The impact of human relationship on bankruptcy-related evolution of inter-firm trade network

This paper studies the impact of human relationship on the evolution of inter-firm trade network emerged from bankruptcy. Based on the extracted properties of Japanese firm data in 10 years, we propose an agent-based model and conduct series of simulation experiments to evaluate several aspects of human relationship effects. The simulation results indicate that human relationship delays the bankrupt spread and promotes the average performance of firms. By examining different scenarios, we found the influential features of human relationship that are likely to help firms to survive in the bankrupt propagation process