A Study On Financial Risk Management Of Small And Medium-sized Enterprises

In recent years,many small and medium-sized enterprises spring up in the rapid development of economy.They even could be considered as the main force to propel the new economic upsurge in China.However,there are still some obstacles,from both internal and external,stand in the operating cycle and hinder the growth of small and medium-sized enterprises,especially financial risk,which could be a factor that threaten the survival of an enterprise,because it is an objective risk that exists in all links of the cash flow.The complete understanding and scientific management of financial risk is the basis for the stable development of small and medium-sized enterprises,therefore,it is very important to study and manage the financial risk that existing in the small and medium-sized enterprises.Based on the related theories of financial risk management and a concrete instance of J enterprise,the author analyzes financial risk that exists in the financing,investment,capital operation and income distribution process.At the end of the paper,the author puts forward some suggestions based on the current situation of the financial risk management prevailing in the J enterprises.This paper is composed of five chapters:The first chapter is the introduction,which describes the research background,research methods,research content and research status at domestic and abroad.The second chapter introduces the theory of financial risk management of small and medium-sized enterprises.The author mainly expounds the concept and characteristics of small and medium-sized enterprises,the meaning and characteristics of financial risk,and the meaning and principles of financial risk management.The third chapter is the case study on financial risk management of J enterprises.First,the author introduces the background of J small and medium-sized enterprises,and identifies the risk in the financing,investment,capital operation and profit distribution process by using method of financial indicators.Furthermore,the author uses AHP to establish the financial risk evaluation model and establish the financial risk factor comparison matrix.Finally,the paper arrives at some conclusion about the financial risk evaluation of J enterprises through the hierarchical single sort,hierarchy total ordering and consistency checking.The fourth chapter is some management measures to improve the J small and medium-sized enterprises financial risk.Firstly,the paper analyzes the current situation of the financial risk management of the enterprise,Secondly,this paper analyzes the problems existing in the financial risk management of the enterprise.Finally,based on the concrete condition of the enterprise,the paper puts forward the countermeasures to improve the financial risk management from the four aspects of capital flow,financing,investment,capital operation and income distribution.The fifth chapter is the conclusion and enlightenment.The author summarizes the points of the paper and expounds the enlightenment about the financial risk management in small and medium-sized enterprises.