中国房地产上市公司财务危机预警的Z-score模型:金融工程视角

Wang Yi
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引用次数: 29

摘要

金融工程师开发了定量模型,帮助企业在面临风险和不确定性时做出财务决策。Z-score模型是金融工程中最常用的风险预警模型之一,但它是否适用于中国新兴的房地产企业还需要进一步的研究来证明。本文对中国40家房地产上市公司的财务数据进行处理,并进行统计分析,以判断Z-score模型对中国房地产上市公司财务风险预警的有效性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Z-score Model on Financial Crisis Early-Warning of Listed Real Estate Companies in China: a Financial Engineering Perspective

Financial engineers developed quantitative models that help firms making financial decisions in the face of risk and uncertainty. Z-score model is one of the most frequently used risk early warning models in financial engineering, but it needs further research to prove whether it is suitable for China's burgeoning real estate enterprises. The financial data of China's 40 listed real estate companies is processed in this article, and statistic analysis is conducted, so as to judge the effectiveness of Z-score model on financial risk early warning of China's listed real estate companies.

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