| In the era of "Internet +",big data and artificial intelligence,software and information technology service industry has become the core strength of China's social economic transformation and technological development,and has been highly valued by the state.In order to promote the development of the industry,China has introduced a series of supporting policies,involving intellectual property rights,tax relief and import and export preferences.In recent years,although China's software and information technology services industry has been greatly improved in terms of the number of enterprises,innovation ability,etc.,the problems of small scale,short life cycle,risk prevention and weak risk management ability still exist.Therefore,many enterprises choose to list on GEM.The financing channels of enterprises have been widened and the financing problems have been solved.At the same time,the development of enterprises is also affected by the efficiency of capital market operation,and the possibility of financial risks faced by enterprises increases.With the aggravation of market competition,the financial risk of software and information technology service enterprises in the GEM market has become increasingly prominent.The first part of this paper introduces the background and significance of the topic,and analyzes the current situation of financial risk assessment of listed companies at home and abroad.Secondly,based on the relevant theoretical knowledge of financial risk assessment of listed companies,combined with the financial characteristics of software and information technology service enterprises listed on the gem,this paper analyzes the financial risk assessment of software and information technology service enterprises This paper defines the basis and related concepts,and analyzes the causes of the financial risks of software and information technology service enterprises.Then,it constructs the financial risk evaluation index system around the six aspects of the solvency,profitability and development ability ofthe enterprises,and takes 99 software and information technology service enterprises listed on the gem as the research object,using the principal component analysis Method: To evaluate and analyze the financial risk of the enterprise in 2018,and to grade the financial risk of the enterprise with the method of system cluster analysis.The results show that the influence degree of profit risk factors,debt repayment risk factors,cash flow risk factors,operation risk factors and R & D risk factors on comprehensive financial risk is 38.8%,24.6%,16.7%,12.2% and 7.8%,respectively.Profit risk factors are the most important factors affecting comprehensive financial risk,and high profit risk,high R & D risk and difficulty in collection of accounts receivable are the causes of comprehensive financial risk of the company The main reason of high business risk.Finally,combined with the current business characteristics and actual situation of Listed Companies in software and information technology services industry,this paper puts forward effective solutions to the ubiquitous financial risks. |
