The Financial Crisis Warning Of The Textile Enterprises Listed Company

With the rapid development of economic globalization, the international market demand decline, accelerate the pace of transformation and upgrading of industr y, listing Corporation, our textile enterprises survival and development are facing a severe test, the objective environment is complex, in which enterprises affected, facing all kinds of certainty and uncertainty of the crisis, the crisis the financial cr isis, there is non- the financial crisis, but in the final analysis are shown by the financial crisis, that is to say the financial crisis is the most direct expression of all sorts of enterprise crisis. Therefore, how to control and prevent the enterprise financial crisis has become a problem in front of management. Through the financial crisis early warning model to quantify, can predict the textile enterprise listing Corporation effective financial crisis, better play the financial lever effect, the enhancement enterprise’s profit ability, has the important practical significance of monitoring, prevention and control at the same time, do a good job in the financial crisis to the enterprise managers.cholars are still in the exploration of the financial crisis early warning method better, on the one hand enrich the theory of development,on the other hand, promote the application in practice. Scholars and entrepreneurs still in unremitting efforts to promote the development of the financial crisis early warning theory and practice. The first part of this article. Describes the background, research significance, research status at home and abroad about the financial crisis early warning are summarized and elaborated on the basis of research methods, put forward the main research content and ideas and technical route. The second part of the definition of the concept and the related theory. The definition of financial crisis and financial crisis early warning meaning in this paper, on the financial crisis early warning theory and elaborated the function. The third part analyzes the status quo of textile enterprise financial crisis early warning of China and existing problems, the choice of path analysis of financial crisis early warning of textile industry listing Corporation. The fourth part, the selection of research samples, establish the financial crisis warning indicator system of textile industry listing Corporation, with 39 Chinese textile industry in three years of financial data from 2011 to 2013 as the research sample of listing Corporation. The fifth part, the construction of financial crisis early warning model based on the entropy of the empirical analysis, and compared with the Logistic regression model, the sixth part is the conclusion of this study, conclusions and suggestions, looking forward to the future development trend.The research results show that the construction of the early warning model of financial crisis on C hina’s textile enterprises in the financial crisis early-warning listing Corp oration accuracy, prediction of textile enterprises listing Corporation can better financial condition; among them, the main business profit rate, accounts receivable turnover ratio and net asset growth rate of the three indicators of the weight of the largest, significantly effect of textile enterprises with financial crisis degree, illustrates the importance of the three indicators, so enterprises should strengthen the management and supervision in three aspects of management ability and the ability to grow profitability, and to reduce the probability of financial crisis occurred.