Based on Bayesian Criterion, non-financial indicators were introduced in this paper to establish an early warning model for financial failures. Studies were carried out over 61 companies actually under Special Treatment (ST) and indicated that 54 of the companies were correctly judged (accuracy: 88.5%). The results proved good prediction effectiveness of the financial distress prediction model.
By using a single-period VaR risk measurement model in the risk management of manufacturing enterprises, the author of this article analyzed the influence of inventory risk on the performance of enterprises . Under the guidance of VaR model, and through studies on the impact of unit holding costs,unit ordering cost and unit shortage cost,and with managers' risk appetite, the author quantitatively analyzed enterprises inventory risk, and discovered that VaR risk measurement model is of operability and applicability in practical applications.
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