我国上市公司财务预警实证研究——基于Z-score模型的探析

An Empirical Study of Financial Distress Prediction of Chinese Listed Companies Based on the Z-score Model

建立预警系统对企业财务运营进行预测预报,是十分必要而重要的。以我国上市公司中的72家企业为样本,采用实证分析方法,可以建立基于Z-score模型的上市公司财务线性判别预警模型。研究表明,该模型适用于多种行业,具有较高的准确率,会对我国企业的财务危机预测、防范发挥一定作用。

The establishment of early warning systems for predicting and forecasting the financial operations of businesses is very necessary and important. This paper, taking 72 Chinese listed companies as samples and adopting the empirical analysis method, creates an early--warning model based on the Z--score model for predicting the financial status of business companies. Studies have shown that the model is applicable to a wide range of industries with high accuracy and can contribute to the forecasting and prevention of Chinese enterprises financial crisis.