本文选取90家ST公司为样本,以传统财务指标为基础,通过因子分析提取指标和降维,利用Logistic回归模型作为判别企业财务状态的工具,构建了上市公司财务危机的判别模型。研究结果表明,该模型具有较高的建模精度和判别能力。 This paper selects 90 ST companies as samples, based on the traditional financial indicators, through factor analysis to extract indicators and dimensionality reduction, use Logistic regression model as a tool to judge the financial status of enterprises, and build a discriminant model of listed companies' financial crisis. The results show that the model has high modeling accuracy and discriminating ability.