Study of Enterprises' Financial Crisis Early Warning Model Based on Pain Index Method

摘要

The enterprises' financial crisis early warning is a front research field and hot issues in managerial science and engineering.This paper first establishes multi-factor early warning indicators of financial crisis;the index system broke through the previous ideas that only use the financial ratios or use less of the non-financial ratios in the system,and fully reveals the important impact of the non-financial ratios on the financial crisis.On the basis of above,we establish the financial crisis early warning models in use of the method of pain index.At last,the paper gives an empirical study in order to prove the early warning model's feasibility.The result reveals that the model can comprehensive display the status and the degree of the factor of crisis,so it can improve the prediction and prevention capability of the enterprises' financial crisis.