本文以上市公司被ST作为企业陷入财务危机的标志,从我国A股上市公司中选取了18个财务危机公司样本,依据一定的原则确定了18个正常公司作为对照样本。对选取的7个财务指标进行因子分析,把得到的公共因子作为Logistic模型的变量,依据所得到的因子得分对样本进行Logistic回归分析,结果发现模型拟合效果和预测结果均较好,能够作为决策、研判的依据。 In this paper, ST listed companies as a sign of corporate financial crisis, from the A-share listed companies in China selected 18 financial crisis company samples, according to certain principles identified 18 normal companies as a control sample. The seven selected financial indicators by factor analysis, the public factor as a variable Logistic model, based on the score obtained by factor Logistic regression analysis of the sample, the model found that the fitting results and prediction results are good, as a Decision-making, judging the basis.