Enterprise Financial Risk Theory And Analysis Under Embedded Perspective

The paper is from the complexity points of economic activities to understand the sociological nature and behavior of the enterprise.The paper discusses how to establish enterprise financial risk on the base of the enterprise financial risk warning analysis,embeddedness theory and multilevel statistical model and the effects of analytical factors of industry environment.The paper analyzes the financial data from 2004 to 2015 of all listed companies that listed before 2004.It shows that the expenditure cooperation spends on the industry research and development,the interest rate from people's Bank and the support from the government have significant impact on enterprise financial risk warning value.Therefore,with enterprise risk management,we should not only consider the changes in the relevant financial indicators of enterprises,but also consider the changes in the environment in which enterprises are in.Chapter 1:Introduction.Briefly describes the background and significance of studying enterprise financial risks from the perspective of Embeddedness.The research idea is based on the enterprise's economic action which the capital movement recorded in the financial statements of the enterprise.Therefore,this paper bases on of foundational theories of financial risks and the essence and behavior of cooperation,combined with "embedded humanity theory" of the new economic sociology and the structuration theories from Anthony Giddens(Giddens A.).Theories of analyzing financial risk warning value of listed companies based on enterprise financial risk model,using multilevel statistical models.Chapter2:summarizes the development and history of enterprise financial risk theory,the theory and research status of new economic sociology on the nature of enterprise and enterprise behavior.Chapter3:Embedded Analysis on enterprise financial risks,focusing on Cognitive Embeddedness,cultural Embeddedness and political embeddedness.Selects the representative variables of different embeddedness,and establishes the research framework of the double embeddedness of the factors affecting the financial risk of enterprises.Summarizes the methods and approaches on how to identify the enterprise financial risks,to establish multilevel statistical model on enterprise financial risks.Chapter4:Selected,managed and carried out multilevel statistical model analysis on variable data.Analyze the statistical meanings of the result.Chapter5:Analysis and discussion on the economic significance basing on the result of model operation and the actual situation of China.