| Summary: | 碩士 === 中國文化大學 === 會計研究所 === 92 === The authority of security market has trying to strengthen the market since 1962. But there are still some abuses such as the broker default, market price operating and releasing imprecise news. All of these disadvantage the investors. This study ana-lyse the broker default, finding the factors that make default.
Four variables such as P/E ratio, price to book value, TCRI(Taiwan Corporate Credit Risk Index), and alert stock are included in this study. We use the Discriminate Analysis to analyse which company will become failure. The samples for this study are the companies that available in the market during 2000 to 2002.
The study turns out that most of the failures are negative income, High P/E ratio and have been determine to the high risk companies by TCRI. Then we realize that TCRI can tell the failures. We also add the alert stock to our consideration to catch the stocks that has been operated.
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