Research Article
Corporate Financial Distress and Financial Fragility: Empirical Analysis Based on SVAR Model
@INPROCEEDINGS{10.4108/eai.17-6-2022.2322666, author={Jing Zhang}, title={Corporate Financial Distress and Financial Fragility: Empirical Analysis Based on SVAR Model}, proceedings={Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2022, Qingdao, China}, publisher={EAI}, proceedings_a={ICIDC}, year={2022}, month={10}, keywords={financial distress; financial fragility; svar model}, doi={10.4108/eai.17-6-2022.2322666} }- Jing Zhang
Year: 2022
Corporate Financial Distress and Financial Fragility: Empirical Analysis Based on SVAR Model
ICIDC
EAI
DOI: 10.4108/eai.17-6-2022.2322666
Abstract
Financial fragility is the own property of the financial system. As an important participant in the financial market, companies are closely related to the financial system. Based on this, from the perspective of corporate financial distress, SVAR model is adopted to study its impact on financial fragility. The results show that financial distress has a large positive impact on financial fragility in the short term and has a time delay effect. Further discussion shows that corporate financial distress can affect financial fragility through the macroeconomic environment and the banking sector, and the banking sector plays a more significant role.
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