摘要
自2005年我国股权分置改革以来,大股东减持现象变得越来越频繁。大股东减持不仅会直接影响公司业绩,还会使公司面临严重的财务风险。Z值模型作为上市公司财务风险预警模型,在衡量企业的财务风险中已得到广泛运用。因此,本文基于Z值模型对坚瑞沃能面临的财务风险进行了研究,得出大股东的减持比例与公司财务风险呈现显著正相关。
Since my country’s share-trading reform in 2005,the reduction of major shareholders’holdings has become more and more frequent.The reduction of major shareholders will not only directly affect the company’s performance,but also expose the company to serious financial risks.As a financial risk early warning model of listed companies,the Z-value model has been widely used in measuring the financial risks of enterprises.Therefore,based on the Z-value model,this paper studies the financial risks faced by Jianrui Woneng,and concludes that the proportion of major shareholders’holdings reduction is significantly positively correlated with the company’s financial risks.
作者
苏金荣
夏勇
王金艳
SU Jinrong;XIA Yong;WANG Jinyan(Zhejiang Yuxiang Vocational and Technical College;Jiangxi Normal University)
出处
《中国商论》
2021年第13期73-75,共3页
China Journal of Commerce
关键词
大股东减持
财务风险
Z值模型
股权分置
坚瑞沃能
big shareholders’reduction
financial risk
Z-value model
equity split
Jianrui Woneng