Research On Financial Risk Management Of Construction Enterprise

At present,China ’s construction enterprises are facing many financial risks in the development process,such as unreasonable debt structure,insufficient profitability,and low asset operation efficiency,which directly affects the high-quality development of construction enterprises.Therefore,it is particularly important for the healthy development of construction enterprises to do a good job in financial risk management.This thesis studies the financial risk management of construction enterprises under the background of high-quality development of national economy.Based on this background,this thesis takes GS Construction Company as a case,and puts forward suggestions on financial risk management of construction enterprises through case study,so as to promote the high-quality development of construction enterprises.First of all,this thesis analyzes the current background of construction enterprises,including the impact of the current economic environment on construction enterprises and the necessity of financial risk management for construction enterprises.Secondly,this thesis combs the relevant theories and literatures,including the concept of financial risk,financial risk management theory,total cost management theory and so on.Thirdly,this thesis analyzes the current situation of financial risk management of construction enterprises,including the financial risk composition of construction enterprises and the financial risk management system of construction enterprises.Then,GS Construction Company is taken as a case to study the financial risk management.The basic situation and internal and external influencing factors of GS Construction Company are introduced,and the financial risk identification is carried out.In the financial risk evaluation,the fuzzy analytic hierarchy process is used.Through calculation and analysis,it can be concluded that the proportion of GS Construction Company ’s financial risk level from high to low is debt risk 46.8 %,operation risk 22.1 %,development risk 18.6 %,and profit risk 12.4 %.The overall financial risk level of GS Construction Company is between general and low.In view of the current financial risks faced by GS Construction Company,this thesis puts forward the financial risk prevention and control measures of GS Construction Company from four aspects : innovating financing channels,improving profitability,improving operation and management level,and improving financial risk early warning mechanism.Finally,combined with the case study results of GS Construction Company,this thesis puts forward financial risk management suggestions for construction enterprises from four aspects : scientifically formulating financing plans,strengthening comprehensive cost management,improving inventory management level,and improving enterprise financial risk management system.