基于相关利益者的财务危机预警体系研究

摘要

选取A股制造业29家2012-2014年内首次被 ST 的财务危机企业和29家财务安全企业为研究对象,建立了以财务指标为自变量的逻辑回归模型和引入相关利益者变量的综合模型,并用此两种模型对样本发生危机的前三年数据进行了分类.研究结果表明,引入相关利益者变量在一定程度上能够提高现有财务危机预警体系的准确性.%Twenty-nine companies were selected which were financial risk with special treatment for the first time in the period of 2012-2014 and another 29 firms were selected whose finance were always security as the research object.The logistic regression model in which financial indexes were independent variables and stakeholder variables comprehensive model were established to classify the sample date of the first three years before crisis.The results show that the stakeholder variables could improve the accuracy of the existing finance crisis alarming system.