Author(s)

Wang Wei ¹

Affiliation(s)

¹ School of Business, Hong Kong Baptist University, Hong Kong, 999077, China

Corresponding Author

Wang Wei

ABSTRACT

Facing the universality of current enterprise bankruptcy and its far-reaching impact on social economy, it is particularly important and urgent to build a pre-alarm mechanism for enterprise bankruptcy. The purpose of this article is to explore how to effectively construct the pre-alarm mechanism of enterprise bankruptcy, and analyze the specific application and effect of bankruptcy law in this mechanism. This article expounds the basic theory and framework of enterprise bankruptcy pre-alarm mechanism, including the concept, significance, theoretical basis and construction framework of pre-alarm. On this basis, the construction strategy and practice of pre-alarm index system are discussed in detail. It also deeply analyzes the applicability of bankruptcy law in the pre-alarm mechanism of bankruptcy, including the basic functions and principles of bankruptcy law, its role in the pre-alarm mechanism and the challenges and countermeasures in its application. Finally, it puts forward a pre-alarm mechanism framework including index system design, information collection and processing, risk assessment, pre-alarm signal release and countermeasures, and discusses the legal support role of bankruptcy law in this mechanism. The research results show that the establishment of enterprise bankruptcy pre-alarm mechanism needs to comprehensively consider financial indicators, non-financial indicators and relevant provisions of bankruptcy law to ensure the accuracy and reliability of pre-alarm results.

KEYWORDS

Enterprise bankruptcy; Pre-alarm mechanism; Bankruptcy law; Index system; Risk management

CITE THIS PAPER

Wang Wei. Construction of Enterprise Bankruptcy Pre-alarm Mechanism and Analysis of the Applicability of Bankruptcy Law in the Pre-alarm Mechanism. Science of Law Journal (2024) Vol. 3: 1-7. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030801.

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