Font Size: a A A

Research On The Risk Identification And Prevention Of Oriental Landscape Capital Chain Fracture

Posted on:2021-01-14Degree:MasterType:Thesis
Country:ChinaCandidate:S J HaoFull Text:PDF
GTID:2439330605957607Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years,more and more listed companies have closed and delisted due to broken capital chains,which has attracted widespread attention from investors.The capital chain refers to the "cash-asset-valueadded" circulation chain formed by the enterprise to maintain normal production and operation activities.It is a key factor for the enterprise to achieve sustainable development.Problems in any part of the capital chain may cause the entire capital chain to break,which will cause a series of butterfly effects.In some cases,companies face special risks of delisting,and the interests of creditors and shareholders are harmed.In other cases,an economic crisis erupts in the society and the overall industry situation is sluggish,which adversely affects the country's financial and economic security.Therefore,the research on the related content of the capital chain has very important practical significance,especially for the enterprises with the problem of the capital chain,to identify the risk of the capital chain break in advance and propose related preventive measures to avoid the recurrence of such incidents Important initiative.2019 is a very challenging year for Orient Landscape.It was revealed that frozen assets,layoffs,and arrears of wages.Executives resigned successively and frequently received letters of attention from the Shenzhen Stock Exchange.Nowadays,it is difficult to save itself from the dilemma of the capital chain.To get rid of the crisis completely,Orient Landscape have a long way to go.It is of great practical significance to conduct indepth research on the problem of the suspected break in the capital chain of Orient Landscape,and to raise vigilance and achieve sustainable development for similar enterprises in the capital market.For this reason,this article takes Orient Landscape as the research object and based on the actual development of the company as the basis.Through in-depth analysis of the operating conditions of its capital chain,it explores whether it has a risk of breaking in the capital chain.First,the basic situation and development history of the case company is introduced.After that,it starts from the three links of the input chain,the operation chain and the return chain.It analyzes and discusses the problems faced by the company's capital chain,and uses the Z-score model to analyze the Orient Landscape The risks faced are identified,and the five main factors that cause the company's capital chain to break the risk are: excessive expansion speed,delayed payment progress,single financing mode,low level of project management informatization,and poor external risk management.Although the risk of breakage of the capital chain cannot be completely eliminated,targeted improvement measures can increase the company's awareness of risk prevention and reduce the risk of breakage.Therefore,in order to finally address the problems exposed by Orient Landscape,this article systematically puts forward a number of perspectives from changing investment strategies,improving corporate financing capabilities,strengthening project information management,reducing the risk of capital withdrawal,and improving the ability to respond to external risks The suggestions for optimizing the operation of the capital chain can,to a certain extent,effectively help the enterprise to prevent the capital chain from breaking and avoid the delisting crisis.At the same time,it also provides a certain reference for other enterprises.
Keywords/Search Tags:Orient Landscape, Risk of capital chain breakage, Risk identification, prevention
PDF Full Text Request
Related items