Fukuda, Shin-ichi; Kasuya, Munehisa; Akashi, Kentaro - Bank of Japan - 2005
trading partners affected the probability of bankruptcy among medium-size firms in Japan. Using probit models, we examine the … causes of bankruptcy for unlisted Japanese companies in the late 1990s and early 2000s. The environment and events in Japan … have significant impacts on a borrower's probability of bankruptcy, even when observable characteristics relating to these …