A Research Of Business Risk Financial Management

An exact definition of risk is presented hereby, based on an analysis of the four element of risks——risk factors, events, expectation and result. The profitable and losable features as well as its uncertaintity are specif icabed. The risk of business capital and its flow is derived from the risk of business operation and its grey characteristics. The risk of business financial is recognized from all business actions and a concept of "business risk financial"is proposed and its features analysed. Combin-ing business risk management with financial management, a subject of business risk financial management is estalished. Basic theory and methods of the subject are stduied preliminarily.Compared with general risk management, business risk financial management is characterized by a broader exent, stronger integrating ability and higer sensitivity;compared with general financial management, business risk financial management has the characteristics of newer viewpoint, enlarged management financial contents and advanced means. The contents of business risk financial management involves natural risk financial mannagement, social risk financial management and operating risk financial management. Its principal methods inclued risk financial forcasting method, risk financial decision method, risk financial protecting and controlling method, as well as risk financial processing method.This thesis researches the business risk financial management from five parts:The first part of the thesis discusses the actuality and trend about research of inside and outside nations. Risk management originate from Germany, engendered and expanded in America. To the western nations, the points of focus of its study is from the practices of the risk management to research it systematize and specialization, and transit to enterprise risk management step by step. These points can be validated by a series of systems published by COSO committee and GARP organization. To the asian nations (exclude China), there are not a little studied fruits in Japan and Singapore and so on which take the points of focus beginning with impo-rtance and sort of the risk management to research it from theory to theory that aims at its definition, protecting and controlling and so on can bear the positive significance in the facet of guidance for prictise of risk management. And then, in China, we have researching the risk management for only excess vicennial years a little, and the most of researcher studied it from the view of the economics. The researcher who integrated the risk management and financial management, from the point of view in literature, the problems is that the less quantity of the study fruits firstly and the less thorough degree of its researching secondly.The second part of the thesis aims at to educe the meaning and profit and loss of risk basis on the contrast analysis among the risk element, risk event, risk expectation and risk result, further more, to demonstrate the notion and characteristic of business risk, and then, to educe the elements of the business risk.The third part of the thesis discusses the basic thoery of risk finan-cial management. The basic thoery include four elements of risk financial management——notion, characteristic, object and goal. In the end of this part,it discusses the significance of risk financial management as well. Its significance consist in stabilizing the action of business financial and accelerating the capital turnover;and then, enhancing scientif icity and cost-effectivity of business decision-making;and then, achieving the business operation aim overfulfilly, and that can conquer risk and advance the business benefit and so on.The fourth part of the thesis is the beneficial complementarity for the third one.It bases on exemplification and takes the preamble that discussed the basic theory as precondition to make mathematical analysis and make a summary for basic methods of risk financial management that incldes forecasting, decision, protecting and controlling and processing methods. From the viem of financial management, risk also exists cost, earning and profit and loss. In the end of this part one, it discusses the accounting accounts of risk systematically.The end part of the thesis based on the sort of business risk management discusses the natural risk, social risk,market risk and business operation risk of financial management.The innovative points mainly represented from three aspects:The first one:it can educe the risk of capital and its action from the view of its grey characteristics;The second one:it try to study the thesis integrated the risk management and financial management;The third one:it has a practical meaning that puts forward accounting processing methods of risk financial, as well as take a classified manangement in business financial.