The Financial Early Warning Research On The Construction Building Of China’s Listed Companies

Over recent years, due to American subprime crisis and some unfavorable factors, bankruptcy caused by company’s financial crisis can be found everywhere. The economic downturn is regarded as a factor leading to company’s bankruptcy. But if the financial problem can be found by the company so that company’s managers can take timely measures to deal with the crisis after being informed with the problem, the company will not go bankrupt. Hence, it is very important to establish a financial early-warning system for a company, especially for a listed company. But for the listed companies in China’s building industry, there is no suitable financial early-warning system. Therefore, it is quite necessary to establish a system exclusive for companies in building industry. In the establishment process, the author, taking reference from others’ research results, makes reasonable amendments on the Z3design so as to make it suitable for the listed companies in China’s building industry. The amended Z3model is appropriate for the listed building companies.