Journal of Applied Corporate Finance, Vol. 21, Issue 2, pp. 74-86, Spring 2009
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A Study on Pre-Warning System of Financial Risk Based on Cash Flows
DU Hui-min (Ningxia Light Industrial and Art and Craft Imp.& Exp.Limited Corp.,Ningxia 750001,China)
Both the domestic and foreign study show cash flows have significant difference between an enterprise with financial distress and one without financial distress occupying financial pre-warning performance.It is necessary to study pre-warning system of financial risk based on cash flows with comparative analysis of present model of pre-warning system from the perspective of cash flows.
【Key Words】: cash flows financial risk pre-warning system
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