Analysis Of The Contents Of Enterprise Financial Risk Management

< p > financial risk from the perspective of financial management is mainly shown as fundraising risk, investment risk, cash flow risk and joint financial risk.

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< p > first, < a href= "http://www.91se91.com/news/index_c.asp" > financing risk < /a >.

Because of the changes in the capital supply and demand market and the macroeconomic environment, the uncertainty of raising funds to the financial results is the risk of financing.

There are both macro and micro factors that affect corporate financing risk. Both subjective and objective factors are involved.

From a macro perspective, national fiscal policy, monetary policy and industrial policy have indirect effects on corporate financing behavior.

If the industrial policies of the country are different, all kinds of enterprises are different from the degree of protection and support of the state, so the cost of raising funds is different, and the risk of raising funds is different.

From a microcosmic perspective, the capital structure of corporate financing is the scale of liabilities, and the ratio of long term liabilities to short-term financing directly determines the size of financing risks, which is also the subjective behavior of enterprises.

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< p > Second, < a href= "http://www.91se91.com/news/index_c.asp" > investment risk < /a >.

Investment risk refers to the risk that the final income will deviate from the expected return because of the change of market demand after the enterprise invested a certain amount of capital.

The smaller the market return of investment deviates from the expected market return, the smaller the risk of investment.

Generally speaking, investment risk can be divided into systematic risk and non systematic risk. Systematic risk generally refers to the risk remaining after the risk of diversification of diversification is deducted. It is a part of risk that diversification of enterprises can not diversify, rather than systemic risk.

The investment risk is proportional to the investment income. The greater the investment risk, the higher the income, the smaller the risk, the lower the income.

If the risk degree is different and the opportunity to get the same investment profit rate, if the same, everyone will choose the small risk investment, in this field, the so-called "herd effect" will appear economically, and the enterprises go up and repeat the construction, the market of this product will soon oversupply, which leads to the decline in the rate of price and investment, and the risk is increasing gradually.

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< p > Third, < a href= "http://www.91se91.com/news/index_c.asp" > cash flow < /a > risk.

Cash flow risk refers to the financial difficulties arising from the different principles of sales realization when the company proceeds well.

Under accrual basis, a good profit does not mean that the sales have been received and the profits have been paid for.

Under such circumstances, if the debt scale is too large or the debt maturity structure is unreasonable, it is likely to result in a sharp decline in debt paying ability and a steep rise in payment pressure, which will lead to financial distress and serious damage to the image and reputation of the enterprise.

Businesses that fail to operate at home and abroad are not uncommon.

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< p > Fourth, joint financial risk.

Joint financial risk refers to the guarantee of an enterprise's economic contract for its own property for another enterprise, because another enterprise may not be able to fulfill the contract at that time, and the enterprise must bear joint and several liability in accordance with the law, thereby giving rise to the uncertainty of the future financial results of the enterprise.

The occurrence of such risks is common among enterprises and individuals.

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