Research On Financial Risk Evaluation And Control Of T Company Under Asset Light Mode

With the development of China’s market economy,the increasingly fierce competition among enterprises has led to a series of reforms on enterprise operation mode.Among them,the value driven asset light operation mode has attracted extensive attention.This new operation mode has the advantages of rapid expansion and rapid asset turnover,but it also brings a series of potential financial risks to enterprises.How to effectively carry out financial risk management has become one of the key concerns of asset light enterprises.This thesis selects T company as the research object.Firstly,it combs the relevant literature results,defines the relevant concepts,and describes the theoretical basis from four aspects: value chain theory,smile curve theory,capital structure theory and internal structure theory;Then,combined with the financial data of T company in recent five years,this thesis identifies the specific performance of financial risk under the asset light mode of T company from the three dimensions of financing,investment and operation,and makes a cause analysis;Then,combined with the relevant financial indicators of T company from 2016 to 2020,the financial risk evaluation index system is constructed,and the financial risk of T company is weighted and ranked with the help of entropy weight method TOPSIS method.The evaluation results show that the financial risk of T company has been deteriorating in recent years.If it is not vigilant and prevented in time,it may fall into a huge financial crisis.Finally,this thesis puts forward targeted financial risk control suggestions from the three levels of financing,investment and operation,including broadening financing channels,strengthening commercial credit financing management,formulating appropriate expansion strategy,selecting appropriate evaluation institutions and valuation methods,perfecting customer credit evaluation system,increasing product publicity and other measures,so as to improve the financial risk of T company.