Research on dynamic survival time of China's listed corporation

In accordance with the financial situation, this paper first divides China's listed companies into five stages, namely: the excellent financial situation, the stable financial situation, the deteriorating financial situation, the seriously deteriorating financial situation and bankruptcy or waiting for delisting; next, this paper calculates the annual transition probability of China's listed companies from year 1993 to 2005, on the basis of which is launched one-year transition probability matrix; at last, it reckons the average survival time of the listed companies at each inancial stage and the average time from each financial stage to bankruptcy or delisting.BusinessBusiness, FinanceManagementCPCI-SSH(ISSHP)