上市公司财务风险与宏观经济关系的实证研究

A Proof Study on the Relation between Accounting Risk of Issued Companies and Macroeconomy

现代财务管理以风险控制为中心.本文从上市公司的财务报表出发,利用主成分分析的方法研究财务风险.同时用面板数据的方法研究上市公司的财务风险与宏观经济状况的关系.在对1997～2000年的上市公司的财务风险研究后发现,上市公司的短期负债风险和盈利能力风险在其财务总风险中的比重与宏观经济的形势密切相关.

Modern accounting management focuses on risk control. This article chooses financial statement as the starting point, uses major-elements analysis to study accounting risk. Meanwhile, it uses facial data to study accounting risk of issued companies and macroeconomic situation. Based on the study from 1997 to 2000, this article points out there is a close relation between the ratio of short-term debt risk and profit capacity risk on its total accounting risk and the situation of macroeconomy.