| With the gradual formation of economical globalization, competition in the market becomes more and more active. All sorts of crisis in the company are likely to erode and threaten the company's existence and development anytime, so that company's frequency of appearing bankruptcy and involving into financial crisis becomes higher and higher. So strengthen the knowledge to financial crisis, build up effective forewarning and preventative system of financial crisis have become a clamant research of financial management.The main contents of this paper as follows:The part â… ( namely the charter 2 ) analyses the basic theory of financial crisis and describes mainly its concept, characters, appearance of life period in different phases and sources, etc; the partâ…¡ ( namely the charter 3 ) analyses specifically the actuality, specific modes and reasons of financial crisis in Chinese listed companies through collecting connected data of ShenZheng and ShangHai province's ST companies in 2005; the part â…¢ ( namely the charter 4 ) explicates the company in the latent period of financial crisis should strengthen prevention, value primaeval signal, set up financial forewarning mode. Those companies that have involved into explosive period of financial crisis should initiate handling system of financial crisis and apply some active and effective measures to get rid of financial crisis. The part â…£(namely the charter 5 ) is about the application of mode. The author takes 58 ST companies and 58 NON-ST companies for example and chooses current quantity of cash as forewarning guideline, builds up modes, and forecasts and awards its level.The features and creations of this paper as follows: the first is, the author explicates completely and systematicly the basic theories, process to form and forewarning system, while financial crisis is formulated and researched as a running process. The second is, the author analyses the actuality and shapes of financial crisis in Chinese listed companies, and gives some resolutions through finding its reasons from three aspects including management, governance and finance, building up forewarning systems and handling it effectually. This paper is referential to company how to observe, recognize and prevent crisis of financial management. |
