The Research On Financial Risk Evaluation Of Listed Companies In Strategic Emerging Industries

Strategic emerging industries represent the development direction of new technological industries.It can promote future economic development and cultivate new momentum,also can access to new competitive advantages in the future.To occupy a place in today's globalization,we must accelerate the development of strategic emerging industries.However,these enterprises are more or less have different degrees of problems.Firstly,the ability of independent innovation is poor,and the external dependence is high.Secondly,the scale of the enterprise is small,the industry is scattered and the concentration is low.Therefore,both the enterprise and the investor's investment strategy should research the financial risk.Financial risk is one of the most important risk in the financial market,because not only can it reflect the values of listed companies of strategic emerging industries,but also can affect the stability of the securities market.Firstly,the paper reviews and summarizes the financial risk of listed companies in strategic emerging industries,then points out the present situation of China's strategic emerging industries and corporate financial risk assessment.Secondly,the paper expounds the concept of financial risk,the characteristics of strategic emerging industries,the financial risk and the related theories of financial risk.The following is about the research design and empirical research.The financial risk assessment system of strategic emerging industries listed companies is established by factor analysis method and catastrophe progression method.Ultimately,the paper builds four two indicators including profitability,debt paying ability,liquidity,R&D ability and thirteen level three indexes of strategic emerging industries listed company financial risk assessment index system.Again,the paper use the 304 strategic emerging industry listed companies as the sample data,the specific use of Qingdao Tgood Electric Co(300001)as an example demonstrates to analyze the financial risk,through the empirical research result shows that the model system has the maneuverability and practicability.Then,the comprehensive score of financial risk on the 304 companies ranking,the higher score means the higher ability of resisting financial risks.According to the empirical results,the paper choose the score ranking first and ranking last as the case to analysis.Finally,the paper puts forward some countermeasures to prevent the financial risks of the listed companies in strategic emerging industries.