Study on Reason of Financial Distress of Chinese Listed Corporation

摘要：

Based on the forefathers’ research, this paper made an empirical study on reason of financial distress. We chose the panel data of new ST companies between 2004 and 2006 and used the method of Logistic regression to find the result. The empirical results indicated that not all the countermeasures we chousen are effective. At last, we got our conclusion that the indicators of current ratio, cash flow leverage ratio and legal person shares of companies had a negative correlation with the probability of financial distress.

关键词： listedcompany financialdistress causesoffinancialdistress

作者: CAO Defang CHEN Ke SONG Shan

作者单位: School of Business Administration, Northeastern University Northeastern University Shenyang, China School of Business Administration, Northeastern UniversityNortheastern UniversityShenyang, China

会议类型: 国际会议

会议名称: 2011 International Conference on Business Management and Electronic Information(2011商业管理与电子信息国际学术会议 BMEI2011)

会议地点: 广州

会议语种:英文

页码: 1-4

在线出版日期: 2011-05-13（万方平台首次上网日期，不代表论文的发表时间）