Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022)

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Research on Financial Distress Diagnosis of Real Estate Listed Companies Based on PCA-Logistic Model

Authors
Yu Jiang1, Kai Xu1, *, Yan Hu2, Dongyang Li1, Dongxu Long3
1Business School, Chengdu University, Chengdu, China
2School of Economics and Management, Neijiang Normal University, Neijiang, China
3School of Mechanical Engineering, Southwest Jiaotong University, Chengdu, China
*Corresponding author. Email: xukai@cdu.edu.cn
Corresponding Author
Kai Xu
Available Online 21 July 2023.
DOI
10.2991/978-94-6463-194-4_43How to use a DOI?
Keywords
Financial Distress; Listed Real Estate Companies; Principal Component Analysis; Logistic Regression
Abstract

Financial distress diagnosis is of great significance to the risk prevention and control and sustainable operation of real estate industry. This paper takes China's a-share listed real estate companies as samples, selects financial indicators based on the characteristics of the real estate industry, and uses PCA-Logistic system to build a model of the second year before the enterprise falls into financial difficulties. The results show that the company's profitability and capital market performance factors contribute the most to the prediction, and the prediction accuracy is high. The suc-cessful construction of the model provides a basis for decision-makers to accurately and prospectively judge the fi-nancial distress of real estate companies.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
21 July 2023
ISBN
10.2991/978-94-6463-194-4_43
ISSN
2352-5428
DOI
10.2991/978-94-6463-194-4_43How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yu Jiang
AU  - Kai Xu
AU  - Yan Hu
AU  - Dongyang Li
AU  - Dongxu Long
PY  - 2023
DA  - 2023/07/21
TI  - Research on Financial Distress Diagnosis of Real Estate Listed Companies Based on PCA-Logistic Model
BT  - Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022)
PB  - Atlantis Press
SP  - 306
EP  - 312
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-194-4_43
DO  - 10.2991/978-94-6463-194-4_43
ID  - Jiang2023
ER  -