Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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Economic Crisis Early Warning Signs and Response Strategies for Corporate Bankruptcy Prevention

Authors
Baihe Ling1, *
1Elizabeth House, Harrow International School Appi 180-8 Appi Kogen, Hachimantai City, Iwate Prefecture, 028-7306, Japan
*Corresponding author. Email: samuel.ling27@harrowappi.jp
Corresponding Author
Baihe Ling
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_51How to use a DOI?
Keywords
Economic Crisis; Financial Instability; Pandemic Impact; Early Warning Systems; Crisis Response Strategies; Financial Distress Indicators
Abstract

The global pandemic has brought very difficult times to the economy, with funding issues, supply chain disruptions, and changes in the way people buy. This article will examine this issue and, concerning real-life examples, explore the importance of having a good plan to anticipate and respond to economic crises. It points out some warning signs, such as poor cash flow, customer churn, and changes in people's consumer confidence. The goal is to provide companies and policymakers with plans to cope with periods of economic contraction. By combining real events, number crunching, and comparing different situations, the study examines the effects of different prevention and response measures and tries to come up with ideas that can be used to make the economy stronger and more stable. We hope that the lessons learned will prepare us and enable us to respond better to prevent adverse effects when the economy is in turmoil again.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_51How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Baihe Ling
PY  - 2025
DA  - 2025/02/24
TI  - Economic Crisis Early Warning Signs and Response Strategies for Corporate Bankruptcy Prevention
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 482
EP  - 493
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_51
DO  - 10.2991/978-94-6463-652-9_51
ID  - Ling2025
ER  -