A Study on Differences of Listed Company Defaults in Japan and the USA by Comparative Financial Analysis of Net Worth Contents
Bibliographic Information
- Other Title
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- 自己資本内容の比較財務分析による日米上場企業の倒産発生の差異性に関する研究
- ジコ シホン ナイヨウ ノ ヒカク ザイム ブンセキ ニ ヨル ニチベイ ジョウジョウ キギョウ ノ トウサン ハッセイ ノ サイセイ ニ カンスル ケンキュウ
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Description
The purpose of this research is to identify a driver that the number of the defaulted listed companies in Japan has been lower than that of listed ones in the USA. The past research had already proven that well established Net worth is one of the largest factors to prevent company from falling to default, based on higher durability for failures. This research therefore is to comparatively analysis Net worth of companies between Japan and the USA. This research firstly has randomly selected 50 listed companies from Japan and the USA respectively, and the comparative analysis of Net worth has secondly performed. In total, this research analyzed 100 companies, which classified four matrixes based on the content of Net worth. While the listed companies in Japan have almost shown the same direction for the type of Net worth content, those in the USA have divided into three different types of Net worth content. This research concluded that the different policies for net worth between Japan and the USA has attributed to make a different number of the defaulted listed companies.
Journal
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- Business Management Studies
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Business Management Studies 17 (0), 1-10, 2021
Business Management Society of Japan
