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With the development of the national economy, more and more companies choose to market financing, the inherent risks of the listed companies allocated to ordinary shareholders and the Securities Investor. How to avoid risks, and guide people to make the right investment decisions become an important topic of theoretical researchers. The analysis can be seen from the Shanghai and Shenzhen listed companies and other domestic and foreign enterprises in recent years, the status quo, business failure is often due to a weak link in the financial. Financial management is the core of enterprise management, enterprise funds once the motor center suffered damage, will lead to the deterioration of the financial condition and cause financial risks, and will be followed by the outbreak of the financial risks to the enterprise can not afford to limit the overall crisis, leading enterprises bankruptcy. Therefore, the establishment of financial risk assessment and early warning system to predict risk in a timely manner, and take appropriate action, the risk is nipped in the bud stage, become an important part of the modern enterprise financial management. Since China's accession to the WTO, the sharp increase in exports, the manufacturing sector has been unprecedented development. The manufacturing industry has gradually become the foundation and pillar of our national economy, but also become a concentrated expression of the national production capacity. However, with the development of China's manufacturing industry, technological backwardness, smaller, lower levels of financial management the disadvantages also will be revealed. Coupled with the impact of the financial crisis, China's export-dependent manufacturing enterprises are facing tremendous pressure, many companies went bankrupt. Strengthen financial management and early warning on the financial crisis in a timely manner, to prepare for it in advance, not only enables manufacturing enterprises to survive the difficulties of the financial crisis, and also provide strong support for the future development of enterprises. The first chapter introduces the background and significance of building a financial early warning model, then define the concept of financial crisis, corporate governance, and economic value added, concluded the structural context and innovation. The second chapter reviews the relevant literature in five major financial early warning model, and each model are reviewed. Chapter two financial early warning model into the design. Chapter empirical analysis of the two models, the study found Logistic model in the three-year model, the net assets per share, asset turnover, basic earnings per share, the audit opinion, the company is special treatment close relationship . The economic value added method is more suitable for the medium and long term warning. Finally, the full text summary Overall Logistic model better warning effect.
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