Factors Leading to Financial Crisis of Business Model Innovation-Oriented Enterprises (BMIE)

Through literature review and case study, identifies such factors leading to financial crisis of BMIE as external environment，risk awareness，strategic decision-making，business management，internal control system and corporate governance. It also builds a structural equation model on the base of the investigation data from 279 domestic enterprises. The study result shows that strategic decision-making，enterprise management, enterprise governance and internal control system cast great influence on financial crisis，while the external environment fails to pass the test of significance.