In recent years, the crises often occur in the case of surprise, financial distressed was usually happened from the operator's problems (ex: tunneling, insider trading, bankruptcy, and none sufficient fund at.et.) When firms face financial crisis and even meet delist, firms should which kind of improvement scheme does it take. The resulting literature has been focusing on the financial early warning model. There is less research that financially distressed firms extend its life. In this study, we apply logist regression model to investigate the impact of firms survival. Based on a sample of 271 observations form listed firms between 1992 and 2010, we find that the significant positive relationship between firms survival and corporate ownership, human capital return, corporate age. On the other hand, the significant negative relationship between firms survival and debt ratio.
