基于财务与非财务要素的上市公司财务困境预警实证研究  

Empirical Study on Financial Distress Early Warning of Listed Companies Based on the Financial and Non-Financial Factors

作　　者：田宝新[1,2] 王建琼[1] 

机构地区：[1]西南交通大学经济管理学院 [2]国务院国有资产监督管理委员会

出　　处：《金融评论》2017年第5期103-115,共13页Chinese Review of Financial Studies

基　　金：国家社科基金资助(项目编号:16BGL004)

摘　　要：本文以沪深A股上市公司作为研究对象,将公司因财务状况异常而被特别处理(ST)作为上市公司陷入财务困境的标志,在国内外现有财务困境研究的基础上,从治理层和管理层两方面,系统地构建了涵盖财务指标和非财务指标的财务困境预警体系,以期提升预警模型的适用性。In this paper,we take the Shanghai and Shenzhen A shares of listed companies as the research object,and make the special treatment( ST) as a sign of Listed Companies which in financial distress because of the abnormal financial condition,and make a construction of the early-warning system of financial distress which covers financial and non-financial indicators from the two aspects of governance and management,while enhancing the applicability of the early warning model which has important practical significance.

关 键 词：财务与非财务要素 财务困境 预警模型 

分 类 号：F275[经济管理—企业管理]