Research Of The Financial Risk Assessment And Control In Listed Companies In Northeast Equipment Manufacturing

The 21st century is the century of changing, full of competition and challenges. The enterprise which has opportunities also face greater risks, more and more listed companys fall into financial distress or even bankrupt. However, listed companies in financial difficulty is not sudden, but a gradual process, some models can predict the risk and take appropriate measures to prevent the risk of further deterioration, to achieve the purpose of prevent further deterioration. Based on this, the financial risk assessment and control both in highly regarded in the country or abroad, but domestic financial risk assessment on the study did not sub-sectors, and only stay in the theoretical model of stages of construction, lack of practicality.Equipment manufacturing industry is the industry for other machine tools and equipment, the development of other national economy industry directly determines the level of modernization of the equipment manufacturing industry. Based on the northeast, this paper will be limited to the equipment manufacturing industry research firms.Firstly, use 40 listed companies between 2005 to 2009 in the equipment manufacturing industry which was the first time implemented special treatment due to financial reasons and 40th financial normal companies paired by company size. To improve the accuracy of the model this paper selecte eight non-financial indicators on the basis of financial indicators to construct the financial risk assessment model.Then use the model to evaluate the financial risk of listed companies in northeast equipment manufacturing industry. The conclusion is that the equipment manufacturing industry in Northeast China's listed companies have greater financial risks, higher than the national level. By analyzing the risks from financing, investment, operating funds, income distribution and compared with the national average level, some proposals and measures was proposed to control and prevent the risks. Finally, this article summarized the contributions and deficiencies.