Research On Financial Risk Evaluation Model Of Listed Companies In Manufacturing Industry

As a public womparry,the authenticity and accuracy of financial data disclosure of listed companies is directly related to the company's development prospects and investor decisions,The occurrence of financial risks is transmitted to business operations and directly relects the company's stock fluctuacions,so that related investment and decision-making will be affected Corresponding impact.Therefore,strentheing the research on financial risk of listed companies has important theoretical and practical significance.Based on the 2019 company's medium-term bond default event in the new materials industry in this paper,this paper conducts a comprchensive analysis of the company's operating and financial conditions,and uese quantiative analysis to establish a structural equation evaluation model.As a comprehensive indicator of latent variables,capacity,operating capacity,and market price ratio are used to study the finacial risk of Company k.In this evaluation index system,the influencecoefficients of solveney and profitability are large,respictively,indicating the importance of these two evaluation indicators to the construction of the moel.Between latent variables and corresponding explicit variabled,the path coefficients of most of the observed indicators are above 0.7.Among them,the impact coefficients of tutnover rate and cash ratio are large,indicating that in the development and construction of K Company,these aspects should be strengthened.work.It is also shoen from the actual work that the increase in the degree.of marketization.will have a greater impact on the overall performance of financial risk evaluation.In terms of the impact paths of various evaluation indicators on the latent variables,it can be seen that,among the factory of solvency,the cash flow ratio and the asset-liability ratio have the largest impact path value,indicating that in the financial risk management of Company K,the cash flow and The situation in terms of assets and liabilities.In terms of operating capacity,the high net asset turnover and market-to-sales ratio path values indicate that product sales and return on net assets have played a vital role in the company's growth.From the above analysis,the structural equation evaluation model has established a comprehensive scoring weight model by synthesizing the path coefficients of various indicators,which can be well evaluated in future financial risk evaluation and has certain practical applicability.On the other hand,through the path coefficients of the model,we can find some good practices and deficiencies in the marketization reform process of financial risk evaluation in recent years.