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Abstract:
In recent years, with the rapid development of the new energy industry, the probability of enterprises facing financial risks is also increasing. Therefore, an effective early warning model is needed to help enterprises timely detect crises and adjust their marketing strategies. In this paper, 20 listed companies in the new energy industry were selected for comparison through principal component analysis and logistic regression model. KMO and Bartlett tests were used to determine whether the selected indexes were suitable for principal component analysis and then 5 principal components were extracted according to the cumulative contribution rate of the factors, therefore corresponding expressions were obtained. In logistic regression analysis, the regression model was obtained through -2 times logarithmic likelihood function value and Nagekerke test to know whether the model had goodness of fit. Finally, samples are selected to test the model. The results show that the logistic regression model has a better financial warning effect on new energy enterprises. © 2021 ACM.
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Year: 2021
Page: 125-134
Language: English
Cited Count:
SCOPUS Cited Count: 1
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 8
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