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Research On Financial Risk Control Of Asset-light Pig Breeding Enterprises Under Swine Fever Epidemic Situation

Posted on:2022-01-17Degree:MasterType:Thesis
Country:ChinaCandidate:J LeiFull Text:PDF
GTID:2493306494474394Subject:Master of Accounting
Abstract/Summary:PDF Full Text Request
In the current era of Internet new economy,the competition in all walks of life in China is becoming increasingly fierce.Many traditional industries are actively seeking a way out for transformation in order to avoid falling into the trough in the competition.At present,the disadvantages of the heavy asset operation mode are constantly prominent,which shackles the further development of enterprises.Therefore,in order to better adapt to the modern market economy system,breeding enterprises begin to try to transform to the light asset operation mode in order to develop.However,the asset-light mode is like a double-edged sword,and its impact on the traditional financial management system can not be ignored.The accompanying financial risks are likely to bring fatal blows to enterprises.This study takes the financial risk control of pig breeding as the entry point and combines with a specific public safety event--African swine fever to discuss what internal and external financial risks exist in asset-light pig breeding enterprises exposed by the impact of swine fever epidemic.How should companies deal with the financial impact of sudden events such as animal diseases?On the basis of combing the domestic and foreign literature,this study first define light assets,assets operation mode and the concept of financial risk,to the division of labor theory,the smile curve theory and value chain analysis model as the foundation,analyzes the transmission mechanism of the aquaculture enterprises financial risk to explore swine flu in the context of internal and external operating environment impact on asset light pig-breeding enterprise financial risk.Then,taking Wen’s shares as a specific case study,the financial situation of Wen’s shares before and after the swine fever epidemic was compared to analyze the financial risks and the causes of the risks under the impact of the swine fever epidemic,and conclude and evaluate the characteristics and size of the risks,so as to verify the correctness of the financial risk transmission mechanism.Finally,from three perspectives of financing,investment and operation,corresponding financial risk control measures were proposed for Wen’s family,and further in-depth study was made to sort out risk prevention and control countermeasures applicable to the whole pig breeding industry.The results of the study show that the swine fever epidemic,a specific public safety event,has an accelerated effect on the rotation of the pig cycle,and exposed the lack of supervision of the outsourcing link of the asset-light model,which has aggravated the instability of the entrusted breeding contract,and has The recovery of the production capacity of asset-light hog companies has a negative impact and shakes the financial soundness of the company.In the course of operation,companies can start from the three perspectives of financing,investment and operation,focusing on preventing and controlling the impact of internal and external operating environments on financial risks.The exploration of this research provides a new way for pig companies to optimize the existing light asset operation model,break through the development bottleneck,and provide theoretical support for the successful transformation of the pig breeding company to the light asset model.
Keywords/Search Tags:African swine fever, asset-light operations, pig breeding, financial risk
PDF Full Text Request
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