本文借鉴国内外研究成果,运用Z评分模型并综合考虑行业、规模因素,选取对应非风险组,运用Logistic回归构建了我国创业板上市公司财务风险预警量化模型,以期有助于投资者、债权人对创业板上市公司财务状况进行预测及投资安全性判断,优化创业板公司财务风险防范,推动创业板市场健康有效运行。
Based on the domestic and foreign research results, adopting Z-score model, considering the factors such as industry and scale, selecting corresponding non Crisis Group, using Logistic regression, the paper constructs a model on the financial risk early waming of listed companies on GEM Board in China, expecting to be helpful for investors and creditors to make a forecast for financial situation of listed companies on GEM Board and a judgment on investment safety, optimize the risk prevention and push the healthy and efficient operation of GEM.