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随着全球经济的快速发展,现代企业因财务危机而导致经营破产的例子不胜枚举:巨人集团盲目追求规模经济,成本上升,外部资金支持不足,导致企业衰败;实达从16个亿的神话到ST;坎波公司斥资66亿美元收购美国三家大百货公司,由于大量银行贷款及利率15%以上的垃圾债券,最终无法支付巨额利息宣告破产,等等。因此,建立有效的财务预警系统来对上市公司面临的财务风险进行预控,准确地预测上市公司未来的财务状况,对企业高速、健康发展具有非常重大的实际应用意义。
With the rapid development of the global economy, there are numerous examples of bankruptcy caused by financial crisis in modern companies: Giant Group blindly pursues economies of scale, rising costs, lack of external financial support, leading to the decline of enterprises; Shida’s myth from 16 billion To ST; Campo spent US$6.6 billion to acquire three major U.S. department stores. Due to a large number of bank loans and junk bonds with interest rates above 15%, they were unable to pay huge amounts of interest to declare bankruptcy. Therefore, establishing an effective financial early warning system to pre-control the financial risks faced by listed companies and accurately forecast the future financial status of listed companies will have very important practical significance for the rapid and healthy development of the company.