DANP variable weight financial early-warning model based on the earnings quality pyramid.

High-quality earnings is the cornerstone of the healthy and sustainable development of the company and the financial crisis is a comprehensive performance of financial quality. Based on the theory of harmony, this paper analyzes the mechanism of financial crisis from the aspects of earnings quality and the balance of its each dimension and establishes the financial crisis' evaluation index system based on earnings quality pyramid. Considering the mutual influence between the evaluation indicators and the attribute value transfer of the constant weight comprehensive model, this paper establishes the decision-making and trial evaluation based analytic network process (DANP) double layer penalty variable weight time series financial early-warning model to judge the financial condition. Through the empirical data of listed companies, the critical interval of the financial early warning comprehensive value is [0.6494, 0.6547]. Its prediction accuracy rate reaches 91.53%. The smaller the value, the greater the likelihood of the financial crisis. It has an incremental contribution to the study of the mechanism of financial crisis in theory and it helps companies supervise their financial situation in practice. [ABSTRACT FROM AUTHOR]