Title: Comprehensive evaluation method of enterprise financial risk based on fuzzy grey correlation analysis

Authors: Xuena Lin; Guijun Shang

Addresses: Xinxiang Vocational and Technical College, Xinxiang, 453006, China ' Xinxiang Vocational and Technical College, Xinxiang, 453006, China

Abstract: In this paper, a comprehensive evaluation method of enterprise financial risk based on fuzzy grey correlation analysis is proposed. Firstly, the comprehensive evaluation index system of enterprise financial risk is constructed, and the comprehensive evaluation index of risk is differentiated according to the judgment matrix. Then, based on fuzzy grey relational analysis, a judgment matrix is constructed to determine the weight of financial risk indicators. Finally, optimise the comprehensive evaluation sub-node to realise the comprehensive evaluation of enterprise financial risk. The experimental results show that the graphic area enclosed by PR curve, X-axis and Y-axis is close to 1, the financial health index is above 80%, and the false alarm rate is below 15%, which has good evaluation performance.

Keywords: fuzzy grey correlation analysis; enterprise financial risk; comprehensive evaluation; evaluation index system; financial health index.

DOI: 10.1504/IJBIDM.2025.143928

International Journal of Business Intelligence and Data Mining, 2025 Vol.26 No.1/2, pp.147 - 160

Received: 17 Nov 2023
Accepted: 15 May 2024
Published online: 14 Jan 2025 *

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