Research On Financial Risk Management Of Private Colleges And Universities In China

Private colleges and universities are a new model of running schools after the reform of China's educational system.Whether in scale or quantity,private universities have become an indispensable and important branch of China's higher education system.The Chinese culture and economy are developing rapidly,and the age of the age is expanding.Under this background,private colleges and universities continue to expand the enrollment scale and accelerate the construction of the school infrastructure,in order to seek the leap development of the school.But at the same time,many risks emerge with the pursuit of leaping development of private universities.In many private universities,financial risk is one of the most important risks.The expansion of enrollment scale and the construction of infrastructure need huge input of manpower and material resources.Where does this large amount of funds come from? How to make rational use of the funds obtained?This is related to the healthy development of private colleges and universities,and it is also a subject that needs to be studied.At present,China does not have relevant laws to stipulate the source and use of educational funds for private colleges and universities.The financing and use of private colleges and universities are fully autonomous arrangements,which also makes the financial management of private colleges and universities not standardized,which has also led to a large number of financial risk problems hidden in private colleges and universities.On the other hand,the managers of private colleges and universities are generally not aware of financial risk,and the awareness of risk prevention and management is weak.Therefore,most private colleges and universities have not formed the system of financial risk prevention and management,or the risk management system is only on the surface,and the ability to deal with financial risks is not satisfactory.On the basis of the existing research,this paper makes an in-depthanalysis of the forms and reasons of the financial risk of private colleges and universities.At present,there are three main forms of financial risk in private colleges and universities in China: financing risk,investment risk,and capital recovery risk.The main reasons for these risks are the following four: excessive or bad debt raising;the risk awareness of the financial managers is weak;the school property rights are not clear;the source situation is unstable.In addition to the analysis of the general financial risks of private colleges and universities in China,the A school is also taken as an example to carry out an empirical analysis.The A school is a private university in Wuhan.After explaining the basic situation and financial situation of the A school,the problems existing in the financial risk management of the A school are found out: the financial personnel allocation is not perfect;The risk awareness of managers is not strong,the budget accounts system is not in place,and the relationship between property rights is not in place.In the endsome reasonable suggestions are put forward: establishing the evaluation system of financial indicators of private colleges and universities,improving the internal governance structure,strengthening the management of loan funds,improving the management quality of private financial personnel,improving the supporting policies of private colleges and universities,optimizing the financing environment of private colleges and universities,and increasing the private colleges and universities.Supervision of the scale of debt management.