The Financial Risk Early Warning Index System Research

With the continuous development of our country’s economy, the enterprise isfaced with new development opportunities and new challenges and threats brought bythe market mechanism. If they are not timely to take positive and effective measures tocope with these new challenges and threats, the company will face greater financialrisk. Real estate enterprises, in particular, as the pillar industry of national economy,has many related industries. So in view of the real estate enterprise financial risk earlywarning system research not only has important theoretical significance, but also hasstrong practical value.Financial risk early warning index system research is the key to build thefinancial early warning system, this paper mainly studies the financial risk earlywarning index system of building. Related theory and the analysis of the financial riskearly warning of financial indicators and non-financial indicators, on the basis ofqualitative analysis, significant differences and factor analysis was carried out on theindicators and constructing Logistic model. Because of the financial risk of enterprisehappening reason is various, only use financial indicators or single non-financialindicators is difficult to cover all the information, and then affect the predictionaccuracy of the financial early warning system. So this article besides choosing thecomprehensive financial indicators, when using non-financial indicators also covers,such as the nature of equity, the two power separation degree, the audit opinion, stocksand return on investment, the board size, fixed number of year of the listednon-financial indicators, in order to improve the prediction accuracy of the financialrisk early warning model.Based on the real estate listed companies as research samples, by building on thebasis of the financial indicators of the financial early warning model and to introducethe non-financial indicators based on index system of comprehensive integrated earlywarning model, through empirical test, the financial index has significant effect to thereal estate listed company financial warning, and comprehensive early warning modelof early warning accuracy is higher than the accuracy of the financial early warningmodel.