基于Z模型的制造业上市公司财务预警研究

Based on the Z model manufacturing listed company financial early warning research

为了对制造业上市公司进行财务预警,基于Z计分模型,采用我国深沪A股市场ST和非ST两类上市公司的财务数据,选择50家深沪A股制造业上市公司作为估计样本,推导建立起1个制造业财务预警模型,并以30家深沪A股制造业上市公司作为检验样本,对该模型进行检验分析。结果表明该模型可以给上市公司的利益相关者提供参考。

In order to provide a financial early warning before delisting of the listed companies, this article uses Z- score model, and the listed company financial data of Shenzhen and Shanghai stock market A, including ST companies and non ST companies. The study selected 50 manufacturing listed companies of stock market A as the estimated sample to establish a manufacturing financial early warning model, and using 30 manufacturing listed companies of stock market A as the test samples to test the model. This model provideds reference for stakeholders.