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Based On The Ownership Structure Of Listed Companies Inchina Manufacturing Financial Early Warning

Posted on:2011-12-22Degree:MasterType:Thesis
Country:ChinaCandidate:W N HuFull Text:PDF
GTID:2189360305984874Subject:Business management
Abstract/Summary:PDF Full Text Request
In the modern market economy,fierce competition is among enterprises.Financial difficulty is one of the problems that the enterprises had to face.First,the study defined the relevant terms;presented historical documents and theories that related to the financial warning,ownership structure;described the factors affecting the financial early-warning model;link the ownership structure and financial early warning through the concept of corporate performance.In this paper,it choiced financial indicators with the factor analysis method,and the ownership structure indicators are used Wilcoxon signed rank test and paired samples T test method. The research shows that the capability that different indicators of ownership structure affect the model of the financial early warning is not the same. In this chosen ownership structure indicators, CR5,the proportion of state-owned shares, legal person shares can increase the prediction ability of the financial early-warning model. The difference between this papaer and previous study is that in the financial early warning morden,the ownership structure indicator is added.This study tested that the ownership structure indicator could improve the prediction of financial ability.But as the object of this paper is the manufacturing industry,if you want to learn about other industry factors that affect the financial forecast should make specific analysis...
Keywords/Search Tags:ownership structure, corporate performance, financial distress, multiple logistic regression
PDF Full Text Request
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