Research On The Financial Risks Of Hang Seng Electronic Financializatio

In recent years,the phenomenon of financialization of real enterprises has been concerned by the society.The development of real economy continues to be sluggish,and a large amount of capital has poured into finance,real estate enterprises and other industries,occupying the share of real investment.Real enterprises are more willing to invest in finance to seek quick money,and the problem of "turning from real to virtual" has become increasingly prominent.On the one hand,financial investment can regulate capital liquidity to some extent and help enterprises to ease financing constraints.On the other hand,the financialization behavior of enterprises will inhibit the R&D and innovation of enterprises,crowd out the main business,expand financial leverage,and increase the financial risk of enterprises.This thesis,by referring to data,sorts out relevant literature on financialization of entity enterprises,and selects Hundsun Electronics,an information technology enterprise,as the research object of financialization of entity enterprises.Based on the annual report data of Hundsun Electronics from 2011 to 2021,the financial risk indicators with abnormal performance in the process of financialization are identified and classified according to financing risk,investment risk,capital operation risk and development risk,and the impact of their economic consequences and financial risks are analyzed.By constructing a scientific financial risk evaluation system,16 financial risk evaluation indexes of 4 dimensions are screened,and the weight of financial risk index of Hang Seng electronic financialization is calculated by AHP-entropy weight group method.Then the efficiency coefficient method is used to calculate the risk evaluation score and judge the financial risk grade of enterprises under different financialization degrees.Finally,the impact results are evaluated.Put forward constructive opinions on the financial risk control of Hang Seng electronic financialization,help enterprises to analyze the financial risk situation in the course of financialization,and prevent enterprises from developing "from real to virtual".This thesis studies the financial statements and related data of the development period of Hang Seng e-financialization from 2011 to 2021,and uses AHPs-entropy weight method and efficacy coefficient method to construct the financial risk evaluation system.Through calculation,it can be concluded that the period from 2011 to 2013 is the initial period of Hang Seng e-financialization.Their financial risk evaluation scores were 0.89,0.80 and 0.87,respectively,and their risk grades were excellent(A),good(B)and excellent(A),and they were in a state of low risk.2014-2018 is the period of excessive financialization of Hundsun Electronics,and its financial risk evaluation scores are 0.64,0.63,0.34,0.51 and 0.50,respectively.The risk grade is medium(C),medium(C),poor(E),medium(C),medium(C),medium(c),and medium(c).The risk is relatively large,and some years even have financial crisis.2019-2021 is the balance period of Hang Seng electronic financialization,and its financial risk evaluation scores are 0.72,0.55 and 0.58,respectively.The risk grade is good(B),medium(C)and medium(C).After enterprises moderately reduce financial investment,the risk grade is improved,but the subsequent risk control performance is not good due to the influence of multiple factors such as epidemic and war.Therefore,the conclusion of this thesis is that excessive financialization aggravates corporate financial risks,and appropriate financialization can help enterprises prevent risks to a certain extent.Combined with the above economic consequences and other studies,this thesis also put forward the financial risk of Hang Seng electronic financialization financing risk,investment risk,capital operation risk,development risk and national policy perspective of the control measures.It is found that this method is practical for the study of financialization of entity enterprises.It can not only analyze the most important indicators that can affect financial risk,but also directly help individual enterprises to build financial risk early warning model,which is convenient to help enterprises identify the degree of financialization and financial risk level in the future.It is hoped that this study can provide reference experience for enterprises when making financial investment,and at the same time provide new ideas for identifying the "real economy from real to virtual" financial risk warning research and the financialization of enterprise research.