Research On Mechanism And Control Of Enterprise's Financial Risk Conduction

In the process of organizing financial activities and dealing with financial relationships, enterprises would be in the state of uncertainty and easily suffer from financial risk. In the past 20 years, enterprise financial crisis indicates that enterprise's financial risks have characteristics of dynamic conductivity. In the internal financial management system of enterprise, a financial department risk is easy to conduct to other financial department which has direct or indirect interests with it. Within a financial relationships network which treat interest as tie, one of financial relationship will conduct financial risk to enterprise by the interest's chain. Therefore, the study on enterprise's financial risk conduction mechanism and control strategies have very important theoretical value and practical significant for improving the control theory of financial risk management, and for enhancing the level of enterprise financial risk management.This dissertation takes "basic theory of enterprise's financial risk conduction——the main composed elements of enterprise's financial risk conduction——forecasting for enterprise's financial risk conduction——comprehension evaluation for enterprise's financial risk conduction——control strategies of enterprise's financial risk conduction——case analysis of enterprise's financial risk conduction" as the study logical route. It sets up research framework by applying the systems theory, control theory,the theory of enterprise's financial risk management, risk conduction theory, integration with thermodynamics, pathology and other subject's knowledge. In addition to using normative research and theoretical analysis methods, this dissertation uses the standardized case study method and chooses the Delong Group and Shuixian Stock as cases to study the object. The whole research are as followings:Chapter 1 illustrates the research background, research purpose and research significance of enterprise's financial risk conduction. After deeply studying the domestic and foreign scholars' literature review on the financial risk conduction, the dissertation proposes the research contents, research methods and research thinking. Based on the definition and classification of enterprise's financial risk, Chapter 2 defines the concept and characteristics of enterprise's financial risk conduction, and classifies the enterprise's financial risk conduction. In the meantime, it explains the basic principals of enterprise's financial risk conduction, including time principal, direction principal and intensity principal. Chapter 3 analyzes the main composed elements of enterprise's financial risk conduction, such as the conduction path conduction carrier and effect of enterprise's financial risk conduction, which includs Butterfly effet,Domino effet,Broken-window effect and Coupling effect. Based on the machanism similar between the enterprise's financial risk conduction and other conduction phenomenon, Chapter 4 constructs time-dimension forecasting model, direction-dimension forecasting model and intensity-dimension forecasting model of enterprise's financial risk conduction. The 5th chapter establishes an evaluation index system of enterprise's financial risk conduction and builds a comprehensive evaluation model, which is called CF-AHP model. Guided by the principles on control strategies of enterprise's financial risk conduction, Chapter 6 constructs a T-D-I control model for enterprise's financial risk conduction, and raises a set of control strategies from time dimension, direction dimension and intensity dimension. The 7th Chapter chooses Delong Group and Shuixian Stock as cases to study their failure from the viewpoint of enterprise's financial risk conduction. Chapter 8 concludes the whole dissertation and proposes research prospect.