Empirical Study Of China’s Real Estate Listed Companies’ Financial Early Warning Model

In recent years, China’s market economy continues to reform and development, and in the past compared to the current business environment facing increasingly complex, corresponding also accompanied by various risks. For businesses, are facing a number of risks, which was undoubtedly the most direct impact of financial risk, and the corresponding financial risk is relatively easy to quantify and risk segmentation. We use currently existing corporate financial early warning model of financial factors can include financial condition and some non-financial factors in a comprehensive analysis and evaluation of the potential financial risks exist to prepare ahead of time, managers and other business interests stakeholders in advance to deal with, discuss appropriate solutions and come up with strategies to help avoid some losses, so that enterprises can smooth transition.Since 2008, the government response to the global economic crisis, has developed a series of stimulus measures, including, for greater efforts to stimulate the real estate industry, of course, there have been some late overheating, the State Council and government departments at all levels to develop a series of macro-control measures designed to curb housing growth, trying to make the real estate to return to the track of healthy development. China’s real estate industry is characterized by a fundamental corporate capital investment, the payback period is longer. More notably, China’s real estate business in equity capital less, like the vast majority of banks and other financial institutions need to make loans and financing, a direct consequence of this behavior is caused by the high rate of corporate assets and liabilities, and even some real estate companies more than 80%, so compared to the industry and business, our real estate enterprise financial risk is relatively large, the problem is more prominent. This paper selects some Chinese listed real estate companies as research subjects, precisely because the real estate industry, the impact on the national economy healthy operation of large, involving many interest groups, because of their research is feasible, necessary.Takes full advantage of this writing, the related theories of previous studies, our real estate business to seize the existing salient features, combined with an in-depth discussion of its development status, factors estate enterprise financial crisis affecting deeper explanation. Also made part of the solution, a comprehensive explanation of the whole process of the financial crisis, and thus a detailed description of the manifestations in various stages of the financial crisis. I hope the relevant real estate management to be sufficient attention.Paper selected in the research process of China’s real estate listed companies in the financial year 2012-2013, the relevant data, selected 29 financial indicators, the selected sample companies into two groups, the focus of the study of factors affecting the financial crisis, and then select related variables, build financial early warning model to empirical analysis, the final results of empirical research, and finally get the relevant conclusions, with the 2013 financial data of listed real estate companies to verify the financial early warning model is constructed to test its accuracy, the last hope You can make some constructive suggestions.