| Summary: | 碩士 === 中原大學 === 會計學系 === 88 === According to previous research, basic financial ratio is the index of judging business financial status. During Asia financial crisis, in addition to environment, structure of problem business is also the main reason of business crisis. Manipulation of off-balance is the critical focus. Some businesses utilized the method of cross-holding equity to hide the fact of treasury stock and used that of endorsement to avoid record liability. If manipulation of off-balance exists, maybe the financial ratio of business can’t express the real situation of business.
The purpose of this research is as follows:
(1)Could financial crisis model based on basic financial ratio judge financial situation of the company effectively?
(2)Could financial crisis model involved in debts of off-balance increase right hit rate?
This research discovers some phenomena as follows:
(1)Previous three years of happening Asia financial crisis, hit rate of financial crisis model based on basic financial ratio is 86.11%、80.56%、77.78% separately.
(2)Above model involved in debts of off-balance, hit rate of financial crisis model increases into 94.44%、83.33%、80.56% separately, but manipulation coefficient is not significant.
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