Our Country Goes On The Market The Corporate Finance Early Warningmodel Applied Research

under the condition of market economy,it is unrealistic for each enterprise to avoid an financial failure absolutely. In certain conditions, there are always some companies which will fall into the plight of financial failure. However, the financial failures can somehow be anticipated in advance. The financial failure is influenced by many factors, and the financial risk warning model both domestic and foreign scholars are now studying is based on many aspect of the company's financial situation, including the ability to make a profit, the operation efficiency and the growth ability. This paper is emphasized on the relationship between the mobility of the assets and the financial failure.In this paper, the author chose ten listed companies which were dealed with especially in 2005 as samples, and anther ten listed companies of the same period in the same industry which have healthy financial situation as matching samples. Thus, an estimation sample group is formed which consist of twenty listed companies. The author also chose twelve financial criteria of four categories which can reflect the mobility of the assets as the characteristic variable of the financial risk warning model, and then established financial risk warning model for the listed company using factor analysis method. The effect of the financial risk warning model was checked by another twenty sample group, and was put in use to *ST Jiazhi, in order to provide new thoughts of establishing financial risk warning mode for the listed companies.