Financial Warning Of High Technology Enterprise

High and new technology enterprise in low carbon environmental protection and technical innovation as the development orientation of today's society is particularly important,its technical innovation ability laid the cornerstone of the enterprise to join hi-tech industry,however,the low level of business management,financial risk consciousness makes the high and new technology enterprise into a financial crisis.High and new technology enterprise that emerging industry,is influenced by its own industry characteristics,its financial risks will inevitably become the focus of the enterprise.On the other hand,the high-tech industry is the development direction of the future economy,only high-tech enterprise healthy and steady developing,can promote faster economic growth.Therefore,the study of the financial risk of the high and new technology enterprise is imminent,construct the high and new technology enterprise financial risk early warning model research has emerged.These high-tech enterprises in Shanghai and Shenzhen-listed were taken as Statistical population for financial early warning research.These enterprises were selected according to the ST companies published in 2014,with non-ST companies pairing selected.The financial indicators selected based on the management of financial statements were significance tested by Stata12.0.The financial early warning model was established with comprehensive factor analysis and Logistic regression.A powerful measurement tool for the high-tech enterprise to predict financial risk was provided by the model.(1)Building the financial early warning index system.According to the high and new technology enterprise's management characteristics which are high investment,high debt,high technology,and high quality,combining previous research,by doing the test of significance of early warning indicators as preliminary screening,16 early warning indicators was chosen from the selected 45 warning indicators to significantly distinguish between financial crisis and financial normal enterprises.(2)Establishing a financial risk early warning model.The indicator system composed of 16 early warning indicators is did factor analysis,by reducing dimension,the variables was reduced into the model,but does not damage the interpretation ability of the model itself.The financial risk early warning model was established for main factors as the independent variable and whether enterprise occur financial risk as the dependent variable,by doing back sentenced Inspection of the model to verify prediction ability of the model.(3)Analyzing and testing of the model.Selecting a typical of high and new technology enterprise,company HB to test the prediction effect of the early warning model,and provide advice for company HB to improve the financial situation,and reduce financial risk.