" capital chain " refers to the debtor-creditor relationship between several microeconomy entities in the social economic system. In recent years, the fracture of" capital chain " becomes the immediate cause to lead bankrupt. The target of the article is to analyze its reason and put forward the precautionary measures to avoid the ruptures.According to the forming reasons, the types of capital chain rupture can be divided into six: The stock increasing type, the value foam type, the capital operation type, commission financing type, capital sponsion type and affiliated parts occupies type. The reasons of capital chain rupture mainly include the following: the non-complete internal control, the lack of funds, the blindly expanding, the out-of-balance power balancing system, the violation operation to obtain illegal fund, etc. No matter which kind of reason it is, capital chain rupture might lead the extinctions of enterprises. To strengthen financial risk control is the internal measures to take precautions against the capital chain rupture. Controlling financial risk should meet five major requirements: safety, appreciation, smooth, speed and cash. They should utilizes EVA to keep the balance among business activities and ensure the balance of the whole cash flow.To establish the power balancing system is the external method. The organization stockholder positivism derived from America has surmounted the national boundaries and different legal restriction and change the traditional corporation management mode in the world. Through participate the company businesses, organization shareholders not only strengthen supervision mechanism, but also weaken the power of surging group in enterprise. The activity of the organization shareholder play a critical role in relieving the unbalanced power distributes.To avoid the " capital chain " ruptures, it is one of the effective measures for enterprises to optimize the process chains , raise the operation efficiency and build a good financial environment through identifying the core business process and abandoning the non-value-added business activities.In order to prevent capital chain rupture, it is necessary to combine the internal control the external monitoring and cooperate precautionary measures... |