The Research on Comprehensive Financial Crisis Early-warning Model of Chemical Public Companies

The financial early warning research has always been more of a topic, along with the market economic development, and financial early warning model research is more and more refined to every industry. It can help enterprise to predict the future development, through the study of financial early warning model for every industry, For example, if enterprises have a potential crisis, timely financial remedy can save them. Previous scholars have also a lot of research on the chemical industry, but through the combination of quantitative and qualitative analysis of the chemical industry listed company about financial early warning model research is less than any other industry. This article selects 10 ST chemical industry enterprises with 10 non ST companies as the research sample. It analyzes the financial situation of 2013-2015 ST enterprises by significance test and correlation test screening of financial indicators to establish a Fisher discriminate financial early warning model. At the same time, comprehensive financial early warning mode is conducted by the Fisher financial early warning model combining with equity structure non-financial indicators, and using Fisher discriminate analysis 1. This article will select 40 sample data into Fisher financial early warning model and Fisher 1 comprehensive financial early warning model for judging the effectiveness of the early warning model and Fisher 1 comprehensive financial early warning model to predict ability is more effective than Fisher financial early warning model prediction.