Research on Financial Warning Model Based on Two-stage Discrimination Method

摘要

The paper point out to utilize two-stage discrimination method to construct financial warning model.Firstly,the paper chooses the manufacturing companies that is special treated in 2008 and the pairing enterprises as research samples,and extract four principal component factors from 14 financial indicators using principal component analysis,then select two-stage discrimination method,liner discrimination method and logistic regression method to build financial warning model.The Results show that this method is feasible,and has obvious advantages compared with other methods.