Z3 Model Of Financial Risk Early Warning Of Listed Companies In Our Country The Applicability Study

Now China's rapid economic development,the growth of all walks of life to be reckoned with,so,in such economic era,enterprises should be how to measure their good financial risk,and how to effectively control the risk is particularly important.How can the listed company in an impregnable position in the heavy risk,in the fierce market competition seek survival and development space,the key is to strengthen the analysis and research of the risk,the management of the risks are very effective.Under this background,the research on the application of the financial early warning system for the company itself,to investors or creditors,the audit personnel,and the government,the deepening of the various stakeholders both in theory and practice guidance,undoubtedly is of great significance.Based on the financial early warning system of the traditional classical theory and the analysis of financial management,accounting,etc,on the basis of theoretical analysis,first refer to the financial early warning system research status at home and abroad,in-depth study of financial early warning system theory knowledge,analyze the causes of the formation of financial risk of listed companies in China and the present situation of early warning;Secondly based on the financial data of listed companies in our country,adopting quantitative analysis method,empirical test and analysis was carried out on the Z3 model,studies the applicability of the listed companies in China;Finally reached a conclusion that although the Z3 model cannot be applied directly to the listed company's financial risk early warning,but this model to determine the financial risk of the enterprises in our country still has a strong guiding significance,and if the proper adjustment of the Z3 model according to the situation in China and correction,must be able to make it a very effective financial early warning model research conclusion.