Research On Overall Financial Risk Management

With the development of global economic integration, the rapid change has taken place in the external environment condition of financial management of enterprises, financial risks that enterprises of our country face are more diversified and complicated; at the same time the financial risk strengthen the harmfulness degree that enterprises of our country cause day by day. This has already become an important difficult problem that enterprises have waited to solve very much. However, the study on financial risk management of our country is still at the starting stage; lack the total study of the financial risk. So carry on overall financial risk management study to enterprise since perfect enterprise management and administration inevitable to require, it is the inexorable trend of management theory development of the financial risk. The main purpose of overall financial risk management is to realize the maximization of enterprise's value with the minimum financial risk cost, the main means is to set up an overall and effective financial risk and take precautions against and control the system. Compared with traditional financial risk management, it has such characteristics as systematic ness, regulating, opening, continuation and dynamics oneself, etc. The overall financial risk management model is an operational system of precaution and control the financial risk, and it is structured on the basis of the origin cause of formation of the financial risk of abundant research and inherent characteristic. This model is based on the whole course financial risk management, is made up of early warning system, precautions system and feedback system mainly, that include omni-directional, whole procedure and overall enterprise financial risk management. Many kinds of basic methods are used in it.