Early Warning System Of Financial Crisis

Every financial crisis, will cause many companies fall into financial crisis, and even some large enterprises and consortia collapse overnight. And any financial crisis has revealed a progressive, deteriorating course, and eventually through the data and financial indicators reflected in non-financial information variables. Financial crisis warning system, that is, from a financial point of view of enterprise financial distress, It is through the business enterprise's financial statements and related data analysis, the use of timely financial data and non-financial information variables, predicting a crisis situation faced by enterprises, and analyzes the causes of financial crisis, found that corporate financial problems hidden operating system to Early preventive measures and corresponding measures for crisis management financial analysis system.In this paper, on the basis of financial data by adding ownership structure, board of directors and audit opinion type of information three non-financial information variables, using efficiency coefficient method for financial distress prediction research, the Financial Early Warning System company vision. First, in the context of the financial crisis made the financial distress of the theoretical and practical significance, and introduced the current domestic and foreign scholars on the status of the financial early-warning model; Secondly, the financial crisis, described the concept of the theoretical basis and the financial crisis, financial crisis of the financial risk and a comparative analysis of two concepts; Third, the existence of the current financial early warning system on the theory and practice are analyzed, and make recommendations accordingly;Fourth, there is a question for the proposed construction of the financial early warning system envisaged in the design of indicators to join ownership structure, board of directors and audit opinion type of information three non-financial information variables, Through the appliance industry in the Hisense Electric (600060), and* ST Xiahua Overseas Chinese Electronic (600057) for the case of data, efficacy coefficient method with early warning of financial crises; Finally, the paper made a conclusion and pointed out that innovation and research papers limitations.