Research On Early Warning Of Financial Distress In Chinese Information Technology Listed Companies

The research on early warning of financial distress is an important research topic in the field of financial management,in the past domestic studies,they most researched on the whole companies,also on a certain area,as well as state-owned enterprises.This article specifically do financial distress early warning research on information technology category listing companies.In recent years China's sustained and sound economy development supports the development of information technology industry with a good external environment and adequate financial resources.Information technology industry and economic development form a virtuous circle,it actively promotes scientific and technological progress and structural adjustment,the whole industry has shown good economic situation.With further rise of the status in the national economy,but its proportion in the national economy and the status still relatively low.As the macro-and micro-economic environment,such as the vagaries of the objective factors,plusing difference between the managers of their professional qualities and experience,all can make enterprises in financial distress,or even go bankrupt.If by the scientific analysis on the financial position of information technology listed companies in recent years,we can establish an effective early warning of the financial model timely,so as to predict and solve financial problems in the industry as a whole to ensure a sustained,rapid and healthy development.On the basis of a lot of reading and research on domestic and foreign enterprise's financial distress early warning systems theory and related research results,this paper firstly clears the definition of a financial distress,carefully analyzes reasons for the financial distress arising,introduces an early warning of financial distress and the basic contents,lists and compares the merits and demerits of different models of early warning. Nextly under the current circumstances of information technology category listed companies,to 42 companies' financial statements of Shanghai and Shenzhen stock market listed company in the relevant data for the study sample,we choose 21 characteristics of effective application of variable indicators for the industry,identify variables ultimately, use mathematical regression model for empirical studies samples and test the ability to predicting accuracy of model by the use of the training samples.The results show that the model established by the methods of information technology category of listed companies has some applicability.Through theoretical and empirical analysis of this article for information technology companies listed on early warning of the financial,this paper makes some suggestions.Finally,to summarize this article and make a number of prospects on the early warning study off inancial distress about China's information and technology listed companies.