| With the sustainable socioeconomic development of our country and the popularization of the concept of education for all,Internet education has suddenly emerged,and capital has rushed to enter the education track,and some online education companies have also realized their listing plans.However,with more and more competitors joining in and policy changes,the uncertainty and competitiveness of business operations are getting higher and higher.Stakeholders will pay more close attention to the financial status of listed online education companies.Especially after the release of the "Double Reduction Policy",the education industry is facing industry shocks,and the stock prices of listed education companies have plummeted.Not only shareholders,but also users and government regulators are watching the financial health of such companies.Therefore,it is of great research value and significance to analyze the impact of the "Double Reduction" on its business performance,and to identify and warn its existing risks.This article firstly reviews the status of financial risk early warning research at home and abroad,and gives a brief comment on it.Secondly,the theoretical foundations related to the research content of this article are explained,mainly including financial risk management,unbalanced market theory,principal-agent theory,internal control theory,etc.,which lay a foundation for further research of the article.Thirdly,in the empirical research,the Z3 scoring model is chosen and the calculation formula of the Z3 model and the specific meaning of each variable are explained first.For the sample companies,the fixed effect model is used to verify the impact of the double reduction policy on the Z3 value of the enterprise,and the Z3 of the sample company is calculated separately to judge whether it meets its discriminating conditions,so that it can really play an early warning role.After reaching the relevant conclusions,it puts forward improvement suggestions for my country’s education industry and education listed companies,so as to escort the company to develop more smoothly and smoothly in the future. |
