An Evaluation Model Study on Financial Distress Prediction Stage of the Automobile Listed Company

摘要：

This paper examines financial ratios of auto listed companies as the research object, amends five-stage process of the financial distress proposed by Lau (1987), then classified companies as financial stage in order to understand the distribution of financial distress status of listed companies. The results suggested that business financial stage can be distinguished by total assets to equity ratio, quick ratio, and pre-tax profit to paid-up capital ratio; investment decisions model can be established by assets to equity ratio and net profit before tax of total paid-up capital ratio. Through investment model of financial distress status, investors determine the distribution of construction to reduce investment risk.

关键词： financial distress risk management prewaming model Automobile companies

作者: TANG Hua LU Xiangjun WANG Yusheng

作者单位: School of Accounting, Jilin University of Finance and Economics, Jilin, China, 130117 The Central Enterprise Power Technology Co., LTD, Beijing, China, 100051

会议类型: 国际会议

会议名称: The 3rd (2011) International Conference on Financial Risk and Corporate Finance Management(第三届(2011)金融风险与公司金融国际研讨会FRCFM 2011)

会议地点: 大连

会议语种:英文

页码: 15-19

在线出版日期: 2011-06-30（万方平台首次上网日期，不代表论文的发表时间）