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Author(s): |
Xiaohui Shu, Dept of Economics, Huaihua University, Huaihua, China, 418008
Sihuan Li, Dept of Business Administration, Huaihua University, HuaiHua, China, 418008
Fang Yin, Dept of Business Administration, Huaihua University, HuaiHua, China, 418008 |
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Abstract: |
This paper put forward the dynamic use of Early-warning Radar Chart combined with evaluation method tracking evaluation plans to the financial position of listed companies. It is considered that Early-warning Radar Chart can not only mask cluster analysis and discriminant analysis as an aid, but also be further applications as an evaluation and dynamic tracking early warning methods. Finally, this paper make an empirical analysis by 30 Shenzhen and Shanghai cities listed companies in the steel industry financial data of 2003-2007, the results showed that the Early-warning Radar Chart not only reflects the financial position of listed companies, but also the variation of each financial index , and reflect the different periods of dynamic Changes in financial position. On the basis of constructing the financial system warning value and PA(performance appraisal) method, it may well do dynamic early warning on the listed companies’ financial performance.
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