摘要
通过运用上市公司中报数据和多元Z值判定模型对上市公司主营业务质量和财务危机的相关性进行实证分析,结果表明:主营业务质量在财务危机公司和非财务危机公司间存在着显著的差异,在单因素方差分析中,显著性水平达到了0.002,说明主营业务质量对区分两类公司有一定的价值。数据结果显示,上市公司必须以坚持和壮大自己的主营业务为核心,以形成和提高自己的核心竞争力为目标,来实施企业的发展战略。同时,利用中期报告数据构造的多元Z值判定模型,回判准确率达到了85%,预测精度达到了72.5%,说明我国上市公司中期报告具有相关的信息含量。
This article mainly examines the relationship between the quality of main operation and the financial distress using interim reports of listed corporations and the multivariate Z-score discriminate model. We find that the quality of main operation of non-financial distress corporations is significantly different from that of financial distress corporations. It is suggested that the quality of main operation is useful for discriminating the two different kinds of corporations. The data also demonstrate that there is related information in interim reports of listed corporations.
出处
《青岛大学学报（自然科学版）》
CAS
2006年第2期83-88,共6页
Journal of Qingdao University(Natural Science Edition)
关键词
主营业务利润费用率
财务危机
核心竞争力
中期报告
the rate of main operating profit to period expenses
financial distress
core competence
interim report
