Title :
A Forcasting Model of Financial Crisis for Enterprises: Based on the Empirical Research of Listed Petrochemical Enterprises
Author :
Xiaolong, Liu ; Zhi, Li
Author_Institution :
Glorious Sun Sch. of Bus. & Manage., Donghua Univ., Shanghai, China
Abstract :
The subjects of the study are listed petrochemical companies in China. We regard ST as a symbol of financial crisis for an enterprise. T-test and relevant linear test are applied to determine the model variables and Logistic regression to build the forecasting model of financial crisis, then the data of ST enterprise samples and non-ST enterprise samples are used for analysis. With the forecasting model of financial crisis, the great influence that the return is on net assets, the main business income growth and indicators of current assets turnover have on the financial situation of listed petrochemical companies can be found.
Keywords :
financial management; forecasting theory; petroleum industry; regression analysis; T-test; business income growth; current assets turnover; financial crisis; forecasting model; listed petrochemical companies; logistic regression; net asset; petrochemical enterprise; relevant linear test; Accuracy; Companies; Data models; Forecasting; Logistics; Petrochemicals; Predictive models; Logistic regression; financial crisis; listed petrochemical companies;
Conference_Titel :
Business Computing and Global Informatization (BCGIN), 2012 Second International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4673-4469-2
DOI :
10.1109/BCGIN.2012.8
