Title: Forecasting Model of Listed Company's Financial Distress: An Empirical Study Based on Accounting Information and Corporate Governance Information
Abstract: This article takes the 52 ST companies and another 52 non-ST companies in Shanghai and Shenzheng stock exchange in the first half of 2005 as the research object.It constructs forecasting model of financial distress with the accounting information and corporate governance information from these listed companies.The research demonstrates that: 1) corporate governance features exerts distinct influences on a company's financial distress;2) corporate governance information is not covered by financial information.This means that: 1) corporate governance structure imposes great impact on a company's financial security and therefore the structure of corporate governance shall be further improved;2) in the future study and construction of forecasting model of financial distress,both the accounting information and corporate governance information shall be considered so as to construct a more effective forecasting model.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot