Study On Construsting And Empirical Testing Financial Early Warning Model Of Listed Companies In China

In recent years, the bankrupt incident of domestic and international enterprises is of common occurrence, a lot of enterprises fall into the financial distress, therefore, established the finance early warning system to guard against the financial crisis, was extremely essential also extremely urgent. And constructing the financial early warning model is most essential. In domestic scholar's research, the majority adopts the annual report data of listed company to construct the early warning model of the financial affairs, have not almost used the interim report data of listed company to construct the model. This research is on the basis of early warning theoretical research and positive research of the domestic and international financial affairs, have analyzed current situation of listed company of our country and reason for forming the financial distress, determines "financial distress Company" as ST Company in stock markets of Shanghai and Shenzhen, chooses 37 ST Company and 37 non-ST Company as sample of studying, constructs the short-term early warning model of the financial report data in middle period of listed company of our country, and tests the accuracy of this model.