Research On Risk Identification Of Performance Change Of Listed Companies

The operations performance of many listed companies have declined following the development of China’s macro-economy and the intensification of enterprise competition.In order to attract more external capital inflows,some listed companies deliberately conceal the true situation of enterprises by dishonest means such as financial fraud and improper disclosure.If the authentic performances,the huge operating gaps or any bad news of the listed companies were exposed to the public,the heavy losses would be imposed against the investors undoubtedly.Therefore,it is of great significance to protect relevant interests of investors as well as regulating the capital market,through timely discovery of the operational risks proposed by the listed companies.To sum up,combined with the multi-channel enterprise information such as financial reports and inquiry letters that investors can master,establishing a scientific and feasible risk identification model of performance change of listed companies have far-reaching influence and certain practical significance to prevent investors from stepping into performance risk and suffering loss of interests.This thesis starts from the relevant theoretical basis,through the research on the theory of performance change related research status at home and abroad,sort out the key areas and core indicators that are easy to identify performance change,and define the concepts of performance change and performance change risk identification of listed companies.Through the actual case study,this thesis analyzes the causes and signs of performance changes of listed companies in accounting matters,operating ability and fraud,and selects 16 performance change risk identification indicators combined with indicator demonstration.By issuing questionnaires to experts,the weight of indicators at all levels is determined,and combined with fuzzy comprehensive evaluation,the scoring standard of each index is specified,so as to build a scientific and reasonable risk identification model of performance change of listed companies.Finally,taking Kangde Xin Composite Material Group Co.,Ltd.as an example to carry out a case test regarding the risk identification and evaluation model of performance change of listed companies to prove the practicability of the model.This is a new risk identification and evaluation model for performance changes of listed companies.It is hoped that this risk identification model can help investors identify the potential risks of performance changes of listed companies,and better understand the real situation of the invested enterprise and the risks that can be faced by investing in the enterprise,So as to help investors avoid listed companies with high risk of performance change and reduce investment losses.