International Conference on Construction and Real Estate Management 2016
Financial Risk Early Warning and Prevention Research of Real Estate Companies in China
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
Based on the analysis of the characteristics of the real estate industry listed companies in China, the paper selects 28 practicable real estate companies as research objects and representative indicators of 2014 such as profitability indicator, operation ability indicator, debt paying ability indicator, and growing capability indicator, using factor analysis and logistic regression equation to establish financial risk early warning model. At the same time, in order to further enhance the effectiveness of the early warning model, the sensitive cash flow index is introduced into the enterprise’s financial situation in the construction of a financial risk early warning model; thus, the financial risk early warning system is of great significance. Based on the newly built early warning model, a new way of thinking is proposed to improve the measurement of preventing the real estate enterprise financial risk.
Get full access to this chapter
View all available purchase options and get full access to this chapter.
REFERENCES
Altman, E.I., Haldane, R. and Nahayana, P. (1977). “Zeta a analysis-an new model to identify bankruptcy risk of corporations.” Journal of Banking and Finance, 1(1), 29–54.
Cheng, Y.M. and Cheng, Y. (2013). “The Establishment and Application of Listed Real Estate Company’s Financial Risk Early Warning Model.” Wuhan University of Technology, Hubei, China, 151–156. (in Chinese).
Hertzel, M.G., Officer, M.S. and Rodgers, K.J. (2011). “Inter-firm linkages and the wealth effects of financial distress along the supply chain: rivals, customers, and suppliers.” Journal of Financial Economics, 19(11), 256–265.
Jiang, B. and Li, L. (2011). “Comprehensive financial evaluation of listed real estate companies development ability.” Friends of Accounting, (10), 17–23. (in Chinese).
Zhang, M. (2013). “Rural banks risk characterization and risk early warning.” Management Science and Engineering, 7(4), 74–78. (in Chinese).
Zhang, Y.T. and Huang, Y. (2011). “Based on the industry enterprise financial early warning control system of environmental risk identification study.” Accounting Research, (3), 41–48. (in Chinese).
Zhou, H., Liu, C.H. and Long, L. (2015). “Early warning of Chinese financial risks: an empirical study based on an MSVAR model.” Journal of Chinese Economic and Business Studies, 13(4), 353–367. (in Chinese).
Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 1355 - 1362
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.