Dissertation > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods

Model based on Z-SCORE Financial Early Warning of Chinese listed companies

Author XuYongJun
Tutor ZhangYing
School Heilongjiang University
Course Accounting
Keywords financial crisis financial early-warning multiple discriminant analysis method Z-SCORE model
CLC F224
Type Master's thesis
Year 2011
Downloads 327
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With the continuous deepening reform of China’s market economy and the rapid development of capital markets, many companies due to external market competition and internal management of the poor produced a series of financial risk, triggering a financial crisis.Greatest extent possible to avoid the risk and reduce losses, become a matter of great concern to the interested person or even a country.Therefore, the construction of financial early-warning system of effective and practical, has a very important theoretical and practical significance.Analysis at home and abroad on the basis of the study, from the basic theory of modern financial crisis warning, the article gives meaning and concept of financial early-warning system of financial risk, explore the principle and function of financial early-warning system, in accordance with the principle of selecting China biochemical pharmaceutical companies in a range of financial indicators, establishes containing multiple financial early-warning index system of financial indicators, using multivariate discriminant analysis, builds listing a biochemical pharmaceutical company financial early-warning model--Z-SCORE model and prediction accuracy of the model has been validated.

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