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《基于logit回歸模型的我國上市公司財務(wù)困境預(yù)測實證.研究》由會員上傳分享,免費在線閱讀,更多相關(guān)內(nèi)容在教育資源-天天文庫。
1、AbstractAbstractWiththerapiddevelopmentofChina’Ssecuritiesmarket,thenumberoflistedcompanieshasincreasedyearbyyear.Themarketisalsogrowing,becomingthebackbonetopromoteeconomicgrowthandhasmadetremendouscontributionstotheChina’Snationaleconomy.Nevertheless,theperformanceofChina’Slistedco
2、mpanypolarizationtrendisstillevidentinparticular,butalsotofurtherexpand.Thenumberofthecompanyfallingintofinancialdistressisalsoincreasing.Withthegrowingnumberofthelistedcompaniesfallingintothefinancialdistress,investorsandcorporatemanagersrealizedthattheestablishmentofasensitiveearly
3、warningmechanismresponsetothefinancialdistresstoavoidtheriskofinvestmentintheChina'ssecuritiesmarketisurgent.Listedcompaniesfallingintofinancialdistressdonothappenedsuddenly,butagradualprocess,itisentirelypossibletodetectfinancialdistressbeforeithappenintheuseofeffectiveway.Forecastf
4、orlistedcompaniesinfinancialdistresshasbecometheproblemwhichinvestors,managersandsecuritiesregulatorsallconcernabout.Thepredictionofcorporatefinancialdistress,notonlyhavealonghistoryofresearchinforeigncountries,butalsohavegottenmatureresearchresults,establishedtherelativetheory,andno
5、wwidelybeenused.However,researchinthisareainourcountryisstillatitsbeginning.Thecollectionofdata,selectionofindicatorsandmethods,aswellastheultimatetestofthemodelisstillhavingmanydifferencesamongresearchers.Furthermore,mostoftheresearchresultsduetolackofpracticalapplicationneedfurther
6、test.Astheincreasingattentionbeingpaidtothefinancialdistress,manyscholarshavebeencommittedtothisresearch,buttherearestillsomeshortcomings:whenlookingforpredictivepoweroffinancialindicators,thescopeisnotenoughcomprehensive,justconcernedabouttheindicatorsofrepaymentability,profitabilit
7、y,capacitydevelopment,capacity-operation,neglectingofcashflowandownershipstructureindicators.基于Logit回歸模型的我國上市公司財務(wù)困境預(yù)測實證研究Inthispaper,onthebasisofcomprehensive,in-depthstudyofdomesticandforeignlistedcompaniesfallingintofinancialdistressandtheresultsinthisarea,Isupposewhetherornotalist
8、edcompanywas