Empirical Study On Financial Crisis Prediction Of Listed Companies

Since it is a gradual process for listed companies to plunge into financial crisis, it is desirable to discern the potential risks in advance. This paper, with the adoption of Multiple Discriminant Analyzing Approach and Logistic Regression Method, tries to find out optimal variables and financial crisis predicting model for Chinese listed companies based on audited accounting data.However, as far as predict capacity is concerned, both of them show some weakness, and we need to establish a predict approach of listed company's financial crisis, which not only depending on quantity model, but also depending on quality analysis as a supplement, for promoting the prediction accuracy.