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Research On Construction Of The Financial Risk Forewarning Index On Listed Companies

Posted on:2012-08-24Degree:MasterType:Thesis
Country:ChinaCandidate:Q Y LiuFull Text:PDF
GTID:2249330374496243Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years, with the development of economic globalization, enterprises are provided with a great many opportunities and challenges. The risks in enterprise management have increased as there are more external and internal condition uncertainties. Therefore, how to adapt to the changing environment, gain the superiority status in the competition and make healthy and orderly progress has become a problem that should be solved quickly.Setting up a warning system of enterprise’s financial risk is an effective way to solve this problem because coming events cast their shadows before them. The occurring of financial crisis need time and accumulation, and quantitative change will be changed finally into qualitative change with warning index of financial risk being a barometer. If the business operator can make warning analysis as early as possible, potential risks can be found beforehand, and effective measures can be taken to improve his operation and prevent from the occurring of financial crisis.By the analysis of research of warning system of enterprise’s financial risk at home and abroad, the paper first describes the current study status of warning system of enterprise’s financial risk and analyzes the existing problems in this field. Then on the basis of current theories and practices of financial management and warning system of enterprise’s financial risk, the paper puts forward the idea that warning indexes system of enterprise’s financial risk should be set up from the aspects of fundraising, investment, operation and profit distribution of financial management with the theories of accounting, financial management and statistics. After risks are categorized as fundraising risk, investment risk, operation risk and profit distribution risk based on the above study, and four warning indexes systems of enterprise’s financial risk are established. Next, the paper sets up a warning model of enterprise’s financial risk by using comprehensive efficacy coefficient method, F-AHP and so on. At last, taking all the listed shipping companies in Shenzhen and Shanghai as samples, the paper calculates the comprehensive efficacy coefficient and sorts and analyzes the results to prove that the established warning indexes systems of enterprise’s financial risk are rational and effective.
Keywords/Search Tags:financial forewarning system, financial circle, index system, efficacycoefficient method
PDF Full Text Request
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