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Study On Financial Risk Monitoring And Crisis Early-Warning Of Listed Company

Posted on:2005-01-20Degree:MasterType:Thesis
Country:ChinaCandidate:F X DuFull Text:PDF
GTID:2156360122486648Subject:Accounting
Abstract/Summary:PDF Full Text Request
In the market economy, it is inevitable that a company will be confronted with some financial risk. but people seldom paid much attention to the problem of financial risk monitoring and financial crisis early—warning until recent years. The south—east Asia economic crisis in 1998 made the whole Asian economy undergo a severest unrest since the second world war. From this financial crisis we began to realize that it is necessary to establish the early—warning system of the macro economy. In 2001,the America Enron Collapse, one of the many financial account-cheating accidents, brought severe impact to the world economy. It shows us that it is extremely urgent to build economic early—warning system for the macroeconomic and microeconomic.Enterprise is the cell of the national economy, and the national economy will not keep stable without the safe and healthy operation of the enterprises. So in order to keep Chinese economy run smoothly, the first thing we should do is to manage the enterprises well.From worldwide practical experiences We could draw such a conclusion that, in general, one company, as a economic entity, will not face above said problems in the process of development, but to a few of companies, for example, about 5% of American companies have to think about the financial crisis problem. In china, with the deepening of the economic reform, the amount of the bankrupt companies rises steadily. Furthermore, the majority of bankruptcies are among the large–sized and medium state-owned enterprises, and their debtors apply the most of these cases. So it can be said that we are confronted with the same problems of bankruptcy or financial crisis. The listed companies are the excellent representatives in the capital market, and until recently there is no bankrupted listed company in China, but one hundred and thirty seven listed companies have been treated specially, so we should not be over-optimistic to them. As we all know, financial management is an important part of enterprise management, its comprehensiveness determines that most issues of the enterprise will display on the weatherglass ——some sensitive financial indexes, of the enterprise fund movement. so, we can early—warn listed companies financial crisis through founding and watching some sensitive financial data indexes. Based on above studying background and theory, in this dissertation the listed companies are its research object, the financial risk monitoring and financial crisis early—warning its start point ,and normative and positive research method are used , the problems of the establishment of financial crisis early—warning are well discussed from the point of view of sensibility and premonition. At the end it puts forward the measures that can secure the system run efficiently in China.To realize above objects, this dissertation is organized into five following chapters:The first chapter briefly summarizes some basic problems, such as risk,financial risk,financial crisis,financial crisis early-warning and so on, presents my opinions about them, analyzes the present situation and the defect of China, thus establishes the groundwork for the after-discussing.The second chapter introduces the reason,characteristics of the listed companies financial risk, analyzes the peculiarities of Chinese listed companies.The third chapter explains the methods of measuring financial risk,the principle of establishing index system and concrete content.The fourth chapter is the core content, expounding the financial crisis early-warning mode,the main frame,the meaning of economic variables and how to use it for the listed companies.The fifth chapter puts forward the strategies and measures for the running in effect of the financial crisis early-warning system.The listed company financial risk surveying and crisis early-warning system design is a systemic engineering, involving a lot of content. this dissertation discusses all terms, but lays particular stress on some and chiefly stresses the reason,char...
Keywords/Search Tags:listed company, risk, early—warning, financial risk, financial crisis
PDF Full Text Request
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