Predicting Corporate Failure and Global Financial Crisis： Theory and Implications

The purpose of this paper is to discuss corporate failure issues in the context of the global financial crisis. After considering some key issues, the paper shows how relevant these issues are relevant in the present financial fiasco. It is clear that corporate failure brings untold hardships to all stakeholders. Again the problem of predicting corporate failure in the midst of the financial contagion could be overcome with sound risk management structure in place. The discussion mainly focuses on corporate failure within the context of the global financial distress. To the best of our knowledge this study is the first of its kind, which provides conceptual insights on predicting corporate failure and the global financial distress.

日本航空民营化失败原因探究

本文对代表日本国家航空公司的日航濒临破产危机的原因进行分析探究,指出该公司虽然表面上实行民营化,但实质上一直由政府官僚把持控制领导层;不同派系的经营者长期不和;期货投资一再造成重大损失;劳资纷争解决方案失当。日航倒闭危机是一个生动的案例,为我国的国企改制提供了有益的启示。