Empirical Research On Financial Crisis Pre-warning Model Of Listed Companies That Introduced Organizational Achievements

In order to analyze the financial distress prediction of listed companies, this paper constructs the model of warning for corporate financial distress of the listed companies in China by employing Fisher discrimination method and Logistic regression method. It introduces the organizational performance indicators, i. e. , the indicators of the company's performance which determined by the enterprise's behavior to its customers , employees and shareholders and employs SPSS16.0 statistical analysis software to make empirical analysis of 78 manufacturing listed companies,including normality test,non-parameter test and correlation test and ect on the primary index system . The empirical analysis shows that: when analyzing the financial distress prediction of listed companies , if the organizational performance indicators are introduced , both the Fisher discrimination model and Logistic regression model are better to predict whether a listed company will occur financial crisis, and Logistic regression method predicts more accurate than Fisher discrimination method.These two models of warning for corporate financial distress which introduce organizational performance index can effectively predict whether a listed company will occur financial crisis. They can be used as effective financial crisis forecasting tool for a manufacturing listed company by giving timely warning signals.They are of vital significance for the main stakeholders.