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公司的财务风险存在于生产经营活动及财务活动的每一个环节。本文主要以我国沪深两市A股的工业类上市公司的财务数据和生存时间数据作为样本,将被特别处理(ST)的上市公司界定为其发生财务风险,运用生存分析方法—Cox模型来进行实证分析,得出工业类上市公司的生存时间变化规律和影响财务风险的主要因素。本文创新之处在于能够系统地探索生存分析作为一种新兴的财务风险分析方法的实践性和可行性,并通过此方法对我国工业类上市公司的财务风险状况进行全面地分析。
The company’s financial risk exists in every aspect of production and business activities and financial activities. This article mainly takes the financial data and the survival time data of industrial listed companies in A-shares of Shanghai and Shenzhen stock exchanges as samples, and defines the listed company which has been specially treated as its financial risk. By using the survival analysis method-Cox model Conduct empirical analysis, come to the industrial listed companies in the law of change and the main factors affecting the financial risk. The innovation of this paper is that it can systematically explore the feasibility and practicability of Survival Analysis as a new method of financial risk analysis. Through this method, we can make a comprehensive analysis of the financial risk of industrial listed companies in China.