Study On The Causes And Risk Prevention Of Overdue Commercial Acceptance Bills

With the continuous development and improvement of the capital market,the bill market has gradually become an important part of China’s financial market,and the acceptance of commercial acceptance bills in the capital market has also been continuously improved.However,in recent years,the events of commercial acceptance bill overdue have frequently occurred.It not only affects the business operation of the company,affects the entire industrial chain,but also restricts the healthy development of the commercial ticket market in China.The identification and prevention of bill risks are particularly important.This article takes Shaanxi J&R Optimum Energy Co.,Ltd.as a typical case,using the theory of bill semantics,industry life cycle theory,and the comprehensive management theory of bill assets and liabilities,to comprehensively study the operating situation of J&R and analyze the overdue reasons.With the help of SPSS software,the financial data indicators that can represent the four dimensions of the company’s financial situation are selected.Using 29 listed power battery companies nationwide as a sample,financial index analysis models are constructed,factor analysis is performed,and financial risks before the bills’ overdue are evaluated.The study found that J&R can face high financial risks,and there are major problems in corporate profitability,solvency,operating ability and cash flow creation ability,and the occurrence of overdue events are not accidental.Constrained by the four external environmental factors of policy orientation,industry environment,upstream and downstream enterprises and financial institutions,as well as internal behavioral factors such as financing behavior,operating model and growth control,it has led to the outbreak of J&R’s financial risks,which has triggered the corporate capital chain was broken,causing commercial acceptance bills to overdue.This article believes that enterprises should build a risk management system of commercial acceptance bill to reduce the possibility of corporate risks;credit rating agencies should promote the establishment of a bill rating system to strengthen the commercialization and transparency of commercial acceptance bill;financial institutions should actively focus on industrial needs,Innovate financial products,and do a good job of increasing credit and early warning of commercial acceptance bill.Based on the analysis of the reasons of the overdue of J&R’s commercial acceptance bills,this paper proposes corresponding risk prevention measures.It is hoped that the enterprises and related institutions involved in the business of commercial acceptance bill can learn from it,effectively control the risk of commercial acceptance bill,and promote the healthy development of the commercial acceptance bill market.