract:
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The purpose of this paper is to investigate how the financial crisis in the emerging market can be related with the bankruptcy of small and medium firms. It is argued that there is a need to identify risk-forecasting techniques that incorporate economic conditions and would automatically adjust for economic changes. Most previous studies have been interested in the credit assessment for large listed companies. However, there is a paucity of research reporting the performance of commercial credit-scoring application for small and medium firms incorporating the economic condition such as financial crisis. With the data of Korean small and medium bankrupt firms before and after the financial crisis, we expect to show how the structural changes of financial market are related with the bankruptcy of samll and medium firms in the emerging country.
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