The Study On Financial Crisis Warning Of Medium And Small Enterprise In China

Established for 13 years after our country stock market, in May, 2004, the mid-and small-scale enterprise board market finally promotes. It attached in Shenzhen stock market motherboard market, specially for has expanding and the technology content mid-and small-scale enterprise provides the direct financing platform, the mid-and small-scale enterprise board official start symbolized our country multi-level capital market establishment already started.However, places oneself in the competition intense economic society, the enterprise possibly faces the financial crisis as necessary, the mid-and small-scale enterprise board is not exceptional. The financial crisis occurrence is a process which advances gradually, looked is enterprise which drops down in the crisis, in fact many signs already exposed, enterprise interior some small questions accumulated over a long period of time, could cause the enterprise to lose gradually solves the question ability and the mechanism. If the business management level can discover early the company the financial crisis signal, can the seed stage which appears at the financial crisis take the effective measure to improve the enterprise the management and operation, thus guards against and the melt finance crisis effectively. The correct forecast finance crisis, to protects the investor and creditor's benefit, guards against the financial crisis to the operator, to government department supervising and managing in the platelet to be listed's quality and the stock market risk, all has the extremely vital practical significance.This article is under such environment background, attempts researching the finance crisis forewarns of mid- and small-scale enterprise, but in view of the fact that mid- and small-scale enterprise board epoch shorter, also conforms to the financial crisis enterprise number which this article limits too to be few, is unable to establish the model. Therefore this article attempts using the Shanghai and Shenzhen two places motherboard market goes on the market the company A manufacturing industry is the research object, distributes the total capital stock in 400 million Yuan below enterprise to take the model use the enterprise sample, the method establishment finance crisis which unifies using the financial norm and the non- financial norm forewarns the model, then mid- and small-scale enterprise the board in 2004 and in 2005 will go on the market the company to lead the model to carry on the examination, the examination result indicated, the model will forewarn the examination to mid- and small-scale enterprise the finance crisis to have the certain effect.