| The financial crisis goes hand in hand with the global economic integration. As the global economy systematization, the market competition is more and more intense. Once the company's economic system is not very sound, the company's financial crisis is coming. So it can prevent the formation of the financial crisis by having a deeper understanding of the financial crisis and making the corresponding precautionary measures as quickly as possible.This paper established the financial early warning of financial crisis model and analyzed the effect of the indices' weight by analyzing the domestic and foreign research status of financial crisis early warning model and the reasons of the financial crisis, combining and discretizing the indices of the financial and the corporate governance to panel data, and deleting the irrelevant indices. The decision threshold value of V and the values of D in predicting by learning must be determined in selecting the indices, so the model is reliability and robustness.In combination with the fact of the listed company in China, this article selected the ST and non-ST companies from the listed companies at 2010 as the training sample and testing sample. We analyzed 43 indices at first and selected 15 indices as the model's variables according to the decision threshold values of V. The forecast accuracies of the companies were very high whether in the training or testing sample. It reached a conclusion that the weight had no effect on the model by giving the weight to the in dex's hamming distance from the model. Through the analysis of the model's prediction accuracy whether it contained the corporate governance indices or not, it concluded that the corporate governance had important influence on the formation of the financia l crisis. This article concludes that: 1) the indices of the corporate governance has certain influence on predicting the financial crisis; 2) the weight has no effect on the model; 3) the model has the good robustness. |
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