A Comparison Study and Modeling Suggestion on Financial Crisis Prediction at Home and Abroad
In this paper, a full review of prediction models of financial crisis has been provided. The differences, advantages and defects of prediction models established by foreign and domestic researchers are compared on the base of four aspects such as the definition of financial crisis, the choice of samples, the choice of variables and computation methods. These four aspects are key points to build prediction models of enterprise financial crisis. Four modeling suggestions on improving prediction models are proposed for our researchers in respect of above four aspects, which involve establishing a two-stage prediction model, choosing more reasonable samples with the same characteristics, considering cash flow & non-financial ratios and combining qualitative & quantitative analysis method.
financial crisis prediction model comparison study modeling suggestion
Peng Wu Weijun Zhong Yingyu Wu
School of Economic and management, Southeast University, Nanjing 210096, China
国际会议
太原
英文
18-22
2010-10-22（万方平台首次上网日期，不代表论文的发表时间）