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Research On The Enterprise Financial Risk Based In The Environment Of WTO

Posted on:2004-06-16Degree:MasterType:Thesis
Country:ChinaCandidate:B TaoFull Text:PDF
GTID:2156360122460129Subject:Business management
Abstract/Summary:PDF Full Text Request
On November 10,2001, China joined the WTO. There has been a flood of research results in recent years about the influence of joining the WTO of China on the foreign trade, taxation, law and various industries. However, the research of the influence on the financial management is deficient. But we should be aware that internationalization of the financial management has become the inevitable trend after joining the WTO, following the mingling and the multinational flow of the native capital and the foreign capital. And the traditional financial management theories, systems and methods would suffer the tremendous impact. In such conditions, how the enterprises make the adjustment to accommodate to the new situation and the competition has become the problem that should be solved urgently. Joining the WTO, brought the tremendous opportunities to our enterprises, at the same, it brought the unheardof risk. In the process of the world becoming one, it should be paid attention to especially how the enterprises evade the financial risk.Through the comparison among the various points of view, I put forward my opinion on the conception of risk .Two standpoints about the financial risk hold by the current ideologues and city men were analyzed in the paper, and the connotation t of the financial risk was cleared.After joining the WTO, the political environment, the legal environment and the financial environment have changed enormously. Our enterprises must conform the trend of integration, accommodate the change of environments, and make the adjustment in the financial management, thus they can acquire superiority in the multinational competition. After joining the WTO, the financing modes and channels are more multiform. The enterprises should set down scientific financing strategy, keep reasonable capital structure to meet the demand of the total strategy, based on the practical situation and the target of financing. I analyzed detailedly the influence of joining the WTO on financing environments of China and the sources of financing risk. The financing risk in thechannels of equity financing and liabilities financing was researched thoroughly in the paper.Through the analysis to the meaning and subsumption of the investment risk, I put forward to the analysis and adjustment methods of investment risk in the surrounding of WTO, and discussed two idiographic adjustment methods. After joining the WTO, more and more Chinese enterprises would walk up to the international market, and proceed to international investment. So I analyzed the risk of international investment of Chinese enterprises.I analyzed a case of financial failure from the side of financing and investment, and summarized the significance to Chinese enterprises in the environment of WTO.
Keywords/Search Tags:WTO, financial risk, financing risk, investment risk
PDF Full Text Request
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