A study on the establishment of financial crisis early-warning model for A-share listed companies

Author(s):  
Yue Shangzhi ◽  
Cui Hongkai
2022 ◽  
Vol 2022 ◽  
pp. 1-9
Author(s):  
Maotao Lai

With the further development of China's market economy, the competition faced by companies in the market has become more intense, and many companies have difficulty facing pressure and risks. Among the many types of enterprises, high-tech enterprises are the riskiest. The emergence of big data technologies and concepts in recent years has provided new opportunities for financial crisis early warning. Through in-depth study of the theoretical feasibility and practical value of big data indicators, the use of big data indicators to develop an early warning system for financial crises has important theoretical value for breaking through the stagnant predicament of financial crisis early warning. As a result of the preceding context, this research focuses on the influence of big data on the financial crisis early warning model, selects and quantifies the big data indicators and financial indicators, designs the financial crisis early warning model, and verifies its accuracy. The specific research design ideas include the following: (1) We make preliminary preparations for model construction. Preliminary determination and screening of training samples and early warning indicators are carried out, the samples needed to build the model and the early warning indicator system are determined, and the principles of the model methods used are briefly described. First, we perform a significant analysis of financial indicators and screen out early warning indicators that can clearly distinguish between financial crisis companies and nonfinancial crisis companies. (2) We analyze the sentiment tendency of the stock bar comment data to obtain big data indicators. Then, we establish a logistic model based on pure financial indicators and a logistic model that introduces big data indicators. Finally, the two models are tested and compared, the changes in the model's early warning effect before and after the introduction of big data indicators are analyzed, and the optimization effect of big data indicators on financial crisis early warning is tested.


2013 ◽  
Vol 670 ◽  
pp. 216-221 ◽  
Author(s):  
Wei Ming Mou ◽  
Shui Bin Gu

The article takes listed companies as research samples. Firstly, it selects 36 ST or *ST companies listed in Shanghai and Shenzhen Stock Exchange Market, who received special treatment during 2007 to 2009 for the first time and it also chooses another 36 normal companies as paired ones. Then, after using Factor analysis for identifying indexes, the paper go on with utilizing logistic to structure a financial long-term warning model. To verify the effectiveness of the model, the paper selects another 12 financial crisis companies and 12 financial fit companies to test. The results come out to show that establishing an effective long-term financial early-warning system helps enterprises to avoid financial crisis.


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