The Research on Comprehensive Financial Crisis Early-warning Model of Chemical Public Companies

DOI

10.2991/emcm-16.2017.43How to use a DOI?

Keywords

Equity structure; Chemical industry; Financial early-warning

Abstract

The financial early warning research has always been more of a topic, along with the market economic development, and financial early warning model research is more and more refined to every industry. It can help enterprise to predict the future development, through the study of financial early warning model for every industry, For example, if enterprises have a potential crisis, timely financial remedy can save them. Previous scholars have also a lot of research on the chemical industry, but through the combination of quantitative and qualitative analysis of the chemical industry listed company about financial early warning model research is less than any other industry. This article selects 10 ST chemical industry enterprises with 10 non ST companies as the research sample. It analyzes the financial situation of 2013-2015 ST enterprises by significance test and correlation test screening of financial indicators to establish a Fisher discriminate financial early warning model. At the same time, comprehensive financial early warning mode is conducted by the Fisher financial early warning model combining with equity structure non-financial indicators, and using Fisher discriminate analysis 1. This article will select 40 sample data into Fisher financial early warning model and Fisher 1 comprehensive financial early warning model for judging the effectiveness of the early warning model and Fisher1 comprehensive financial early warning model to predict ability is more effective than Fisher financial early warning model prediction.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Li Wang
AU  - Xiangguo Li
PY  - 2017/02
DA  - 2017/02
TI  - The Research on Comprehensive Financial Crisis Early-warning Model of Chemical Public Companies
BT  - Proceedings of the 2016 7th International Conference on Education, Management, Computer and Medicine (EMCM 2016)
PB  - Atlantis Press
SP  - 219
EP  - 223
SN  - 2352-538X
UR  - https://doi.org/10.2991/emcm-16.2017.43
DO  - 10.2991/emcm-16.2017.43
ID  - Wang2017/02
ER  -