本文選題：財務(wù)危機　切入點：階段性　出處：《財會月刊》2014年18期

【摘要】：財務(wù)危機的形成具有階段性特征,有必要根據(jù)所選取指標(biāo)表現(xiàn)出的差異性來判斷不同的財務(wù)危機階段,從而對財務(wù)危機進(jìn)行階段性預(yù)警。本文選取了我國2010~2012年首次因財務(wù)狀況異常而被*ST的43家制造業(yè)上市公司作為財務(wù)危機組樣本,按照1∶1原則以同期43家非ST公司作為配對組樣本,運用財務(wù)和非財務(wù)指標(biāo)進(jìn)行階段性分析。研究發(fā)現(xiàn):在財務(wù)危機爆發(fā)前五年,兩組公司顯著性差異指標(biāo)在各年是不一樣的,隨著時間的推移,顯著性差異指標(biāo)個數(shù)呈現(xiàn)出一個逐漸增多的趨勢;同一預(yù)警變量在不同階段模型中的系數(shù)也表現(xiàn)出很大差異。
[Abstract]:The formation of financial crisis has the characteristics of stages, it is necessary to judge different stages of financial crisis according to the difference of the selected indicators. In this paper, 43 listed manufacturing companies whose financial situation is abnormal from 2010 to 2012 are selected as the sample of financial crisis group. According to 1:1 principle, 43 non-St companies in the same period were used as matched group samples, and financial and non-financial indexes were used to analyze the stage. The study found that the significant difference indexes of the two groups were different in each year five years before the outbreak of financial crisis. With the passage of time, the number of significant difference indexes shows a trend of increasing gradually, and the coefficients of the same early warning variable in different stages of the model also show great differences.
【作者單位】： 紹興文理學(xué)院經(jīng)濟與管理學(xué)院;寧波大學(xué)商學(xué)院;
【基金】：浙江省自然科學(xué)基金項目(項目編號:LQ13G020007)的研究成果之一
【分類號】：F406.72;F224
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本文編號：1685671