Research On The Financial Risk Control Of Listed Home Appliance Manufacturing Companies In China

Financial risk is the concentrated reflection of enterprise risk. Withthe rapid development of economic globalization around the world，thefinancial risk faced by enterprise are becoming more and morecomplicated and varied，which produce serious threat to the survivaland development of enterprises, and directly affect the harmony andstability of a country’s economy. In the past more than thirty years time,the cases of enterprise bankruptcy because of financial trouble havebecome more and more common. Home appliance manufacturingindustry as the pillar industry of the national economy, which has highcorrelation and strong driving force, has enormously influenceson national economic development. The financial stability or not of thelisted home appliance manufacturing companies have gradually becomedirection indicators of the sustained and steady development of nationaleconomy. Therefore, the establishment of an effective controlled model offinancial risk has important theoretical and practical significance, whichevaluates the financial situation of home appliance manufacturingindustry in China, identify problems and take timely and effective riskmeasures of prevention and control.Firstly, we elaborates the theories of financial risk control with theview of the theory of internal control and risk management, expoundesthe specific forms and forming reasons of financial risk of the listed homeappliance manufacturing companies, discusses the status and existingproblems of the control and management of financial risk of the listedhome appliance manufacturing companies based on the induction andsummarization of the existing research results. Secondly, we use theZ-score model as the controlled model of financial risk of this paper based on analysis and compare the controlled modesl of financial risk.Next, We choose25financial indicators from the debt paying capacity,operational capacity, earning capacity,development capacity,and cashflowing capacity,and apply the method of principal component analysis.By using the software SPSS17.0, we screening and verify detailedly thefnancial data of30listed home appliance manufacturing companies,establish a controlled Z-score model of financial risk of the listed homeappliance manufacturing companies of our country, and verify theeffectiveness of this model. Finally, we put forward measures forpreventing and controlling the financial risk of the listed home appliancemanufacturing companies of our country.