International Conference on Construction and Real Estate Management 2020
Research on Financial Risk Early Warning of Real Estate Enterprises
Publication: ICCREM 2020: Intelligent Construction and Sustainable Buildings
ABSTRACT
Under the industry development mode in which high investment, high returns, and high risks coexist, it is very important to analyze and prevent the financial risks of capital-intensive real estate enterprises. In view of the fact that most previous studies on financial risk early warning models only consider financial indicators and neglect the impact of some non-financial indicators, this paper takes 87 listed companies in A-Share real estate industry in Shanghai and Shenzhen stock exchanges from 2016 to 2019 as the research objects, based on the logistic model, and considers the early warning effect of financial and non-financial indicators on financial risks. The results show that on the one hand, financial indicators such as solvency, profitability, and cash flow ability play an important role, on the other hand, whether the enterprise has been dealt with in violation of the law also has a significant impact on financial risk early warning.
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Information & Authors
Information
Published In
ICCREM 2020: Intelligent Construction and Sustainable Buildings
Pages: 742 - 750
Editors: Yaowu Wang, Ph.D., Harbin Institute of Technology, Thomas Olofsson, Ph.D., Luleå University of Technology, and Geoffrey Q. P. Shen, Ph.D., Hong Kong Polytechnic University
ISBN (Online): 978-0-7844-8323-7
Copyright
© 2020 American Society of Civil Engineers.
History
Published online: Oct 14, 2020
Published in print: Oct 14, 2020
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