Financing Risk Identification And Prevention Of Y Company

In recent years,with the development of science and technology,the development of China's economy has shifted from high-speed growth to low-speed growth,and the economic structure has changed,entering a "new normal." As for the coal industry,which is an important energy source for China's economic development,it also ended its golden period and began to enter a downturn.In the context of supply-side reform,the coal industry should seize the opportunity to integrate resources and transform and upgrade.This activity is inseparable from the support of funds.Financing has become an important factor in the success or failure of the enterprise transformation and healthy and stable development.Therefore,financing becomes At present,the key content of self-improvement of coal enterprises.However,due to the complexity of the external living environment of coal enterprises and the particularity of their own industries,they jointly determine that there are certain financing risks inevitably.Therefore,the management of financing risks should be strengthened.This paper will select the coal company Y company as the case company,based on the principal-agent theory,trade-off theory,management cybernetics and risk management theory to identify and prevent the financing risk of Y company.Firstly,through the internal control management,financing environment,financing channels,and capital occupied by important projects,the financing status of Y company is analyzed.Then the risk assessment model is used to evaluate the financing risks faced by Y company,and then the internal and external financing risks of Y company are caused.Conduct analysis,internal cause analysis from business management,fund management and talent management,external cause analysis from financial risks,market risks,environmental protection risks and policy risks,and finally propose to the Y company to prevent financing risks.The first part of this paper introduces the research background,research purpose and significance of the case study,and summarizes the related research at home and abroad.According to the risk management procedures,it summarizes the aspects of financing risk identification,financing risk and financing risk control.The second part defines the concept of financing risk,and introduces the related basic theories including principal-agent theory,trade-off theory,management cybernetics and risk management theory.The third part first explains the basic situation of Y company,and then analyzes the current situation of company financing from four aspects: internal control management,financing environment,financing channels and capital occupation of important projects.In the fourth part,based on the analysis of the third part,the F-score model is used to measure the financing risk.Then,based on the F-score model and the current situation analysis,the causes of the risk are analyzed,and the formation and management of the financing risk existing in Y company is found.Capital management,talent management,financial risks,market risks and policy risks are closely related.On the basis of the fourth part of the research,the fifth part proposes to Y company to optimize the financing risk.Through research,it is found that in the context of resource transformation,Y Company currently has a large financing demand.In order to rationally use funds and reduce risks,Y Company has set up settlement centers and financial companies to centrally manage funds,and has also expanded many financings.Channels,but there are still some problems:(1)internal control management is flawed;(2)financing structure needs to be optimized;(3)development strategy needs adjustment.At the same time,the external financial environment,market environment and policy environment also indirectly affect financing risks.These problems have brought a large financing risk to Y Company.In response to these problems,this paper proposes corresponding risk prevention measures.First,it should improve management level by strengthening internal control,and secondly,adjust financing structure to improve risk response capability.Then,by adjusting the development strategy to improve the market's ability to cope,it is also necessary to ensure the smooth progress of the project to improve the company's ability to create cash flow.It is hoped that these proposals can prevent the financing risks of Company Y.