Research on Early Warning System for Payments Crisis in Listed Company

摘要：

This paper discourses the necessity and urgency for establishing payments crisis early warning system combined with the actual situation in China .We select 54 listed manufacturing companies on Shanghai Stock Exchange as debt default samples which are of inability to repay firstly during the period from 2003 to 2005 .We select the predictors according to the reasons for Inability to repay and then establish a Logistic Regression Model... The study shows that the expected financial distress costs, information of operating cash amount and inventory ratio have higher information for forecast the payment crisis .They supply decision-useful information for policy makers and investors.

关键词： Payments Crisis the Ezpected Cost of Financial Distress Cash Flow Information

作者: DING Shaofang ZHEN Lina

作者单位: College of Economics＆Management, North China University of Technology, Beijing 100144, P.R.China

会议类型: 国际会议

会议名称: 2009 International Institute of Applied Statistics Studies(2009 国际应用统计学术研讨会)

会议地点: 青岛

会议语种:英文

页码: 1-6

在线出版日期: 2009-07-25（万方平台首次上网日期，不代表论文的发表时间）