Small And Medium-sized Listed Companies Of Guangdong Financial Risk Pre-warning Research

Small and medium-sized enterprises in Chinese national economic and social development play an important role and it is the most active factor in economic life. Although SMEs of Guangdong made enduring contribution for the economic development, because of SMEs are small, ability of market risk relatively weak, and the management risk prediction and prevention of consciousness are weak, after that in this financial crisis, many small and medium-sized enterprise suffered serious financial losses. In fact, the financial crisis is just these SMEs failed "fuse", lead to SMEs collapse fundamental reason for they lack of early detection sign of financial risk and take corresponding measures to conduct risk aversion and guard against.Financial risk as a kind of economic risk phenomenon, whether in theory or in practice have been extensive attention. As every operator and enterprise of the market economy, it is difficult to avoid and ignore financial risks. But the crisis there is a gradually appear, deterioration of the process, so there are some signs of sex and predictability. As long as through certain method, to prevent the early warning of the enterprise financial risks, unprepared, can avoid or reduce the maximum crisis of damage, This has a significant practical significance to promote the healthy development of the enterprise.This paper through from domestic and foreign financial risk pre-warning research methods and identify small and medium listed companies which face financial risk in Guangdong. On this basis, firstly select57SMEs in Guangdong as study samples and test samples from Shenzhen stock exchange at the end of2010. And then based on the relevant financial data of sample enterprises, choose16financial indicators consist of financial warning index system for descriptive statistical analysis and empirical analysis. By the principal component analysis method, with the aid of statistical software SPSS17.0. according to one of37listed companies sample data set up with principal component to explain the variables of financial risk early warning model, and find out the warning value of financial risk. In addition, still with the other20listed companies financial data to inspect the warning model and warning value.Finally, According to the analysis of causes of above result, put forward the corresponding measures.