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A Study On Financial Early Warning System Of Chinese Listed Company

Posted on:2004-06-07Degree:MasterType:Thesis
Country:ChinaCandidate:S D HuangFull Text:PDF
GTID:2156360092491393Subject:Accounting
Abstract/Summary:PDF Full Text Request
Financial early warning system of listed company is a monitoring system, on the basis of enterprise information, by means of financial report forms, operation plans and others financial data of listed company, with the aid of financial analysis methods, such as proportional analysis, mathematical model, distinguishes financial crisis according to signal come from early warning index and lift a warning to the listed company interest related aspects.Financial early warning system arises from America in the very beginning. Overseas security market have been developing for quite a long time, with not only a pretty high frequency of studies of listed company financial early warning, but also a rather mature development. Some research workers have developed many financial early warning models, among which some even become time-tested business softwares, in the light of financial feature of financial crisis company. Overseas success stories indicate, financial early warning system of listed company can correctly forecast and prevent financial crisis for listed company, monitor the quality of listed company and the risk of security market for government manage departments, protect normal rights and interests of investor and creditor, reduce shock of security market and promote the benign development of listed company, which is helpful as regards the security both the economy and society.Compared with overseas security market, Chinese security market got off to a late start, listed company behaviour hasn't enough norms . With the continuous development, mature of security market and listed company in China, there is a larger and larger market demand for financial early warning system, Not only academic circles but also practical circles begin to tighten explore and study financial early warning system of listed company.This thesis will be divided into five chapters as follows to discuss financial early warning system of Chinese listed company, the basic theory of financial early warning system, the status quo and defects of the application and studies of financial early warning system in Chinese listed company, the introduction and enlightenments of the overseas studies of listed company financial early warning system, the authentic proof analysis of applying Z-score model to forecast the financial crisis of Chinese listed company, the suggestions for perfecting financial early warning system of Chinese listed company.Chapter 1, the basic theory of financial early warning system. It develops the definition and connotation of financial early warning system from the risk and financial crisis, shows financial early warning system incorporating four specific properties as follows, relevancy, forecast, prevention and sensitivity, it further expounds the monitoring object and functions of financial early warning system, specifies the four functions of financial early warning system, collect information, predicts crisis, control crisis, removes a potential crisis. At the end of this chapter, it summarize the main content of financial early warning system as three aspects, financial forecast system, financial early warning index system, early warning and removal warning.Chapter 2, the status quo and defects of the application and studies of financial early warning system in Chinese listed company. This chapter discusses the necessity and feasibility of building the financial early warning system of listed company in China firstly, then based on the facts of security market and company in China, expound the status quo of the application of financial early warning system in Chinese listed company, and analyse its causes, listed company interest related aspects lack awareness of applying initiatively financial early warning system and the lack of fidelity of listed company accounting information spoil the effect of financial early warning system At the end of this chapter, give a brief account of status quo of studies of financial early warning system, show clearly that factor which restricts the studies of financial ea...
Keywords/Search Tags:Listed company, Risk, Financial crisis, Financial early warning, Early warning analysis
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