The Study of the Excess Growth and Corporate Financial Risks-Based on the Z-score Model

摘要

Based on the definition of enterprise's excess growth, using the sustainable growth financial theory, this paper analyses the financial risk mechanism created by the excess growth Using the Z-score model, we select 2008-2009 two years' data of automobile manufacturing industry from the listed companies as the research object to justify the theoretical assumption that excess growth enterprise has an greater occurrence of financial risk.