Empirical Analysis on Financial Early-Warning Mechanism in Listed Real Estate Stocks

摘要：

In this paper,taking the listed companies of Chinese real estate industry which are on the stock exchanges of shanghai and Shenzhen from 2004 to 2006 as research samples,by establishing Z3financial early-warning model,surveys financial security and crisis degree of these companies,thus manifests the credibility and necessity of financial early-warning.For the companies which are in the danger zone,owing to the capital structures are not reasonable,funds for business activities are short,and ability to make a profit is also inferior,so the author gives some suggestions,such as improve management of funds for business activities,carry through property reorganization,expand financing channels and so on,and provides the policy-making basis for the operators and the investors.

关键词： Listed companies Real estate industry financial early-warning Z3model

作者: CAI Lidu

作者单位: Jiangsu Teachers University of Technology,P.R.China,213001

会议类型: 国际会议

会议名称: Interantional Conference on Idustry Cluster Development and Management(2008产业基地建设与管理国际研讨会)

会议地点: 常州

会议语种:英文

页码: 319-323

在线出版日期: 2008-06-27（万方平台首次上网日期，不代表论文的发表时间）