The Method of Optimizing Financial Distress Prediction Indicators of SINOPEC Corp. and its Subsidiaries
The prediction of financial distress has received considerable attention in accounting and corporate financial literatures for decades. Various quantitative prediction methods based on financial ratios derived from financial statements have been proposed. However, the important role of managers experiential knowledge and non-financial information has been ignored. A method integrating quantitative analysis and qualitative analysis is put forward to realize effective selection of financial distress prediction indicators in the process of modeling financial distress prediction. The purpose of this paper is to provide Sinopec Corp. and its subsidiaries a good method to forecast their financial status efficiently, conveniently and accurately. The Case study of Sinopec YIZHENG Chemical fibre Company is carried out at section 3, which indicates that the proposed method is more suitable for financial distress prediction than single quantitative analysis.
financial distress prediction indicators principal component analysis quantitative and qualitative method
Dong Yu Sun Tao
School of Economy and Management, Beijing Institute of Petrochemical Technology, China Sinopec engineering incorporation, Beijing
国际会议
第八届武汉电子商务国际会议(The Eighth Wuhan International Conference on E-Business)
武汉
英文
1246-1254
2009-05-30（万方平台首次上网日期，不代表论文的发表时间）