| Along with the development of Chinese securities market, the number and size of listed companies have grown with the size of the market competition which is becoming increasingly fierce. Any listed companies may plunge into the financial risks. If this can't be discovered in a timely manner and effectively resolved, enterprises will be in the trouble of survival. Meanwhile it will cause huge losses to linked interests of enterprises and related parties, thus a chain reaction and a vicious circle will take place which will make adverse impact on macroeconomic environment. In order to standardize the operation of listed companies and supply the basis to investors and regulatory authorities, the demand to establish mature early warning risk model has become more and more pressing. Study on risk pre-warning of listed companies not only has higher academic value, but also has enormous social value.On the study on traditional financial risk assessment method, the text introduces the method of extension evaluation which is based on the theory of matter-element. The article describes the fundamental principles of the extension evaluation, together with the basic concept such as extension set, matter-element, and correlation function. According to previous experience, the text summed up the application mode of extension evaluation method. Combined with the former theory and practice, the text establishes profitability, safety, size, growth and macroeconomic environment with 11 evaluation of the evaluation index system. On this basis, we combine financial indicators with non-financial indicators to establish a listed company extension evaluation model. Through testing of 66 listed companies with their historical financial data, we build an effective evaluation model, which is a more accurate way to judge the risk of the listed company, describle the financial trend of listed companies dynamically and provide a basis of decision-making and support for the main parties related. |
PDF Full Text Request