Research On Financial Risk Control Of Small And Medium-sized Enterprises Listed On The New OTC Market

The enterprise faces increases the probability of loss,often because enterprises in the business management process,through interference with uncertain characteristics of the events,so that the enterprise's r expectancy award and actual reward have an important difference.In this paper,most of the enterprises in the NEEQ Market are small and medium-sized high-tech enterprises,these enterprises in the industry life cycle have not yet reached a mature stage,and stay in the start-up or growth.However,small and medium-sized high-tech enterprises still exist a certain degree of sustainable management risk.Although in the field of technology,small and medium-sized high-tech enterprises have strong competitiveness,but due to the profit pattern of China's market economy status is not fully competitive and subjective,in the specific period,specific industries in small and medium-sized high-tech enterprises in the fast growth,undertake more severe operational risk and financial risk.At the same time,in the start-up period and the growth stage,the enterprise often need a lot of investment demand,the demand for funds is large,due to the risk aversion of the traditional financing way leads to high risk enterprises finance difficultly,which makes the small and medium-sized high-tech enterprises are in the early stages of development is difficult to maintain.By the end of 2013,the implementation of the NEEQ Market plan to expand the scope of the listing,extend to all companies in line with the conditions of the NEEQ Market,no longer limited the national high-tech zones.The financing advantages of the NEEQ Market listed enterprises included the low cost of listing,the listing time interval is short,allowing private placement,providing a new method of financing for small and medium-sized high-tech enterprises in the new strategy,which makes the small and medium-sized high-tech enterprises more favored the new board.But even if successful listing,due to the inherent nature of the start-up period,the enterprisesshowed the instability of operating results and the lack of standardizationwhile obtaining financing dividends,they have to face even more dangerous financial risks.Based on the analysis of the current status of financial risk,financial risk control problems of the NEEQ Market listed D enterprise in Yunnan Province,the paper finds the causes of the financial risk,and puts forward some countermeasures and suggestions.Combined with the basic theory of financial risk management,through the individual cases,the paper observes the common financial risk characteristics of NEEQ Market listed small and medium-sized high-tech enterprises,recognizes and analyses the same financial risk of the same type and industry of the NEEQ Market listed small and medium-sized hi-tech enterprises.Through the case analysis,the paper provides predictable concerns and useful methods for financial risk control.In this paper,the main research methods are comparative research methods and normative analysis,comparative research strive to achieve comparability,synchronization,with strong persuasion,normative analysis strive to be objective,easy to understand and accurate.