“Z-Score”模型在企业财务风险监测与危机预警中的应用

“Z-Score” Model and Its Application in the Risk Monitoring and Crisis Warning of Enterprise Finance

进入 2 1世纪 ,经济全球化日益成为一种趋势。中国面对经济全球化的冲激 ,企业的生存和发展面临巨大的竞争压力。企业财务风险监测与危机预警机制的建立可以防范财务危机的发生 ,并能阻止财务状况进一步恶化。“Z -Score”模型是其中最重要的模型 ,它是一个运用多变思路建立的多元线性函数公式。在企业财务风险监测与危机预警中占很重要的地位 ,面对我国的实际情况 ,“Z -Score”模型有它使用的空间 ,但是我国企业由于自身的情况 ,Z值一般较低。所以应就目前我国的实际情况 ,建立符合我国的财务风险监测与危机预警系统。

Marching into the 21th century, economic globalization is becoming a kind of trend. While the trend impact on the economy of our country, enterprises will face the intense competition pressure from surviving and developing. The establishment of financial risk monitoring and crisis warning system within enterprises could keep the financial crisis away from enterprises or stop the financial crisis from developing. “Z-Score” model, which is a plural liner function set by applying of changeable thought, is the most important model for establishing the system, this model pays an important role in finance crisis monitoring and warning. The use of the “Z-Score” model has some room restriction in our country. Because of the low Z value in Chinese enterprises, the financial risk monitoring and crisis warning system in our country should be established based on the realities in China.