The-financial-risk-of-small-and-medium-sized-enter

Thefinancialriskofsmallandmedium-sizedenterprises[abstract]articleexplainsthemeaningoffinancialrisk,typesandmeasurement,onthebasisofthefinancialriskrevealedtheformationreasonsandputsforwardthefinancialriskmanagementcountermeasures.ThisSomecountermeasuresinsomeextentcouldhelpsmallandmedium-sizedenterprisetocarryonthereasonablefinancialriskdecisiontoreducetherisksandimprovemanagement,improvethesmallandmedium-sizedenterpriseefficiency.[keywords]financialrisk,riskcontrol,preventivemeasuresChapter1Themeaningoffinancialrisksandspecies1.1ThemeaningoffinancialriskSincethe20thcentury,theunderstandingofrisksincebasicallyhasthefollowingkindsofideas:(1)theriskisakindofthepossibilityoflossordamage.Thisdefinitiondeeplydiscusstherisksanddamage,emphasizetheinnerrelationbetweenthepossibilityofdamage;(2)theriskisthelossofuncertainty;(3)riskisactualresultsandexpectedresultsdifferences.IntheUnitedStatessmallArthurWilliamsandRichardHanscollaborativebook,riskmanagementandinsurance,inhisbook,theriskisdefinedasinanygivencaseandgivenperiodoftime,thatmighthappenthedifferencebetweentheresults.Differenceisbigger,thegreatertherisk;Conversely,thesmallerthedifference,theriskissmall.Ifthereisavarietyofresults,theneachresultshaveitscorrespondingprobability.Ifonlyaresult,noriskatall.Theaboveseveralviews,theformertwoideasarejustwillriskassociatedwithloss,notwithfavorableaspectswillriskassociated.Theriskforfutureperformanceintheeconomicfield,theuncertaintyoftheresultthisuncertaintymaybethelossofuncertainty,alsomaybebussinessrealizestheincomeuncertainty,mightalsobeobtainedthepossibilityofstronger-than-expectedearnings.Therefore,theriskisnotonlymeansloss,butlossesandvaluecommunity.Riskusuallyreferstotheactualsituationdeviationanticipatedgoalagainsttimeorpossibility,learnthepossibilityofloss.Fromtheperspectiveoffinancialrisk,theriskisenterpriseinvariousfinancialactivities,becauseallsortsofdifficulttoexpectorcan'tcontrolfactors,makeenterprise'sactualprofitandexpectationshadhappeneddeviation,thussufferingfromeconomicsaypossibility.1.2Thekindsoffinancialrisk1.Raisefundrisk.Fundraisingriskistoshowenterpriseforfinancingactivitiesandcauseincomeuncertaintyandexpirationcannotpayprincipalandinterestrisk.Thekeyliesinwhetherthefundraisingrisktimelytorepaytheprincipalandinterestsoffundraisingriskfundshigh-lowdiscriminantmainbasisenterprisesolvencyindex.2.Investmentrisk.Investmentriskreferstoenterprisesintheinvestmentactivities,affectedbyvariousuncertainfactors,canreceivebackonscheduleandcostofcapital,andcompensationcanachievetheexpectedinvestmentrewardrisk.Intheinvestmentprocess,ifinvestmentdecisionsnotscience,smallandmedium-sizedenterprisesinvestmentdevelopmentspeedisnotsuitablefor,willaffecttheenterpriseprofitandsolvency,andproducethefinancialrisk.3.Cashflowrisk.Cashflowriskistoshowenterpriseproductionandmanagementprocesscashoutflowsandshedintimeofasymmetry.Smallandmedium-sizedenterprisesgreatlyinfluencedbytheeconomicenvironmentduetoitsfinancingability,theuseoffundisweak,thelackofadvancedandtiedandeffectivemanagementandotherfactors,itiseasytocreatecashflowrisk.4.Capitalrecoveryatrisk.Capitalrecyclingriskreferstoenterpriseproductscanbesuccessfullysoldandpaymentinfullofrecoverintimewhethertheriskofrisk,itsmaininenterprisereceivablesandinventoryproject.Becauseourcountryplannedeconomicsystemofaccountingreasons,someenterprisekeenoncredit,ononehand,highcreditcreditreflectedhighprofits,ontheotherhandaccountsreceivableandincreasedenterpriseassets,andreceivablesback,whencanrecover,butnoattention.Incomedistributionriskisduetoincomedistributionmaygiveenterprisefutureproductionandoperatingactivitiesoftherisks.Mainlydisplaysinsmallandmedium-sizedenterprisesolvencychange,smereproductionscaleeffect,etc.5.Foreignexchangerisk.Foreigncurrencyriskistoshowenterpriseintheimportandexporttradeorotherforeignexchangebusinessactivitiesduetoexchangeratefluctuationreasonsexpectedbenefitstherisks.Enterpriseexchangeriskboundarycountythefollowingseveralaspects:duetotheclosingdateandtheactualbusinesspaymentsonforeignexchangesettlementexchangeratefluctuationistheenterpriseloss;Intheforeignexchangeaccountsreceivableduetolackofeffectivecontrol,eagertotradecausedpartorallofforeignexchangeaccountsafterwardstheriskofforeignexchangecannotberecovered,includingarepoliticalreasons,suchastheotherforeignexchangecontrol,wherewarfactors.BeforejoiningtheWTO.Enterpriseincreasinglyoutofthecountryandtheexchangerateriskfactorsalsomoreandmorebeforepresentedinenterprise.Chapter2Smesfinancialriskthecauseanalysis2.1TheexternalcausesoffinancialriskSmesfinancialactivityenvironmentincludingthepoliticalenvironment,economicenvironmentandfinancialmarketfactors,theyexistoutsideofbusinessenterprisefinancialactivitieshaveasignificantimpact.Ontheonehand,itforenterprise'ssmoothdevelopment,provideopportunitiesandmaybenecessarytoformtheexternallinksprovideeffectivefinancialchannel,suchasthefinancingchannelsandfavorableinvestmentprojects,etc.Ontheotherhand,externalfactorsofenterprisemanagementandagainproposedfinancialactiv