基于资本运动理论的企业财务风险评价
发布时间：2018-09-05 06:59
【摘要】：在经济全球化的背景下，风险对于任何一个企业来说都是不可避免的。随着市场经济的不断发展，企业的数量和规模不断扩大，其面临的风险环境也越来越复杂。其中，财务风险是企业风险研究的关键。它不仅影响企业的筹资和投资活动，也影响着企业的正常运营。因此，企业加强对财务风险的研究，对于防范自身陷入财务困境或者破产有重要意义；同时，还有利于合理利用资源，实现资源优化配置。 资本是企业的灵魂，也是企业获得收益的源泉。本文以资本运动理论为基础，具体分析企业面临的财务风险。同时，通过企业面临的四大财务风险分析出企业应具备的偿债能力、盈利能力、营运能力和发展能力。再从我国财务分析的现状中找出不足，结合四大能力提出解决对策。主要内容如下: 1、分析资本运动理论，分解资本运动过程，根据资本运动过程的特点将企业财务风险分为企业债务筹资风险、资金投资风险、企业运营风险和利润分配风险。 2、详细了解企业偿债能力，通过评估企业偿债能力来衡量企业面临的筹资风险。具体地，偿债能力能最直观地反映企业筹资风险。 3、分析企业的盈利能力，衡量企业资金投资风险。盈利是每个企业的创办初衷，也是企业正常运行的关键，唯有能盈利的企业，，才能应对企业面临的投资风险。 4、研究企业营运能力，以此来评价企业营运风险。 5、通过研究企业发展能力来衡量企业的利润分配风险。如今，发展能力越来越成为企业保持利润收益的源泉，企业只有具有很强的发展能力才能适应市场经济的不断变化，在全球经济的动荡中存活下来，适应经济环境中的生存法则。 6、在上述四种财务风险的分析过程中，本文选用了2013年我国10个房地产企业的财务数据进行实证研究，以验证评价体系的实用性。 通过分析和验证，本文可以得出以下结论：企业的财务风险是一个动态循环过程，它渗透于资本运动的全过程。虽然我国企业开始重视财务风险，但并未出现关于企业财务风险叫全面和统一的评价标准，也未出现此类专业机构。所以，企业需要进一步加强自身财务风险研究，全面评估自身财务风险，以做到防范风险。
[Abstract]:Under the background of economic globalization, risk is inevitable for any enterprise. With the development of market economy, the number and scale of enterprises are expanding, and the risk environment is becoming more and more complex. Among them, financial risk is the key of enterprise risk research. It not only affects the financing and investment activities of enterprises, but also affects the normal operation of enterprises. Therefore, it is important for enterprises to strengthen the research on financial risk to prevent themselves from falling into financial distress or bankruptcy. At the same time, it is also conducive to the rational use of resources and the optimal allocation of resources. Capital is the soul of an enterprise and the source of its income. Based on the theory of capital movement, this paper analyzes the financial risks faced by enterprises. At the same time, through the four major financial risks faced by the enterprise, the paper analyzes the solvency, profitability, operation ability and development ability of the enterprise. From the current situation of financial analysis in China to find out the shortcomings, combined with the four major capabilities to put forward solutions. The main contents are as follows: 1. Analyze the theory of capital movement, decompose the process of capital movement, divide enterprise financial risk into enterprise debt financing risk and capital investment risk according to the characteristics of capital movement process. Operational risk and profit distribution risk. 2. Understand the solvency of the enterprise in detail and measure the financing risk of the enterprise by evaluating the ability to repay the debt. Specifically, the solvency can reflect the financing risk of the enterprise directly. 3. Analyze the profitability of the enterprise and measure the risk of the enterprise capital investment. Profit is the original intention of every enterprise, and it is also the key to the normal operation of the enterprise. Only the enterprise that can make profits can deal with the investment risk faced by the enterprise. To evaluate the risk of enterprise operation. 5. To measure the risk of profit distribution by studying the ability of enterprise development. Nowadays, the ability to develop is becoming a source of profit and profit for enterprises. Only when enterprises have a strong ability to develop can they adapt to the constant changes in the market economy and survive in the turmoil of the global economy. 6. In the process of analyzing the four kinds of financial risks mentioned above, this paper chooses the financial data of 10 real estate enterprises in 2013 for empirical research to verify the practicability of the evaluation system. Through analysis and verification, this paper can draw the following conclusions: the financial risk of enterprises is a dynamic cycle process, which permeates the whole process of capital movement. Although Chinese enterprises begin to attach importance to financial risk, there is no comprehensive and unified evaluation standard for financial risk, nor is there any such professional organization. Therefore, enterprises need to further strengthen their own financial risk research, comprehensive assessment of their own financial risks, in order to prevent risks.
【学位授予单位】：西华大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275
[Abstract]:Under the background of economic globalization, risk is inevitable for any enterprise. With the development of market economy, the number and scale of enterprises are expanding, and the risk environment is becoming more and more complex. Among them, financial risk is the key of enterprise risk research. It not only affects the financing and investment activities of enterprises, but also affects the normal operation of enterprises. Therefore, it is important for enterprises to strengthen the research on financial risk to prevent themselves from falling into financial distress or bankruptcy. At the same time, it is also conducive to the rational use of resources and the optimal allocation of resources. Capital is the soul of an enterprise and the source of its income. Based on the theory of capital movement, this paper analyzes the financial risks faced by enterprises. At the same time, through the four major financial risks faced by the enterprise, the paper analyzes the solvency, profitability, operation ability and development ability of the enterprise. From the current situation of financial analysis in China to find out the shortcomings, combined with the four major capabilities to put forward solutions. The main contents are as follows: 1. Analyze the theory of capital movement, decompose the process of capital movement, divide enterprise financial risk into enterprise debt financing risk and capital investment risk according to the characteristics of capital movement process. Operational risk and profit distribution risk. 2. Understand the solvency of the enterprise in detail and measure the financing risk of the enterprise by evaluating the ability to repay the debt. Specifically, the solvency can reflect the financing risk of the enterprise directly. 3. Analyze the profitability of the enterprise and measure the risk of the enterprise capital investment. Profit is the original intention of every enterprise, and it is also the key to the normal operation of the enterprise. Only the enterprise that can make profits can deal with the investment risk faced by the enterprise. To evaluate the risk of enterprise operation. 5. To measure the risk of profit distribution by studying the ability of enterprise development. Nowadays, the ability to develop is becoming a source of profit and profit for enterprises. Only when enterprises have a strong ability to develop can they adapt to the constant changes in the market economy and survive in the turmoil of the global economy. 6. In the process of analyzing the four kinds of financial risks mentioned above, this paper chooses the financial data of 10 real estate enterprises in 2013 for empirical research to verify the practicability of the evaluation system. Through analysis and verification, this paper can draw the following conclusions: the financial risk of enterprises is a dynamic cycle process, which permeates the whole process of capital movement. Although Chinese enterprises begin to attach importance to financial risk, there is no comprehensive and unified evaluation standard for financial risk, nor is there any such professional organization. Therefore, enterprises need to further strengthen their own financial risk research, comprehensive assessment of their own financial risks, in order to prevent risks.
【学位授予单位】：西华大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275
【参考文献】
相关期刊论文 前8条
1 刘红霞,韩Z
本文编号：2223532
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