Agent-based Simulation Model Embedded Accounting's Purchase Method; Analysis on the Systemic Risk of Mergers and Acquisitions between Financial Institutions

摘要

The aim of the present study is to evaluate systemic risks due to merger between financial institutions by manipulating the decline rate of marketable asset price. An agent-based simulation platform with purchase method of international financial reporting standards (IFRS) is developed and analyses the influence of the goodwill (Noren), produced by mergers between financial institutions. The research reveals the following two points: (1) the decline rate of marketable asset price determines the number of bankruptcies, (2) when market value asset price plumps sharply, the effect of merger is small.