The Construction Of Financial Early-warning Model Of Virtual Enterprises

With the further deepening of economic globalization and the evolution of the enterprise management mode, this new operation mode of virtual enterprise is accepted by more and more enterprise. However, with the application of this model in various industries, it gradually exposed some problems, because of lacking for effective forecast of the financial risk, it leads virtual enterprise to financial crisis frequently. The current study of virtual enterprise, still stay in theoretical, such as the definition, nature, company structured, ally selection and profit distribution, etc., and less on theory application. By studying the construction of the financial early warning model of virtual enterprise and applied it to the textile and garment industry, on the one hand it will perfect the content of virtual enterprise research, enrich the application range of the financial early warning model, on the other hand, the applying of the model will help to the leader and members of the company understand the financial position of the virtual enterprise, and make scientific decisions in a timely manner.In the initial stage, though classifying the collected literature analysis, we find the study of virtual enterprise concentrated in the forming stage of the research on virtual enterprise, and less research for its operation phase, especially in the area of financial early warning to use. In the study, this paper adopts comparative method, then constructs the financial early warning model of virtual enterprise and uses it in textile and garment industry. Comparison of object has the following two points:by comparing the differences of virtual enterprises and traditional enterprises, especially in the financial and accounting differences, will help us understand the financial characteristics of virtual enterprise, and find six types of virtual enterprise financial indexes, that will prepare the way for the construction of financial early warning model; Comparing the advantages and disadvantages of various models will be conducive to match the model to the virtual enterprise, and we find the multivariate linear model is more suitable. Through the above, we get the right index and model, and finally build the financial early warning model for virtual enterprise. Then, through the collection of specific data of37textile clothing virtual enterprises, standardized processing, collinearity diagnosis and so on, we finally return to be suitable model for textile and apparel industry and explain the virtual enterprise model.Finally, in the conclusions of the research, we expound the process of the construction of the model and the effectiveness of model in practical application. Also we illustrate the insufficient in the sample selection, and the direction of the future research.