Research On Financial Crisis Early Warning Of Real Estate Enterprises

In recent years, research on enterprise financial crisis at home and abroad a lot, but most of the studies are for the whole industry. Different industries with significant differences in the operational reality of economic environment, to this end, to get early warning indicators and early warning model has directivity, must be combined with the industry ’s personality. This article is based on the theory of financial crisis early warning to the real estate business for the study, research and empirical research using a combination of theory, real estate financial crisis early warning research enterprise.The main contents of this paper are divided into three parts. The first part, theoretical research, which explored the universality of the theory of financial crisis early warning, including enterprise risk, corporate finance crisis and the early warning and other issues; second part, industry research, namely financial analysis of real estate enterprise’s own characteristics, from a business risk and corporate finance the angle of the formation mechanism of the crisis qualitative research; third part, empirical research that combines theory and real estate companies in general qualitative analysis of enterprise financial crisis to build real estate model, the real estate company’s financial crisis early warning quantitative analysis. In empirical research, I selected China’s A-share listed real estate companies as research objects to build early warning model, research process: selecting a sample company, select financial indicators, financial indicators of significant test, excluding no significant financial indicators, building model, model testing. Finally, draw the appropriate conclusions based on the findings and analysis of the limitations of existence.The main contribution of this study is a comprehensive enterprise financial crisis combing theory, first the financial crisis on the real estate business for qualitative analysis, re- use of early warning model of financial crisis in the real estate business to quantify and better early warning model.