—The global financial crisis, triggered by the U.S.
subprime mortgage in 2007, has seriously affected the
development of China's economy, making a large number of
Chinese export-oriented enterprises faced with serious
problems, such as profit decline, layoffs and even bankruptcy.
This paper is set under the background of this global financial
crisis and aiming at extracting implicit risk factors of the
export-oriented enterprises through empirical research, which
is different from those early studies that based under the
conditions when the external environment is stable. In this
paper, we built the early warning system on the basis of the
logistic regression theory and help enterprises identify the
internal factors leading to their corporate financial crisis, so
that they can better confront with crisis in the future and take
precautions against external environmental impacts, thus
contributing to the development of more robust.
—financial crisis, bankruptcy prediction, logit
Cite:Qin zheng and Chen yanjun, "The Bankruptcy Prediction of Chinese Export-oriented Enterprise:base on the Financial Crisis," International Journal of Trade, Economics and Finance vol.1, no.3, pp. 283-287, 2010.