ABSTRACT
Corporate default is aected not only by its financial status but also by its willingness. We should measure corporate default willingness and understand the influence factors of default willingness, which will be conducive to preventing the occurrence of default events. This article puts forward three main factors that aect corporate default willingness, then measures each influence factor based on prospect theory, and establishes simulation model to calculate corporate default willingness. The purpose is to explore the intrinsic relation between three influencing factors and corporate default willingness, further getting the internal mechanism between three factors and the default willingness.
