Research On Listed Company Financial Risk Early-warning

In China, the capital market is greatly developed, the market economic system is gradually perfect, under this situation, competition between listed companies is increasingly fierce, and some companies will inevitably fall into financial crisis, or even go bankrupt. If listed companies fall into crisis, they will threaten many aspects of economic life, and create the tremendous impact. At present, many listed companies in china meet the problem of Special Treatment, one of the main reasons is that they are fallen into financial crisis. If we can make timely and effective measures before the companies appear financial crisis, it is possible to avoid greater losses.Based on this consideration and financial risk early-warning's study situation and methods, this article puts financial risk identifying and financial risk evaluation into the study frame of listed companies financial risk early-warning, so that listed companies managers can fully identify company risk factors and evaluate company financial situation to construct effective financial risk early-warning model. According to financial risk and financial risk early-warning theory, this article proposes the process of listed company financial risk early-warning, constructs listed company financial risk's fuzzy group analytic hierarchy evaluation model and listed company financial risk early-warning model.This article structure makes the arrangement as following: First chapter is the introduction, mainly introduces the background and significance of the study, the domestic and foreign related study summary, this article's study methods and structural framing. Second chapter is the financial risk early-warning's basic theory. It introduces the financial risk theory, the financial risk early-warning definition, function and process. Third chapter is listed company financial risk's identifying and evaluation study, firstly introduces the financial risk identifying basic method, then based on listed company financial risk's fuzziness and decision-maker's group, constructs the fuzzy group analytic hierarchy process evaluation model. Fourth chapter is listed company financial risk early- warning theory study, introduces the financial risk early-warning's goal, function and analysis methods and indicator system's construction principle and constructs the financial risk early-warning's indicator system according to these. Fifth chapter is the listed company financial risk early-warning model study, takes financial crisis company of A-share listed company as the study object, selects samples, chooses the principal components factors through the factor analysis method, establishes the early warning model by Logistic Regression, and gets very good forecast effect through examination, the model has some certain practicality value.