摘要
本文在运用主成分分析方法对现金流财务指标进行统计处理的基础上,运用Logistic回归方法构造并实证检验了两大模型,即仅包含财务信息和引入终极控制人特征等公司治理因素的回归预测模型,实证结果表明,基于终极控制人特征的公司治理信息有利于预测上市公司是否可能发生财务困境。
Based on the results of statistical treatment over cash flow index with the method of principle component analysis, this paper constructed and empirically tested two regression prediction models with the logistic regression. The test deal only with models including cash flow information and introducing corporate governance factors like the character of ultimate controller. The empirical results show that the information of the ultimate controller is useful to predict the possibility of financial distress of listed companies.
出处
《广西财经学院学报》
2011年第2期103-108,共6页
Journal of Guangxi University of Finance and Economics
基金
石河子大学研究生创新基金项目"大股东控制下的公司多元化经营研究"
