Research on Financial Dilemma of Listed Companies Based on Kaplan-Meier

摘要

The financial distress problem of listed companies has been the hotspot of research, from linear regression to neural network, and the research results of various models have been endless. 1998 China's implementation of the stock market rules, there will be financial abnormalities listed as ST. Based on the relevant theoretical basis and Kaplan-Meier model of survival analysis, from the CSMAR database to select the starting point in 1998, this year China listed A shares of the company for the study of the object, the relevant financial indicators for the data samples, the special treatment (ST) of the time as the company "death" time, Kaplan-Meier model was used to obtain the influence of the relevant financial indicators on the survival probability in the observation time.