Research On Prediction Model Of The Listed Companies Financial Risk Based On Corporate Governance

The prevention of systemic financial risk has been the key content of the financial field in China,and the purpose of the establishment of our financial institutions is to serve the domestic enterprises.Therefore,the financial risk of the enterprises is closely related to the occurrence of the systemic financial risk in our country,and the prediction and control are real.The financial risk of enterprises plays a very important role in preventing systemic financial risks.In this context,how to conduct a comprehensive early warning of financial risks of entities is a realistic problem to be solved.Previous studies on financial risk forecast mainly focused on financial indicators,but the prediction effect is not very satisfactory,and the relationship between corporate governance and corporate financial risk has provided us with new ideas.Based on the literature of financial risk forecast,corporate governance and financial risk and other related documents,we build financial risk early-warning model using the SPSS statistical software,applying the data of the 59 ST listed companies and matched companies as the research object in 2017 on the basis of the traditional financial index,add the index of corporate governance.By comparing the prediction accuracy based on pure financial indicators and models based on corporate governance indicators,we study the impact and role of corporate governance indicators on financial risk early warning models.The forecast effect of the forecast financial risk model based on corporate governance is 10% higher than the model based on pure financial indicators,that is to say,corporate governance factors have a significant impact on the financial crisis,which support with the theoretical analysis each other.At the same time,by increasing the factors of corporate governance,the new financial crisis early warning model can really improve the prediction ability of the company's financial crisis early warning model,which is of great practical significance for the financial crisis early warning of corporate financial crisis.To sum up,we know that the financial crisis early warning model based on corporate governance indicators has good prediction ability,and financial crisis early warning model can achieve good early warning effect of financial risk.