Research On Financial Risk Control Of Zhuzhou City Development Group Based On Efficacy Coefficient Method

In the 90 s of last century,in order to deal with the global economic crisis and solve the problem of regional coordinated development,the financing platform of local government came into being.The local government financing platform plays a vital role in stimulating the growth of domestic demand and stabilizing the trend of economic development.However,with the gradual expansion of the local debt scale,the financial risk of the local government financing platform has become more and more serious.How to control the financial risk of the local government financing platform has become the focus of attention of many scholars.The research object of this paper is Zhuzhou city development group,which is the largest local government financing platform in Zhuzhou.It is urgent to establish a reasonable and scientific financial risk early warning system to effectively manage and control the risk level of enterprises.The research process of this paper is divided into two parts:qualitative research and quantitative research.In the qualitative research part,based on the experience of practice activities,combined with the practical problems found in the process of financial management,we analyze the financial level of enterprises.The quantitative research part is divided into two parts:the level analysis and the early warning analysis of the financial risk under the efficiency coefficient method.The level analysis is to reflect the financial situation of the enterprise and the overall financial risk through the analysis of the basic index and the revised index under the efficiency coefficient method.The specific process is to first establish a basic evaluation index system of basic indicators within the scope of the financial level and overall risk evaluation,followed by adding the evaluation index and the two correction method,correction evaluation and Analysis on the financial level and risk,to obtain a more comprehensive financial evaluation results.The part of early warning analysis is based on a more scientific mathematical model,and can achieve a multi-level evaluation method to reflect the level of financial risk.The specific step is to determine the index weight through building the judgement matrix,then calculate the risk efficiency coefficient of the enterprise,and finally determine the financial risk level of all levels according to the early warning limit.The countermeasures and suggestions,according to the specific performance of the financial risk in the analysis results,put forward the countermeasures and suggestions for the enterprise to control the financial risk.The innovation of this paper is to study the financial risk by using both the level analysis and the early warning analysis.The level analysis can judge the financial situation at all levels and reflect the overall risk level of the enterprise.Early warning analysis can not reflect the level of financial level as the level analysis,but the early warning analysis can more fully reflect the levels of risk level.Combining the two methods,it can help enterprises to realize more scientific management and supervision of the financial situation and risk level.