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Research Paper | Economics | China | Volume 6 Issue 8, August 2017

Research of Financial Early Warning on Enterprises Listed on the New Third Board Based on KLR Model

Jianze Zhou ^[2]

Abstract: In the multi-level capital market in our country, enterprises listed on the New Third Board market are the most promising development enterprises and face the broadest financial risk, but the analysis of available literature on their financial crisis warning is scarce. By referencing KLR model which analyzes financial crisis, selecting a sample of enterprises listed on the New Third Board and adopting the method of comparative analysis, this article makes early warning on the enterprises financial crisis from five aspects the state of profitability, asset quality, debt risk situation, business growth and supplementary material. The empirical results show that the KLR model can be used in financial early warning analysis on enterprises listed on the New Third Board and it distinguishes enterprises with financial crisis from healthy ones with 100 percent accuracy.

Keywords: the New Third Board, KLR, Enterprise Financial Crisis, Financial Crisis Warning

Edition: Volume 6 Issue 8, August 2017,

Pages: 1774 - 1782

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