The China National Petroleum Corporation Financial Risk Management And Evaluation

In recent years,with the increasingly fierce market competition and the increasing complexity of financial risk,because of the financial crisis,ST listed companies are more andmore in C hina.The occurrence of the financial crisis,not only impedes the survival and development of enterprises,but also implicated creditors,investors,and even the interests ofsociety.The financial crisis is a gradual process,can be avoided.The management of listed companies should understand the financial risks,so it is particular ly important to assess the financial risk of the listed companies.However,the existing financial risk instruments are still at a starting stage,the evaluation system is mostly based on the financial indicators,can not meet the financial risk assessment effectively.Therefore,Va R will be integrated into the traditional financial risk assessment system.First of all,the article describes the financial risk and financial risk management,Va R,quantile regression model,and the relevant theories of comparative analysis of all kinds of domestic and foreign existing evaluation system,based on this,puts forward his own point of view,and the choice of method in this paper.Secondly,this paper takes the petroleum group as the research object,analyzes the oil in the financial situation in recent years,selected the 10 representative financial indicators,respectively from the development ability,debt paying ability,operation ability and profit ability from four aspects to choose.Then,the article had been calculated according to the company in 2015,the yield of the value of the Va R.The actual meaning of the Va R value is explained.Then,the integrated Va R after financial risk assessment index system for factor analysis,it is concluded that the company financial risk of the composite scores.Composite scores can fully reflect the financial risk of listed companies,if the total score,the greater the is the company's financial situation,the better.Then the quantile regression analysis method was adopted,and see how the various financial indicators and the correlation of financial risk,and the size of the impact on the company's financial risk.Establishment of the financial risk measurement system based on Va R can estimate the finaneial risks more objectively.Finally,the paper analyzes the influence of the nature and institutional environment on the financial risk of the company.The new measurement system not only can resolve to guard against the financial risks of the public enterprise and can be valuable,but also for the investment decision-makers to avoid risks,formulate investment plans to provide a relatively simple and effeetive basis for decision-making.