Study On The Model Of Financial Early-Warning To Coal Mine Listed Companies

In global economization's today, in our country,every industry faces the unprecedented vitality and the challenge, and as the energy main item, the coal mine industry,passing through the long special development, faces domestic market steep competition and foreign market impact dual pressures,to survive with develops, while maintains the branch industry stands erect not but actually and develops multiplex industry positively, takes the financial control more and more in the survival, the competition and the development function.In recent years,under the country industrial policy's stimulation, the coal mine listed companies carried on the massive expanding investment,in addition the historical debt, causes the long-term credit capacity not to be strong, the cash flow easy to have the problem,at the same time, the coal mine listes companies'external economy and the internal operation environment day by day is also complex,the coal mine industry becomes the high risk the industry, this even more highlights the financial control work the importance, especially appeared has needed the situation to be listed finance early warning work. Because our country's coal industry has its special characteristic and the financial characteristic,but the traditional financial early warning studies much take the manufacturing industry to be listed as a background,so,it is unable to satisfy the the particular request,this article will conduct the pointed financial early warning research, the hope is the research can obtain proper early warning conclusion.This article bases on domestic and foreign financial early warning theory summafy,unifying our country's coal mine listed companies present situation as well as the present situation analysis,embarking from the financial crisis concept, using SPSS17.0,carrying on the factorial analysis to the selection 30 sample companies' data,early warning indicators into solvency indicators, profitability indicators, asset management capability index, growth capacity indicators and the level of cash flow targets,meanwhile these target classification is five grand duke factors,obtains finance early warning factor score model of our country's coal mine listed companies,then through the cluster analysis, divides into 30 sample companies six kinds,carrying on the place and the explanation to its factor score,finally aiming at our country's coal mine listed companies factor score place situation to put forward some policy proposal.The first chapter is the introduction,mainly introduces the research background and the significance, the research mentality and the method, the research innovation and the insufficiency.The second chapter is the correlation theories and the literature summarizes, this chapter embarks from the financial crisis concept,classified and summarized the domestic and foreign each financial early warning theory and the model, has provided the rationale for the fourth chapter of empirical study.The third chapter introduces the coal mine listed companies'development present situation,has simultaneously analyzed this present situation origin.The fourth chapter unifies characteristic of our country's coal mine listed companies, the construction finance early warning factor score model, and carries on the explanation and the examination through the cluster analysis.The fifth chapter the basis factorial analysis's empirical analysis result, to guards against the coal To be listed finance crisis to propose that some policies suggested that, And proposes the research forecast to the coal To be listed's financial early warning question.