山东工商学院学报
山東工商學院學報
산동공상학원학보
Journal of Shandong Institute of Business and Technology
2008年
2期
58~61
,共null页
上市公司 财务危机 阶段性 财务指标
上市公司 財務危機 階段性 財務指標
상시공사 재무위궤 계단성 재무지표
listed companies ; financial crisis ; phase ; financial ratios
以2000-2002年的制造业上市公司为样本,选取了处于财务危机中的财务状况正常的公司各54家,采用多元线性回归对公司特别处理前5年的数据分别进行回归。发现不同年份回归模型不完全一致。说明我国上市公司财务危机存在不同的阶段,并有各自不同的表现特征。结果还显示,我国上市公司的财务报表具有预测信息含量。
以2000-2002年的製造業上市公司為樣本,選取瞭處于財務危機中的財務狀況正常的公司各54傢,採用多元線性迴歸對公司特彆處理前5年的數據分彆進行迴歸。髮現不同年份迴歸模型不完全一緻。說明我國上市公司財務危機存在不同的階段,併有各自不同的錶現特徵。結果還顯示,我國上市公司的財務報錶具有預測信息含量。
이2000-2002년적제조업상시공사위양본,선취료처우재무위궤중적재무상황정상적공사각54가,채용다원선성회귀대공사특별처리전5년적수거분별진행회귀。발현불동년빈회귀모형불완전일치。설명아국상시공사재무위궤존재불동적계단,병유각자불동적표현특정。결과환현시,아국상시공사적재무보표구유예측신식함량。
We choose the manufacturing listed companies for samples from the year of 2000 to 2002, including 54 companies which were in financial crisis and 54 companies which were in normal position. We use multivariate linear regression method to analyze. We need at least 5 years data before the company being special treatment, and we derive 5 models for each year respectively. We find that different year' s regression model is not entirely consistent on our listed companies. The model of the previous five years, the assets profit margins are significant. In the model of the previous three years and four years, equity / total assets also have begun outstanding. In the model of previous two years and one year, the main business indicators have started significant. So the financial crisis has different phase and different performance characteristics. At the same time, the results of this data also show that financial statements of listed companies in China have the forecast information content, and this kind of information content will be smaller as the years are farther away when it is specially treated.