Abstract
The occurrence of financial crisis is related with financial factors. Many nonfinancial ones also contain important information relevant to the occurrence of financial crisis. If merely financial factors are taken into consideration, much useful information will be lost. Thus, the early-warning capacity of the model will be reduced. What’s more, we will fail to learn the cause for the occurrence of financial crisis at a more profound level. It is imperative to draw nonfinancial index into the study of financial crisis early-warning and build a more effective and more complete financial crisis early-warning model. The paper introduces not only financial index, but also nonfinancial index including enterprise ownership structure, corporate governance, and major item, etc, while it takes a preliminary identification and screening about the study sample, paired sample and early-warning indicators. Then we set up enterprise’s financial crisis early-warning model to complete the warning index system.
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© 2013 Springer-Verlag Berlin Heidelberg
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Ding, Sf., Hou, Yc., Hou, Pp. (2013). Logistic Financial Crisis Early-Warning Model Subjoining Nonfinancial Indexes for Listed Companies. In: Qi, E., Shen, J., Dou, R. (eds) The 19th International Conference on Industrial Engineering and Engineering Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-38391-5_72
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DOI: https://doi.org/10.1007/978-3-642-38391-5_72
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