Title :
The prediction and precaution of financial risk in China: Evidence from the data during 1997–2007
Author :
Qianru, Mao ; Qiujing, Wu ; Fuzhong, Chen
Author_Institution :
Sch. of Econ. & Manage., Nanjing Univ. of Aeronaut. & Astronaut., Nanjing, China
Abstract :
Financial crisis in 2008 has uncovered the failure of financial risk management, while calculating and fighting back financial risks has been a widespread concern. This paper picks up financial data from 1997 to 2006 as sample data for empirical analysis, uses the methods of factor analysis and extracts three factors representing the risk of economic and financial environment, the risk of foreign investment, and the risk of people´s actual living standard. It also builds the model based on the contribution rate, and calculates financial risk value and changing trends from 1997 to 2007 so as to put out some related suggestions and comments to prevent financial risks.
Keywords :
economic forecasting; financial management; grey systems; investment; risk management; economic environment; factor analysis; financial crisis; financial environment; financial risk management; financial risk precaution; financial risk prediction; financial risk value; foreign investment; grey system; Economic forecasting; Environmental economics; Finance; Intelligent systems; Portfolios; Predictive models; Reactive power; Risk analysis; Risk management; Stock markets;
Conference_Titel :
Grey Systems and Intelligent Services, 2009. GSIS 2009. IEEE International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-4914-9
Electronic_ISBN :
978-1-4244-4916-3
DOI :
10.1109/GSIS.2009.5408228
