Guseon Ji, Bingcun Dai, Sung-Pil Park, Kwangwon Ahn
언어
영어(ENG)
URL
https://www.earticle.net/Article/A341018
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4,900원
원문정보
초록
영어
This study aims to elucidate the origin of collective phenomena in rm size distribution. Our explanation is that corporate bankruptcy is a source of emerging complexity and that information disparity works as a supplementary factor aecting the power law behavior. The model predicts a negative association between information disparity and collective mechanism in rm sizes, which is conrmed by US corporate bankruptcy data. Findings indicate that the \dragon-king" rms would encounter higher probabilities of bankruptcy in a better information environment, which further implies that their in uence might become even stronger.
키워드
Corporate bankruptcyInformation disparityCollective system