Power Law in Firms Bankruptcy

Details Power Law in Firms Bankruptcy Power Law in Firms Bankruptcy

2007-01-26

arxiv.org/abs/physics/0701302v1

Physics Letter A 361 (2007) 6-8

Physics

Physics and Society

3 pages, 4figures

Scientific paper

10.1016/j.physleta.2006.09.034

We consider the scaling behaviors for fluctuations of the number of Korean firms bankrupted in the period from August 1 2002 to October 28 2003. We observe a power law for the distribution of the number of the bankrupted firms. The Pareto exponent is close to unity. We also consider the daily increments of the number of firms bankrupted. The probability distribution of the daily increments for the firms bankrupted follows the Gaussian distribution in central part and has a fat tail. The tail parts of the probability distribution of the daily increments for the firms bankrupted follow a power law.

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