Acceso abierto

Research on Financial Risk Early Warning of Listed Companies Based on Stochastic Effect Mode


Cite

Estimation results of random effect model.

Estimate Std. Error Z value Pr(>|z|)
(Intercept) −2.714 0.754 −3.60 0.0003 ***
Factor l 5.643 1.386 4.07 0.0000 ***
Factor 2 −2.289 0.883 −2.59 0.0095 **
Factor 3 −1.383 0.752 −1.84 0.0661 .
Factor 4 0.491 0.465 1.06 0.2908
Factor 5 1.350 0.521 2.59 0.0096 **

Prediction results of generalized estimation equation.

Actual value Predicted value Accuracy rate

ST Non ST
ST 46 4 92%
Non ST 1 49 98%

Prediction results of random effect model.

Actual value Predicted value Accuracy rate

ST Non ST
ST 47 3 94%
Non ST 1 49 98%

Financial evaluation factors of listed companies.

Financial evaluation factors of listed companies
Net cash flow from operating activities
Retained profits
Provision for information loss
Depreciation and amortization
Deferred income tax expense (revenue)
Investment loss (gain)
Investment/asset impairment charges
Amortization of debt and issuance costs
Gain (loss) from business disposal
Stock-based compensation
Accounts receivable
Loans
Inventory
Prepaid expenses
Payables
Income tax payable
Accrued liabilities
Other working capital
Other non-cash items
Other assets and liabilities
Other business activities
Net cash flow from investment activities
Fixed-asset investment
Purchase
Acquisition and disposal
Property and equipment
Purchase of investment assets
Debt/sales investment
Purchase of intangible assets
Other investment activities
Net cash flow from financing activities
Cash flow from financing activities
Long term bond issue
Long term bond repayment
Bond issue
Bond redemption
Common Stock issue
Common stock repurchase
Stock repurchase
Change in short-term borrowing
Dividend payments
Other financial activities
The impact of exchange rate movements
Change in net cash
Operating cash flow
Capital expenditure
Free cash flow
Initial cash flow
Ending cash flow

Estimation results of generalized estimation equation.

Estimate Std. Error Wald Pr(>|W|)
(Intercept) −1.4170 0.2233 40.277 0.0000 ***
Factor l 3.0746 0.6937 19.641 0.0000 ***
Factor 2 −0.9254 0.3002 9.500 0.0021 **
Factor 3 −0.3116 0.2683 1.349 0.2455
Factor 4 0.3442 0.1998 2.966 0.0851 .
Factor 5 0.5249 0.2064 6.469 0.0110 *
eISSN:
2444-8656
Idioma:
Inglés
Calendario de la edición:
Volume Open
Temas de la revista:
Life Sciences, other, Mathematics, Applied Mathematics, General Mathematics, Physics