Case Study On Capital Liquidity Risk Prevention And Control Of State-owned Enterprises

In 2017,Le Eco Group defaulted on payments to suppliers due to liquidity risk,which caused quite a stir in the capital market.Similarly,Baoqianli’s excessive investment led to a shortage of liquidity,and its subsidiaries were heavily indebted.From the bankruptcy of Lehman Brothers in foreign countries,to the collapse of giant groups in China,and to the recent collapse of capital giants in the capital market by capital liquidity risk,more and more enterprise managers have realized the importance of capital liquidity in corporate governance.State-owned enterprises are the "national team" of market economy development,and it is a required course for the steady development of state-owned enterprises to effectively identify and deal with capital liquidity risks.Based on the review of domestic and foreign research results on capital liquidity risk,this thesis uses the theory of capital management and modern enterprise governance theory,and adopts the research method combining normative analysis and case analysis to carry out research on the prevention and control of capital liquidity risk of state-owned enterprises.The research content includes three parts: The first part is a theoretical introduction,combing and summarizing domestic and foreign literatures related to corporate liquidity risk.The second part is a case study,which mainly introduces the measures and systems adopted by D state-owned enterprise for capital flow risk prevention and control,and evaluates the prevention and control effects.The third part puts forward countermeasures,including systematic analysis of factors affecting capital liquidity risk,improvement of capital liquidity risk prevention and control system and strengthening of external supervision.Through the research on the risk prevention and control of state-owned enterprises’ capital flow,this thesis draws certain viewpoints and conclusions: the capital flow management of state-owned enterprises generally exists such problems as high asset-liability ratio,low efficiency of capital management,lack of flexibility of the system,which makes state-owned enterprises face higher capital flow risk.Using scientific capital liquidity risk analysis method,scientific analysis of capital liquidity risk factors,improve the capital liquidity risk prevention and control system,strengthen state-owned capital,build a new pattern of socialist market economy development.