Pre-warning of Financial Crisis on Listed Companies: Theoretical Model and Empirical Evidence
The appearing process of firms financial crisis is progressively, so it needs to be tracked and monitored by financial directors of a firm in the areas of financial business, at the same time, no sooner find any sign than have we dealt with it so as to avoid suffering heavy losses and being difficult position. This paper combines factor analysis method with Logistic model and sets up a Logistic-regression model based on some common factors as main variables. As a result, the model shows that it plays a marked role in the early warning of financial crisis, especially the factors which the growth ability of firm, corporate governance, manage ability of assets, and the reality of financial report in the model.
financial crisis pre-warning index factor analysis logistic regression
WANG Liying LIU Houping
College of Information Management, Chengdu University of Technology, P.R.China, 610059 Commercial College, Chengdu University of Technology, P.R.China, 610059
国际会议
威海
英文
935-939
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）