In the fierce market competition, modern enterprises pay much attention to risk management and lay emphasis on keeping a lookout and controlling for risk. However, the key of risk management is to forecast and control the financial risk. Tile survival analysis model can dynamically forecast tile probability of hazard events. This paper uses proportional odds model to forecast the financial distress of the listed company in our country. According to marginal likelihood approach and ALASSO variable selection procedure, the main factors influencing the financial risk is determined and the estimat...
