Empirical Study on the Influencing Factors of Financial Crisis Based on Cox Model - Taking the Data of Listed Companies in Overcapacity Industry as an Example

摘要

This article adopts Cox Survival model to carry on the research of financial crisis early-warning, chooses the seven industries with surplus capacity in our country, and makes empirical research on the data of 900 listed companies of steel, coal, nonferrous metals, power generation, machinery and equipment, chemical industry and real estate, and 41 of the 900 listed companies are labeled In view of the 41 listed companies with the financial crisis, this paper chooses 70% as training samples, including 28 listed companies marked St, the remaining 30% financial crisis listed companies as test samples, and predicts the forecast samples on the basis of training sample model. The factors that affect the financial crisis of enterprises are obtained. Cox model can be a comprehensive analysis of the factors influencing the financial crisis of listed companies.