Risk identification and default time analysis of corporate bonds

Abstract

Under the new normal of China's economic restructuring, corporate bond defaults occur frequently, so it is increasingly important to measure bond credit risk and strengthen risk management. This paper takes Chinese corporate bonds as the research object, and selects 35 default bonds and 861 non-default bonds as the research samples. The study conducted a descriptive statistical analysis of the survival time of the sample, and used the survival analysis method to summarize the types of companies, industries, or businesses that are more likely to have credit risks. This study is a good supplement to the existing research on bond default, and has certain reference significance for investors and risk management institutions.