我国上市公司财务危机预警指标体系的构建及筛选研究

本文在对国内外财务危机预警模型研究的基础上,以中国上市公司作为研究对象,将公司因财务状况异常而被特别处理(ST)作为企业陷入财务危机的标志,构建了一套包括7个方面30个指标的财务危机预警指标体系,并选取了我国深、沪两市A股2002~2008年间首次被ST的公司92家和配对财务健康公司92家企业进行指标的筛选。分析表明:所确定的指标体系能够涵盖上市公司财务的主要运行特性,而且能够比较全面地代表原始预警指标,建立的预警指标体系是全面而简练的。

China listed company financial crisis prevention index system's construction and sifting research

On the basis of suduying the domestic and international Financial Crises pre-warning model, this paper regards listed companies received ＂special treatment＂（ST） as a signal of financial crises, and try to predict financial crises of listed companies in China. Firstly, This paper disigns a set of pre -warning index system that includes 7 inspects and 30 indexes. Finally, regarded A-share listed companies in Shenzhen and Shanghai stock market of our country as the research objects, selecting 92 fistly ＂ST＂ companies and 92 financial health companies in 2002-2008 as the samples, the Selection of indexes has been carried on. The result indicates that the indexes screened out are comprehensive and concise.