Empirical Research on Financial Distress Early Warning Based on Ternary Logistic Model

摘要：

Most scholars applied dichotomy to the company financial distress research, which classifies listed companies into two categories. We apply trisection method, which classifies listed companies into three categories: financial distress companies, financial unstable companies and financial healthy companies, and apply principal component analysis method and ternary Logistic model to construct a financial distress prediction model. The empirical results indicate that the financial distress prediction model based on ternary Logistic model has better forecast ability and lower misjudge costs.

关键词： component financialdistress principalcomponentanalysismodel ternaryLogisticmodel

作者: Dai Hong-jun

作者单位: Economics and Management Department Huainan Normal University Huainan ,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）