企业集团金融资源的风险管理研究

发布时间：2018-07-26 12:18

【摘要】：资金管理一直是企业管理的重要内容。随着企业国际化经营的发展,企业集团的资金管理也从传统的现金管理(收款、付款、结算等现金业务的管理)不断发展到更广泛的金融资源管理(涉及货币资金、有价证券、信贷资产、应收款项等金融资产;长短期借款、应付债券、应付款项、吸收存款、信用证、保函等金融负债;委托贷款、金融衍生品以及信用评级、银行关系、客户关系等影响融资成本和金融市场投资收益的资源管理)。因此,跨国企业集团陆续建立起自己的司库(treasury)组织和系统,承担金融资源管理的职能,而风险管理成为司库高级管理的重要职能之一。我国企业集团面临着变幻莫测的国际国内形势,金融资源的风险管理能力正接受着严峻的考验。一些企业集团开始建立司库组织或系统,开展金融资源风险管理的领先实践,有些企业集团虽然没有成立专门的组织,但也已在财务部设置专门职能,积极探索金融资源风险管理的内容和工具。文章在分析金融资源风险管理内涵的基础上,重点阐述了企业集团金融资源主要风险领域(市场风险、信用风险、操作风险)的产生与管理的重要性,分析了相应风险管理的组织定位,并介绍了各种风险防范的管理工具,其目的是为企业集团专业化、精细化管理金融资源风险提供支持。
[Abstract]:Fund management is the important content of enterprise management all the time. With the development of the enterprise's international operation, the capital management of the enterprise group also develops from the traditional cash management (cash business management, such as collection, payment, settlement and so on) to the broader financial resource management (involving currency funds, marketable securities, etc.). Credit assets, receivables and other financial assets; long-term and short-term loans, bonds payable, payables, deposits, letters of credit, guarantees and other financial liabilities; entrusted loans, financial derivatives, credit ratings, bank relations, Customer relationship and other impact on financing costs and financial market investment returns on resource management). Therefore, multinational enterprise groups have gradually established their own treasurer (treasury) organization and system to assume the function of financial resource management, and risk management has become one of the important functions of treasurer senior management. China's enterprise groups are facing unpredictable international and domestic situation, and the risk management ability of financial resources is undergoing a severe test. Some enterprise groups have started to set up treasurer organizations or systems to carry out the leading practice of financial resource risk management. Although some enterprise groups have not set up special organizations, they have also set up special functions in the finance department. Actively explore the content and tools of financial resource risk management. Based on the analysis of the connotation of financial resource risk management, this paper mainly expounds the importance of the emergence and management of the main risk areas (market risk, credit risk, operational risk) of the financial resources of enterprise groups. This paper analyzes the organizational orientation of the corresponding risk management, and introduces various management tools for risk prevention, the purpose of which is to provide support for the specialization of enterprise groups and the fine management of the risks of financial resources.
【作者单位】：中国人民大学商学院;
【分类号】：F275.1

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