Listed Companies In Shaanxi Province Empirical Research On Financial Risk Early Warning

In the fierce market competition, enterprise production and management in check by the threat from different areas, so businesses are likely to face any situation into a financial crisis; in 2008 the global financial crisis, making more and more enterprises have begun to pay attention security of their financial risk.Shaanxi Province since the first companies on the market, the stock market has been in a more rearward position, in recent years the number of listed companies in Shaanxi Province is a negative growth state, and even a record year, a record of delisting, and therefore the financial listed companies Risk is necessary. Listed companies on the financial risk in their financial situation correctly predicted to make a reasonable decision-making and appropriate preventive measures, a common concern of enterprises.Based on this background, the listed companies in Shaanxi Province Financial Risk Prediction Research. First of all domestic and foreign financial risk early warning models in the field of classical literature was reviewed, in the previous academic study, based on public enterprises in Shaanxi Province early warning of financial risks; Through 2007 and 2008 in Shaanxi Province released the annual report of listed companies and financial data of listed companies in understanding the overall financial situation and specific performance; Second, the Altman Z-value model based on the impact of quantitative analysis of enterprise financial risk to establish the main independent variable indicators:operating assets/total assets, retained earnings/total assets, EBIT/total assets, equity market value/book value of total liabilities, total assets growth rate, according to multiple logistic regression model to establish an early warning of financial risks; Application building a new model listed companies in Shaanxi Province's financial security specific situation analysis, financial risk of the evaluation results obtained, and on the 2007 and 2008, the financial situation of Fashengbianhua of listed companies in the financial analysis of the concrete; Finally, the status of Shaanxi Province, Shaanxi Province, proposed listing on the Financial Risk Control and Prevention's recommendations.