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随着经济全球化的到来,金融市场内的波动相关性不断加剧,信用风险越来越成为企业经营状况的重要影响因素。我国制造业当下面临着前所未有的危机,大量的制造业上市公司纷纷破产,其中最主要的因素就是信用危机。所以对制造业上市公司来说,信用风险评估至关重要。本文以我国2005年之前上市的制造业上市公司为样本,以是否ST作用信用状况的评价指标,应用主成分分析和logit模型对我国制造业上市公司的信用风险进行分析。
With the advent of economic globalization, the volatility of the financial markets has become more and more relevant, and credit risk has become an increasingly important factor in the management of enterprises. At present, China’s manufacturing industry is facing an unprecedented crisis. A large number of manufacturing listed companies have gone bankrupt. The most important factor is the credit crisis. So for manufacturing listed companies, credit risk assessment is crucial. This paper takes manufacturing listed companies listed in China before 2005 as a sample, and uses the principal component analysis and logit model to analyze the credit risk of listed manufacturing companies in China based on the evaluation index of ST credit.