Research On The Investment Risk Management Of Logistics Park Based On COSO-ERM

The investment and construction of Logistics Park is a systematic engineering, which involve so many sections, such as programming, transportation, land, business, price, taxation etc., and which have some characteristics of greatly capital, long recovery period of investment and much uncertainty factor etc. Therefore, the investment of Logistics Park faces with tremendous risk, and the investor must do the best of risk management to ensure the project's success. However, to the investment of Logistics Park, many logistics enterprises often neglect of the investment risk, lack enough data or document of risk management, and have little valid techniques to analyze and supervise the risk. So, as the competition between domestic and abroad getting more and more brutal, it gradually becomes a compulsory course for the logistics industry to learn the knowledge of investment risk management.In China, the research on risk started lately, and the research on investment risk of logistics industry is just a new fields. At present, the researches of risk on Logistics Park are not much, it mainly concentrate on identification and assessment of risk. What is more, the methods it used are relatively single, the responses and preventions for risk are limited. In a word, the research on risk management of Logistics Park seems imperfect, which need to get further development and innovation. Regarding to this situation, the thesis take the common theory of risk management and the latest theory--frame of "COSO-ERM" as a foundation to establish a system of investment risk management for Logistics Park, and then applied it in a factual logistics project. The system is not only expand the research vision of academic circles, but also enhance the maneuverability of the theory, strengthen the awareness and management skills of risk, and benefit more for the logistics industry to make a scientific investment decision.The thesis divides into five chapters. The first chapter mainly elaborated the goal and significance of research, and then reviewed the current situation about risk management and the risk of Logistics Park. The second chapter mainly introduced the basic theory of investment risk management about Logistics Park. It firstly introduced the general definition, goal and content of risk management, and then introduced the frame of COSO-ERM. The third chapter mainly elaborated the function of COSO-ERM frame for the investment risk management of China. To begin with, the chapter introduced the concept, constitution and basic function of Logistics Park, and then elaborated the present situation of investment risk management in China. Finally, it pointed out the function of COSO-ERM frame for the investment risk management of Logistics Park. The fourth chapter mainly elaborated the detail process in applying the COSO-ERM frame. Firstly, it introduced the background of the project, and then elaborated each step's implementation of COSO-ERM frame. The last chapter is a conclusion and forecast. It mainly reviewed the primary content of the thesis, proposed some corresponding suggestions of the process, and finally pointed out the limitation and research direction of the thesis.