Empirical Study on the Influence Factors of Financial Crisis Based on Cox Model--taking the Data of Listed Companies in Overcapacity Industry as an Example

DOI

10.2991/wrarm-17.2017.22How to use a DOI?

Keywords

Financial crisis; Cox survival model; Excess capacity industry; Training samples; Test samples

Abstract

This article adopts Cox Survival model to carry on the research of financial crisis early-warning, chooses the seven industries with surplus capacity in our country, and makes empirical research on the data of 900 listed companies of steel, coal, nonferrous metals, power generation, machinery and equipment, chemical industry and real estate, and 41 of the 900 listed companies are labeled In view of the 41 listed companies with the financial crisis, this paper chooses 70% as training samples, including 28 listed companies marked St, the remaining 30% financial crisis listed companies as test samples, and predicts the forecast samples on the basis of training sample model. The factors that affect the financial crisis of enterprises are obtained. Cox model can be a comprehensive analysis of the factors influencing the financial crisis of listed companies.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Kangru Liu
AU  - Liang Dai
PY  - 2017/11
DA  - 2017/11
TI  - Empirical Study on the Influence Factors of Financial Crisis Based on Cox Model--taking the Data of Listed Companies in Overcapacity Industry as an Example
BT  - Proceedings of the Fifth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2017)
PB  - Atlantis Press
SP  - 122
EP  - 127
SN  - 1951-6851
UR  - https://doi.org/10.2991/wrarm-17.2017.22
DO  - 10.2991/wrarm-17.2017.22
ID  - Liu2017/11
ER  -