Research On Financing Risk Management Of L Rael Estate Company

Real estate enterprises are capital-intensive enterprises,and the cycle of real estate development projects is long.Every operation link of development projects needs to have sufficient funds as security.Therefore,the importance of capital chain to real estate enterprises is self-evident.But with the rapid development of real estate economy in recent years,the development speed of our real estate economy is too overheated.In order to ensure the coordinated development of the market economy and promote the steady growth of the real estate economy,the government has issued a series of strict macro-control policies.The introduction of regulation and control policies has greatly increased the difficulty of external financing of real estate enterprises,increased the financing cost of real estate enterprises,and increased the financing risk of enterprises.Therefore,real estate enterprises must not only improve their own strength,but also actively expand financing channels and enhance financing ability,so as to cope with the challenges brought by regulation policies.The main content of this paper is to evaluate and study the financing risk of Company L.As one of the first real estate enterprises to develop,Company L has experienced the stage from awakening to rapid development of the real estate industry,which is a good representative.Firstly,this paper uses the literature research method to study the financing mode,financing risk identification and evaluation method and financing risk control of domestic and foreign real estate enterprises,analyzes the main characteristics and modes of financing of real estate enterprises,and studies the risk management theory,capital structure theory and priority financing theory and other financing risk management theories,which lays a solid theoretical foundation for the follow-up of this paper.Then,through the case analysis and financial statement analysis,L company is taken as the research object to introduce the basic situation of L company and analyze its financing situation,identify the financing risk of L company,and analyze the main causes of the financing risk of L company.Then,it focuses on the evaluation and research of L company’s financing risk,selects L company’s financial data from 2017 to 2021,selects relevant financial evaluation indicators objectively through grey correlation analysis method,and constructs an evaluation system combining analytic hierarchy process and efficacy coefficient method to evaluate L company’s financing risk.The results show that L company has been in a medium alert state from 2017 to 2021 and the value is relatively low in 2020.According to the above analysis results,this paper puts forward measures and suggestions for financing risk control,such as insight into macro policies,rational use of financing methods,optimization of financing structure,construction of financing risk early warning system,and finally draws conclusions and prospects.Based on this,through a combination of theory and practice for real estate enterprises effectively carry out financing risk management to provide some help,to financing channel single and financing difficulties of the real estate enterprises to provide a variety of reference,so as to improve the level of financing risk management,help the healthy and sustainable development of the real estate market in our country.