ratios for financial analysis 中文意思是什麼
ratios for financial analysis
解釋
財務分析比率-
Firstly, the author reviews the classical articles about early - warning models in the financial - failure field. on the basis of summarize and review these research, the author selected 18 listed companies which experienced financial failure and 18 corresponding listed companies which were in formal financial conditions as the comparative examples. after the section analysis and the single - variable discriminant analysis of the financial ratios " difference of the two groups for three years before the financial failure, the author picks out some ratios as the predication variable and establishes some multi - variable models to forecast financial failure
本文通過對國內外財務失敗預警模型研究領域經典文獻的回顧，在對已有研究成果進行總結和評價的基礎上，筆者選取了我國上市公司中18家財務失敗的公司和18家財務正常的公司為樣本，應用剖面分析和單變量判定分析法，研究了公司財務失敗出現前3年內各年這兩類公司20個財務指標的差異，並從中選定若干指標作為預測變量，應用多元統計方法構建預測財務失敗的多變量模型。 -
It is desirable for all related insiders and outsiders to discern all potential risk in advance. this paper, with the adoption of special treatment resulted from abnormal financial position as the indicator of financial distress, the univariate variable analysis and multiple variable analysis as the research approach and some financial ratios as variable, tries to find an optimal financial distress prediction model of chinese manufacturing listed companies based on public accounting data. our finding demonstrate that five general financial ratios and three ratios concerning the cash flow have better predicting ability, the erroneous classification ratio are low. these five general financial ratios are earning per share, return on net assets, return on gross assets, growth rate of net profits, growth rate of net assets ; the three ratios concerning the cash flow are net cash flows from operating activities per share, net re - earnable cash flows / current liability, net cash flows from operating activities / net profit
研究結果表明，在單變量分析中，每股收益、凈資產收益率、總資產報酬率、凈利潤增長率、凈資產增長率這5個財務比率的錯分率較低、預測能力較強；經營活動凈現金流量與凈利潤之比、每股經營現金流量、可重復賺取的現金凈流量與流動負債之比這三個現金流量財務比率對于預測上市公司財務困境具有有效性；多變量分析中，應用費雪判別分析和典則判別分析得到兩個判別模型，在典則判別分析中，應用兩種方法確定所建模型的最佳分界點，檢測證明應用所得兩個判別模型進行財務困境預測的準確率很高。 -
Credit assessment is a very important but rather complicated process for commercial banks. from the past decades to nowadays, different schemes using simple financial ratios and many other statistical methods, such as logistical regression analysis, linear regression analysis, decision trees and so on, are used popularly by commercial banks all of the world
在國內，銀行對客戶的信用等級評定，還處在對企業的某些財務指標進行評價，而後加權平均確定的階段上，因此迫切需要引入更為科學的方法來確定有效指標，並建立準確的定量模型來解決信用評估問題。 -
This paper precedes analysis by examples on investment income in shanghai and shenzhen stock market from 1994 to 2005 by investment strategies with financial ratios as decision basis, inspecting average rate of return of various investment strategies, standard deviation for investment income, sharpe ratio of reward to risk, and analysis on these results. financial ratios in research include : price - to - book ratio, price - to - earnings ratio, price - to - sales ratio
本文主要對以相對估價法為決策依據的投資策略在滬深兩地a股市場1994年至2005年的投資收益進行實證分析，考察各種投資策略在這11年間的總收益、年度復合收益率、收益標準差、收益的夏普風險指數，並對結果進行了分析。 -
Then forty - six independent variables are studied with the help of the profile analysis and t test. furthermore, some financial ratios, which are grate different between the two groups for the years before the financial failure, are picked out to establish multi - variables model to forecast the financial failure in the method of logistic regression. and the model is proved to have good predictable efficiency and accuracy
其次應用剖面分析和t檢驗對選取的45個備擇變量進行研究，從中選出若干差異顯著的財務指標，採用logistic回歸的方法建立了多變量的財務困境預測模型，並且對該模型進行了回判檢驗，取得了較高的預測效果。
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