Research On Enterprise Financial Risk Conduction

The dissertation is an important part of " Study on Mechanism and Control of Operational Risk Conduction of Commercial Bank" which is supported by the National Natural Science Foundation(No.77071085).With China’s rapid economic development, the extent of the harm caused by the financial risk to the enterprise is deepening, which affects the survival and development of enterprise and brings huge losses to stakeholders. Within the financial system of enterprise, due to the close correlation between the financial aspects, it’s easy for financial risk to conduct to other financial aspects, which is financial risk conduction within the enterprise. At the same time, enterprise conducts its financial risk to related upstream and downstream enterprises through the supply chain, resulting in financial risk conduction through the supply chain. Therefore, probing the conduction mechanism of enterprise financial risk from the aspects of the source, conduction vectors and conduction path, and raised the control strategy of financial risk conduction have very important theoretical value and practical significant for improving the control theory of financial risk management, and for enhancing the level of enterprise financial risk management.This dissertation takes "basic theory of enterprise’s financial risk conduction—the main game process of enterprise’s financial risk conduction—The simulation model of enterprise’s financial risk conduction—an empirical study—management and control strategies of financial risk conduction" as the study logical route. It sets up research framework with enterprise financial risk management theory, systems theory, risk conduction theory, management and other disciplines of knowledge. This dissertation analyzes the effects of corporate financial risk conduction, study of the source, conduction carriers and conduction path of enterprise financial risk conduction, puts forward evaluation methods of enterprise financial risk conduction, and explores management and control strategies of enterprise financial risk conduction. The whole research is as followings:Chapter1illustrates the research purpose and research significance of financial risk conduction of the enterprise. After deeply studying the domestic and foreign scholars’literature review on the financial risk conduction, the dissertation proposes the research contents, research methods and research train of thought. Based on the research on financial risk connotation, Chapter2defines the concept and characteristics of financial risk conduction, classifies the financial risk conduction from several perspectives, studies the critical elements of enterprise financial risk conduction, and also describes the effect of enterprise financial risk conduction. Chapter3analyzes the main game process of enterprise financial risk conduction. Based on defining principal attributes of enterprise financial risk conduction, Chapter3mainly analyzes the game process of internal and external enterprise financial risk conduction.Chapter4builds simulation model of enterprise financial risk conduction on the basis of drawning subsystem causal diagram Chapter5is an empirical analysis.Chapter6discusses the management and control strategy of enterprise financial risk conduction, which includes controlling financial risks source,blocking conduction path of financial risks and improving financial risk threshold. Chapter7summarizes the full text and looks forward the research.