本文旨在結合財務報表訊息揭露與公司治理等變數，期望能夠發現其與預測企業發生經營危機可能性之間存在相關之因果關係。本文選取28項財務報表訊息變數及9項公司治理變數，合計37項變數，應用羅吉斯迴歸模型分析這些變數是否可以反映企業經營發生危機之機率的關聯性。基於台灣島國經濟特性，分別選取股票上市(櫃)整體產業之企業發生危機的公司計有182家、以及採取固定資產規模相近為原則而相對應之182家正常公司的樣本，並針對危機發生前一年、前二年、前三年建立模型及進行分析。
研究結果顯示，除了可強化企業經營價值、在營運過程中及早發現危機發生可能性以降低經營風險之外，並且能夠強化既有文獻在預測準確率所敘述不足之處。此外，藉由提供給企業經營者與政府當局防範於未然之同時，並能成為投資者及利害關係人瞭解企業經營狀況之參考價值。本研究發現，以財務報表訊息及公司治理之顯著性變數，透過羅吉斯模型分析可有效用來解釋及預測企業經營發生危機之原因。
This study aims is to combine financial statements information disclosure and corporate governance, we expect to find the existence of a positive relation probability with the corporate crisis. Due to Taiwan have limited size of the industry with a small island economies feature, we selected 182 samples of crisis companies and 182 samples of normal company which participation on fixed assets similar basis, sample select does not distinguish the category of the industries. Under this study for the results of model development, we hope can to strengthening the business value and the possibility of early prediction of corporate crisis. In addition, we are also look forward to complement the existing literature related index variables for prediction accuracy of the deficiencies described. Overall, the results are also expected be able to provide stakeholders and government authorities for an important reference.
