The Research On Promotion Of Capabilities Of Enterprise Risk Management In Corporate Based On Financial Crisis

Global financial crisis caused by the U.S. subprime mortgage crisis has enormous impact to the global economy. Because of the industry relevance, Chinese enterprises lost a lot of money as well. Though the specific reasons for financial loss of enterprises are different, the common one is the defects in risk management. In order to have in-depth analysis on the reason of investment losses from the risk management aspects, the paper makes some cases study. Based on the further identification of the key factors of the fulfillment of enterprise risk management, the paper puts forward a series of exploring measures which aim at enhancing enterprise risk management capabilities and efficiency.According to the different investments, based on the selects cases from the following aspects, which are investment of commercial banks in subprime mortgage debts, overseas investment by Qualified Domestic Institutional Investors, overseas acquisition by financial institutions, and enterprise's investment in financial derivatives, the paper makes in-depth issues-oriented analysis to explore the failure of enterprise risk management by inductive reasoning. After comparing the risk management frameworks that have strong influence, Including Enterprise Risk Management -- Integrated Framework issued by COSO Committee, Combined Code on Corporate Governance of Federation of European Risk Management, Central Enterprise Risk Management Guidelines of State-owned Assets Supervision and Administration Commission,analyzing the investigation result simplemented by Pricewaterhouse- Coopers and Deloitte, the paper summarizes the key factors which impact the capacity of enterprise risk management. Finally, the paper puts forward a series of enterprise risk strategies to improve the capabilities of enterprise risk management, which are creating a favorable internal environment to achieve business goals; enhanceing identification and assessment capabilities of enterprise risk management; improving response and control activities of enterprise risk management; ensuring Information and communication timely and smoothly, training the employees and establishing monitoring mechanisms, etc.The value of this paper is to raise, analyze the questions through cases of enterprise risk management, and to find the measures to enhancing the capability of enterprise risk management. However, due to the author's capacity constraints, the depth of the cases's refining and induction still needs to be improved.