Analysis Of Listed Company’s Financial Difficulties

Market economy is competitive and risky, under the circumstance, enterprisesmust go through survival of the fittest and the serious competition. After China joinedthe WTO, Our enterprises have competed with enterprises from all over the world.The corporate finance confronts with greater risk and complexity. Recently, with thefast development of the global economy, market competition becomes more and moreserious. The external-environment that the enterprises face becomes more and morecomplex and miscellaneous. Therefore, due to various reasons, a large number ofenterprises may have trouble in financial distress cost or even into bankruptcy allaround the world. On one hand, it may cause the irresistible loss for the enterprises,and on the other hand, it may have bad influences on the economy of the society.Under this background，the financial distress cost becomes a hot topic for scholarsboth aboard and at home.The paper is organized as follows. Section1provides the backgroundinformation of this research. Related literatures are reviewed in section2.the researchmethod and hypotheses are discussed in section3and the empirical results arediscussed in section4.