Construction of Financial Warning Model for the Listed Companies Based on Cash Flow Index

被引:0
|
作者
Lu Yin [1 ,2 ]
机构
[1] Jiangxi Univ Finance & Econ, Sch Accounting, Nanchang 330013, Jiangxi, Peoples R China
[2] Nanchang Hangkong Univ, Sch Econ & Management, Nanchang 330063, Jiangxi, Peoples R China
来源
PROCEEDINGS OF THE FOURTH INTERNATIONAL SYMPOSIUM - MANAGEMENT, INNOVATION & DEVELOPMENT, BK ONE & TWO | 2017年
关键词
Cash flow index; Listed company; Financial warning; PREDICTION;
D O I
暂无
中图分类号
K9 [地理];
学科分类号
0705 ;
摘要
China's listed companies are facing a lot of fierce competitions and challenges which come from home and abroad, the main threat of the listed companies is the financial crisis. Because the cash flow index can reflect the true financial information, we started from the perspective of cash flow based on the analysis of its superiority and necessity, selected some financial ratios about its liquidity, solvency, profitability, development capacity and financial flexibility, analyzed the significance and relevance of these index, established the model. Then, according to the probability that was calculated by the model, we can judge whether the financial crisis occurs. Lastly, we used the date of the company to test the model and judge the accuracy and feasibility to the financial crisis. The results show that the financial warning model based on cash flow index can achieve more than 80% of the accuracy of the crisis prediction, the effect of the crisis prediction is better.
引用
收藏
页码:989 / 998
页数:10
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