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Early Warning System for Finance

Diversity of Managerial Perspectives from Inside China, p.85-101

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Title:
Early Warning System for Finance
Author: Wu, Peng ; Gao, Lei ; Wang, Qiong
Subjects: Earnings management ; Financial crisis ; Financial early warning ; Fisher multivariate linear discriminant ; Principal component analysis
Is Part Of: Diversity of Managerial Perspectives from Inside China, p.85-101
Description: In this chapter, the financial risk is divided into traditional financial risk and earning’s management risk. Based on the analysis of noncorrelation between the traditional financial risk and earning’s management risk, this study puts forward the necessity of establishing a two-dimensional model of financial early warning analysis. We use the special treatment companies and irregularities’ companies in Chinese stock market from 2007 to 2013 as samples and the data of T-1 year to screen indexes by principal component analysis method. Then a discriminant function model is constructed by Fisher multivariate linear discriminant method. We confirm the validity of the model by using the data of T-2, T-3, and T-4 years.
Related Titles: Managing the Asian Century
Publisher: Singapore: Springer Singapore
Language: English
Identifier: ISSN: 2364-5857
ISBN: 9812875549
ISBN: 9789812875549
EISSN: 2364-5865
EISBN: 9812875557
EISBN: 9789812875556
DOI: 10.1007/978-981-287-555-6_6
Source: Ebook Central Academic Complete

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