Empirical Studies On Financial Crisis Cause And Its Early-warning In Chinese Architecture Enterprises

With the development of market economy, the business competition becomes more and more vehemence. In this condition, architecture enterprises have to face various exist environmental indeterminations, and these indeterminations may lead to various crisis in different degree. These crises threaten the common operating of the enterprises and even cause the bankruptcy directly. In order to promising safe operation and promoting the system innovation for the architecture enterprises in the vehement competition, we must to anal size the cause of the crises and constitute the early-warning system for the companies. In opposition to other industries, the research on financial crisis early-warning for architecture enterprise is still less, the management method is lonely and the view is fall behind. Wherefore, it is necessary to make research on financial crisis early-warning for architecture enterprises from the theories and fulfillment both sides. The fact express that building the early-warning mechanism of the financial crisis of the architecture enterprises is very important for enhancing the competition ability and sustainable development ability of the architecture enterprises.First, this text defined the research object on the foundation of related research achievement. In the next place, according to the characteristics and present conditions of our architecture enterprises and using the foundation theories of financial crisis early-warning, this text analyze the premonition for financial crises and it also analyze the cause for financial crises in the view of enterprise and project.. These researches make the enterprise to carry on financial crisis early-warning effectively.In the foundation of cause analyses for crisis, this text constituted the index system of financial crisis early-warning with the characteristics of the architecture enterprises and introduced the evaluation method for this system simply. This is the important basis and link for early-warning management in routine.Furthermore, this thesis is focused on early-warning of corporate financial crisis in the listed household electric appliance manufacturers of china. First, financial indexes system is constructed on the basis of open-disclosed annual statements. Second, multivariate statistical analysis methods are used for statistics and analysis, such as cluster, discriminant analysis, and established multivariate models for the empirical study on early-warning of financial crisis by making use of SPSS statistical software. Third, comprehensive analysis and assessment are accordingly made then. The early-warning index system and model form the whole system.At last, this text put forward related countermeasures and advices in the view of enterprises crisis consciousness, enterprises system and operates management according to the research before. The enterprises should to enhance crisis consciousness, build early-warning system and pay more attention on the management for the key links in daily operate. This can improve the competition ability for the architecture enterprises and keep on a stable development.