摘要：现代社会互联网经济与计算机行业的蓬勃发展，无数相关企业应运而生走上黄金大道，乐视企业无疑是其中的佼佼者。然而2016年乐视董事却发表内部信坦言企业危机，承认乐视面临的财务困境，可见对财务危机的预警研究在乐视的企业运营中具有现实意义，财务危机预警在企业运营环节中起着重要作用，本文在了解财务危机的定义基础上，分别运用财务管理中的沃尔评分法，以及财务危机预警模型Z-计分模型，结合乐视的财务数据与非财务数据，对乐视的财务状况及发展进行研究分析，通过对沃尔评分法与Z-计分模型在乐视财务危机预警中运算结果的对比分析，找出更为适合乐视现状的预警策略。对乐视的财务危机预警研究能为类似情况的上市公司提供危机预警思路，对着眼于互联网经济市场的投资者有一定的参考价值。

关键词：财务危机预警；Z-计分模型；沃尔评分法；乐视网。

Research on the Financial Crisis Early Warning of Leshi

Abstract：Modern society Internet economy and the vigorous development of the computer industry many related enterprises came into being Golden Avenue Leshi as a business is undoubtedly one of the best. However 2016 as the director of the Leshi has published an internal letter that business crisis recognition of Leshi as facing the financial difficulties we can see that the early warning of financial crisis in the Leshi business operations with practical significance financial crisis warning plays an important role in the business operations On the basis of understanding the definition of financial crisis this paper uses the Wall score method of financial management and the financial crisis early warning model Z word score model combined with Leshi as financial data and non-financial data Leshi as the financial situation and development Based on the comparative analysis of the results of the Waldorf Score and the Z-score model in the early warning of financial crisis we find out the early warning strategy which is more suitable for the status quo. The study of financial crisis early warning can provide crisis early warning ideas for similar listed companies which is of reference value to investors who focus on the Internet economy market.

Keywords: Financial Crisis Warning; Z -word Score Model; Wall Score Method.Leshi Internet Information and Technology Corp

目录

0引言 1

1财务危机相关理论研究 1

1.1财务危机的定义 1

1.2财务危机预警分析方法 3

1.2.1指标分析法 3

1.2.2单变量判别模型 4

1.2.3多变量判别模型 5

1.2.4结合现代新技术的预警方法 5

2沃尔评分法在乐视财务危机预警中的应用 6

2.1指标数据选择 6

2.2沃尔评分法计算结果 7

3Z-计分模型在乐视财务危机预警中的应用 9

3.1模型应用 9

3.2模型运算结果分析 10

4乐视财务危机预警应用方法的对比分析 11

4.1分析结果的对比与选择 11

4.2Z-计分模型更优的原因 12

5对乐视进行准确财务危机预警的策略 13

5.1对财务因素与非财务因素综合考虑