Financial Early Warning Of Construction Enterprises Building And Crisis Prevention Study

Along with the fast development of Chinese economy and the acceleration of the economic globalization, the construction enterprises have rapidly development. In 2009, total added value of 2.2333 trillion Yuan of social construction, an increase of 18.2%. China has qualified for general contracts and specialized contracts construction enterprises realized profits of 266.3 billion Yuan, an increase of 21%, of which the state-owned and state holding enterprises 69.7 billion Yuan, an increase of 23.9%. Construction enterprises use more economic resources continuously, but also withstand the enormous pressure of market competition. As uncertainty increases, construction companies are facing increased financial risk resulting. The impact of financial risk if handled improperly will be accumulated to a certain extent to the building construction enterprise to financial crisis, thereby affecting the survival and development of construction enterprises. Therefore, how to guard against financial risks of construction enterprises, and resolve financial risks, building construction enterprise financial early warning mechanism and risk control mechanism is of great significance.Based on the theoretical description of the financial early warning, analysis of construction enterprises in the causes of the financial crisis, and selected financial early warning system of quantitative indicators, and through cluster analysis and discriminate analysis of building construction enterprises fit multivariate financial early warning Model. Finally, on the basis of these studies, this paper try to find building construction enterprise financial early warning diagnostic system. At the end this paper contains many measures, which are construction companies building the financial early warning diagnostic system, strengthen the financial management of construction enterprises, construction enterprises strengthen investment in fixed assets management, strengthen construction enterprise receivables management, strengthen construction enterprises tax administration, strengthen the construction enterprises of project financial management, and building construction enterprises comprehensive financial early warning system and risk prevention systems. These measures, which to prevent financial risks, and resolve the financial crisis is of great significance in construction enterprises.The innovation of this paper:First, cluster analysis and Fisher Discriminate in the financial early warning of a very high value. This article will cluster analysis and Fisher discriminate method is applied to structure the financial early-warning model construction enterprises, and get a better prediction. Second, this paper try to further research on the construction enterprise financial early warning models, and proposed the establishment of construction enterprises financial early warning diagnostic system concept.