The Research On The Risk Control Of R&F Real Estate Capital Chain

The real estate industry is the pillar industry of our national economy,and it relates to the coverage of the industry is very wide,the real estate industry whether benign operation in relation to the development of the relevant industries in China,related to the improvement of social employment etc..But because the real estate industry is a capital intensive enterprise,the operation requires a lot of capital investment,coupled with the current system is not perfect,the financing of housing prices is difficult,slow capital turnover,inventory,let the real estate enterprise funds pressure,capital chain rupture risk.Once the capital chain breaks,then the interests of investors,banks and other credit institutions,creditors will be compromised,and even affect the entire macroeconomic.Therefore,in this context,the real estate enterprise capital chain risk still need to get attention,as housing prices in the capital chain risk and put forward reasonable suggestions is an urgent problem.This paper uses case analysis to reveal the hidden capital chain risk behind the development of case companies in order to provide reference for the prevention and control of capital chain risk of other enterprises in the same industry and the development of reasonable development strategies.The first part is introduction.The second part is the definition and theoretical basis,introduces the meaning of risk capital chain,the difference between the capital chain risk and financial risk and the real estate industry in China from the capital chain risk;cash holdings motivation theory,value chain management theory,capital circulation theory to provide a theoretical basis for this article;the third part is the analysis of present situation for our country the real estate listed companies capital chain risk.The fourth part introduces the basic situation of the case company and the basic situation of the actual controller,uses the revised Z scoring model to measure the capital chain risk of decimating real estate,and identifies the risk from the three stages of risk performance.The fifth part is the focus of the article,analysis of the causes of the risk of capital chain case company from macro policy level,meso level characteristics of real estate industry and the actual control of the angle of heterogeneity,The sixth part puts forward the measures to prevent the capital chain riskThe seventh part is the conclusion.