The Logit Model Based on Owners' Equity Statement in the Use of the Financial Risk Pre-warning
- 1 Department of Applied Economics, Business School of Zhejiang University City College, Hangzhou, China
- 2 Department of Applied Economics, Business School of Zhejiang University City College, Hangzhou, China
- 3 Department of Applied Economics, Business School of Zhejiang University City College, Hangzhou, China
Abstract
Under the premise that the global economic environment is in the turbulence, companies need to strive to make their own in this environment and seek further development, which makes researches on the financial pre-warning particularly important.This article stand in the point of perspective of changes in equity, through the significant difference between the U test build pre-warning indicators, the use of Logit models with owner changes in equity provided by the establishment of early warning financial indicators model, an empirical study of listed companies. The empirical results show that the Logit model based on owners' equity statement in the use of the financial risk pre-warning can accurately predict the financial distress of listed companies.
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