Research On The Financial Risks Of Real Enterprises' Financializatio

At present,my country’s overall economy is showing a trend of "departing from the real to the virtual",and the degree of financialization of real enterprises is gradually deepening.,so many entity enterprises choose to enter the financial industry with higher profit margins to improve the income level of the enterprise.At this time,more real companies choose to invest in stocks and purchase wealth management products to increase corporate profits and increase their sources of income.However,changing the traditional physical investment and investing a lot in the financial field will also cause changes in corporate financial risks.This research selects Beijing Junzheng Group as the research object to explore the financial risks of corporate financialization.First of all,by analyzing the current situation and motivation of my country’s financialization as a whole,it can be seen that the degree of financialization of my country’s real enterprises is increasing year by year,and the proportion of real enterprises’ financial assets has increased significantly in recent years;The motivation and process of positive financialization,the study found that the main motivation of Beijing Junzheng’s financialization is that the company is facing a profit crisis,and financial investment has also helped the company to relieve the pressure in a short time;Risks were identified and analyzed,and Z-value analysis and F-value analysis were used to evaluate the financial risks caused by Beijing Junzheng’s financialization,and put forward management and control suggestions for Beijing Junzheng’s financial risks.Finally,based on the above The research concludes:(1)At present,on the whole,the degree of financialization of my country’s non-financial listed companies is still relatively low,but the degree of financialization has deepened rapidly in recent years,and corresponding attention should be paid to it.(2)Beijing Junzheng’s financial investment behavior has reduced corporate financing constraints in the early stage,eased corporate financial pressure,and reduced financial risks;but in the long run,because Beijing Junzheng is making a large number of financial investments,it attaches great importance to the main business Not enough,the proportion of R&D investment in the main business income has also been declining,which has brought an increase in corporate financial risks for a long time.Generally speaking,it is not conducive to the growth of the company.(3)Different degrees of corporate financialization have different impacts on corporate financial risks.The allocation of financial assets to a certain extent can reduce the financial risks of enterprises,but if the allocation of financial assets is too large,the degree of financialization of enterprises is too high,which will increase the financial risks of enterprises and affect the development of the main business.At the end of the article,it puts forward policy suggestions on the financial risk of my country’s real enterprises from different perspectives.In general,under the economic background of my country’s "departure from the real to the virtual",entity enterprises should still focus on their main business,enhance their core competitiveness,and always be vigilant against excessive financialization.