Research On Financial Risk Control In Enterprise Group

The development of enterprise groups is important to raise the level of guarantee for the national economy,and it is a powerful weapon to strengthen national competitiveness. Nowadays with our nation open to the world,we forming a large number of big enterprises which have their own intellectual property rights,well-known brands and strong international competitive,these played a pivotal role to promote the development of the national economy.We should not neglect an important question--financial risk--of control in this develop rapidly time.It is the core of enterprise risk management for the development of.enterprise groups.Because of the multiplier legal person's organizational structure's characteristic of the enterprise group,it made more complex to control the enterprise group financial risk than common enterprise.Research on the control of enterprise group's financial risk,not only are the forefront of financial management issues,but also the difficult problems which need to solve.It have not yet fully apparent in the development of the enterprise groups scale superiority;the corresponding risk control mechanism and the system is not perfect; development and operation of the group decision-making,implementation and monitoring system is not yet perfect and so on is a serious constraint to further development of the group where these are more or less exposed to financial risk control.This article base on the reality research,from the internal and external reason pointed out the enterprise group s financial risk,on the basis of the existing research results,comprehensive use of risk management theory,financial management theory and method,analysis the necessary on the theory of risk control foundation,and the specificity of enterprise group financial risk control.This financial risk management system composed by the methods,tools of the composition in financial risk indention,financial risk assessment and financial risk management on group level,the subsidiary level and at the operational level,it contributes to the achievement of group risk control system..Through establishment system to the group in their budgetary control and the internal control system's again,we clear jurisdiction division about the management and the execution level responsibility;The author selected the Z scoring model to the enterprise group financial risk's early warning,and unified the list group' s the financial data to prove serviceability of this model.The empirical part take the W group as an example,detailed description this group's financial risk control system, and calculate the related financial target and the Z value,proven that the budgetary control, the internal control and the financial risk early warning has the control action to the enterprise group financial risk,this will helpful to consummation our country enterprise group financial risk control system.The paper unifies the theory and the empirical,carried on the systematic characteristic and the integrating research to the enterprise group financial risk's control,I hope this will provides beneficial model to.other enterprise groups to construct their financial risk control system..