Research On Financial Risk Management Of Haier Group Under The Background Of Financial Sharing

In today’s economic and social development,in order to in the growing market competition pressure environment quickly achieve the development of the enterprise and the profit level of ascension,each group companies tend to be across the country set up branch offices,subsidiaries to expand the size of the enterprise management under the background of the globalization,enterprises are likely to occur mismanagement,costs and other issues.The emergence of these problems brings about the increase of financial risk of the enterprise.Excessive financial risks may lead to the breaking of the capital chain of the enterprise,or serious consequences such as the bankruptcy of the enterprise or even cheating the market.The control of financial risks is very important for the production and operation of the enterprise.The theory of financial sharing was introduced into China late,but in the past 20 years or so,the advantages brought by the mode of financial sharing were quickly accepted by domestic enterprises,which started to set up financial sharing service centers.Financial sharing can be seen as an industrial revolution in the financial world.In this context,it is necessary to study how to control the financial risk of enterprises.Haier group,as one of the leading domestic household appliances enterprises,implemented the financial sharing mode earlier in order to control the cost of enterprises,reduce financial risks,and transform financial accounting information into strategic support finance.The construction of its financial sharing service center is unique in the implementation of key points.Therefore,this paper adopts the case study method and takes haier group as the research object to study how haier carries out financial risk control under the background of financial sharing.Firstly,the paper explains the research background,significance and achievements of previous researches.Secondly,the concepts of financial sharing and financial risk involved in this paper,as well as the theoretical basis of the two are expounded.Secondly,the concepts of financial sharing and financial risk involved in this paper,as well as the theoretical basis of the two are expounded.Thirdly,it starts to make a specific analysis of haier,and points out the key points of haier’s risk control in financial sharing.Fourthly,the risk model is used to comprehensively measure the financial risk of haier from 2005 to 2018.Combining with specific financial ratio indicators,the existing risk points are found out and Suggestions for improvement are put forward.Finally,summarize haier’s financial risk management experience under the background of financial sharing,and find out the practices worth sharing with other enterprises.