An analysis on financial distress prediction of listed companies in Chinas anufacturing industries based on multivariate discriminant analysis and logistic regression

摘要：

In this paper, some listed companies in Chinas manufacturing industries are taken as the research objects, and 96 ST companies financial indicators in 1～5 years before the occurrence of their financial distress are collected. On the other hand, 96 non-ST companies are selected as samples and then empirically analyzed using Multivariate Discriminant Analysis (MDA) and Logistic Regression. Moreover, in this study, two models are established to forecast financial distress, and the prediction capacity of forecasting financial distress in 1～5 years ahead of their occurrence are summed up and compared, thus providing references for the researches on financial distress prediction of listed companies.

关键词： Financial Distress prediction Multivariate Discriminant Analysis Logistic regression

作者: Wenhua YU Yuanfu LI Min FAN

作者单位: School of Economics and Management,Southwest Jiaotong University,Chengdu,Sichuan,610031,China;Colleg School of Economics and Management,Southwest Jiaotong University,Chengdu,Sichuan,610031,China

会议类型: 国际会议

会议名称: 2008 International Conference on Risk and Relianility Management(2008风险与可靠性管理国际会议)

会议地点: 北京

会议语种:英文

页码: 137-141

在线出版日期: 2008-11-10（万方平台首次上网日期，不代表论文的发表时间）