An Empirical Study On Financial Distress Prediction Taking Into Account The Default Distance

With the continuous progress of interest rate management system, the opening of financial market, the diversification of financing sources and the white-hot market competition, the risks corporate faces internally and externally become heavier and heavier, how to predict corporate potential distress risks effectively and timely not only affects the risk control and management of investors and financial institutions, but also the stability and healthy development of the whole financial system. Thus, the research on corporate future default risk, in essence, has significant theoretical and practical meanings.Financial distress research focuses on financial distress prediction and the market reaction to distress, mainly including distress prediction research, market reaction after the release of distress condition, research on the relationship between distress...