Investor's Perspective On The Construction Of The Financial Early Warning System Of Listed Companies

In recent years,with the development of economy,stocks have been widely favored by investors in the securities market because of its advantages of convenient trading,strong liquidity and considerable returns.However,many investors lack reliable means to effectively predict the risks of investment enterprises.In this context,how to help investors monitor and analyze the operation status of the invested enterprises at any time through technical means,warn the financial crisis,help investors adjust investment decisions in time,and reduce possible investment losses has become a concern of many investors and scholars.Based on the summary of previous studies in the field of financial early warning,we can find that although the existing studies have achieved rich results in the definition of financial crisis and the selection of early warning models,there are some deficiencies in the presentation of financial early warning results and the evaluation results are more general,which makes the evaluation results less practical and often stay at the level of theoretical research.Therefore,this paper will focus on building a more practical,more comprehensive and reliable financial early warning system.In this paper,through literature analysis,quantitative analysis and analytic hierarchy process,the core content is mainly composed of the following five parts: the first part is to understand the existing research results through the collation and induction of the literature,to determine the direction and expected objectives of financial early warning system construction;the second part is to select appropriate indicators to build the theoretical framework of early warning system,which is selected.The index includes five competence indicators and 17 specific financial indicators of the competence level.The third part is to determine the weight of each index by analytic hierarchy process combined with literature collation and existing theoretical research,and to determine the intervals of each index by collating and analyzing the financial data of real estate enterprises in 2010-2017,so as to complete the final construction of the system.It is to apply the completed system to the empirical analysis of financial early-warning of real estate listed companies from the perspective of investors,to verify the feasibility of the financial early-warning index system and whether it meets expectations;the fifth part is to summarize and summarize the whole research on the basis of the previous article.