基于Z模型中小企业上市公司财务风险预警模型的研究.docx

经典专科、本科、硕博、研究生、期刊毕业论文 仅供参考 精心整理 仅供参考 勿用作商业用途 基于Z模型中小企业上市公司财务风险预警模型的研究 摘要 当前，随着越来越多的上市公司宣布破产重组，我国的上市公司市场呈现出较不稳定的状况。在此背景下，中小板市场由于其天生的劣势，财务的不稳定性，更是值得我们关注的焦点。中小板上市公司如何在市场中做好财务危机的预警，保障自己的财务安全，成为了其吸引投资者投资的重要因素。本文的研究目的在于，通过建立一个合理的财务预警模型，帮助中小板上市公司清楚的判断自身面临的财务状况，从而更好地方便管理层做出决策。 文章在系统阐述的Z计分模型的基础上 ,有针对性地选取沪、深两地证券市场中小板共30 家企业作为样本 ,对上市公司财务风险进行了实证分析。最后结合实证结果以及分析计算，提出更为适应我国中小板上市公司的新Z计分模型。研究表明，新Z模型更适应我国中小板市场的背景下上市公司的财务预警。 关键词：中小板 财务风险预警模型 Z计分模型 Abstract At present, as more and more listed companies declare bankruptcy and reorganization, the market of listed companies in China presents a relatively unstable situation. In this context, due to its inherent disadvantage and financial instability, the small and medium-sized board market deserves our attention. How small and medium-sized listed companies can make early warning of financial crisis in the market and protect their own financial security has become an important factor in attracting investors. The purpose of this paper is to help the listed company of the SME Board to clearly judge its own financial situation by establishing a reasonable financial early warning model, so as to better facilitate the management to make decisions. Based on the Z-score model described systematically, the article targeted 30 small and medium enterprises in the Shanghai and Shenzhen stock markets as samples to empirically analyze the financial risks of listed companies. Finally, combined with the empirical results and the analysis and calculation, a new Z score model that is more suitable for Chinas small and medium-sized listed companies was proposed. Research shows that the new Z model is more suitable for the financial early warning of listed companies in the context of Chinas small and medium-sized board market. Keywords: Small and Medium Board, Financial Risk Early Warning Model, Z Score Model 目录 摘要………………………………………………………………………………………………i Abstract…………………………………………………………………………………………ii 一、序言…………………………………………………………………………………………1 （一）绪论……………………………………