Research On Financing Risk Control Of High Tech Enterprises

The development of high-tech enterprises has always occupied an important position in China’s economic development,not only improving China’s economic strength,but also strengthening China’s comprehensive national strength.Due to the large initial investment,long return time,and higher risk of high-tech enterprises than traditional enterprises,financing risk control is particularly important.With the continuous changes in China’s financial environment and policies,the financing risks of high-tech enterprises have become increasingly prominent,which has seriously hindered the healthy and sustainable development of enterprises.Therefore,it is of great significance for the development of high-tech enterprises to quantitatively assess the financing risks of high-tech enterprises and put forward effective suggestions on this basis.This article has conducted research on reducing the financing risk of high-tech enterprises,and provided suggestions on optimizing the financing structure of enterprises while ensuring high-quality cash flow.This study has conducted a preliminary exploration on promoting the innovation of high-tech enterprises and further accelerating the pace of China towards an innovative country.This thesis selects the representative industry among high-tech enterprises-the computer software industry,and C Company,a typical high-tech enterprise,as a case study.After identifying the financing risks of Company C,a quantitative evaluation system for financing risks is constructed using the efficiency coefficient method,and improvement measures are proposed from the aspects of debt financing risks,equity financing risks,and financing risk control,supervision,and management,so as to effectively control the financing risks of Company C.At the same time,the study provides a reference for the financing risk control of high-tech enterprises in China,helping them strengthen prevention and control efforts,improve prevention and control awareness,and effectively control financing risks.This thesis first describes the theoretical basis for financing risk control,starting with the policy background of high-tech enterprise financing,introduces the current situation of high-tech enterprise financing risks,including the financing risks faced,causes,and channels.Then,starting with the supply and demand of funds and financing analysis,it identifies the financing risks of Company C,and then uses the efficiency coefficient method to quantify the financing risks of Company C,Based on the data from 2019 to 2021,the financing risk of Company C is comprehensively evaluated as medium financing risk.Finally,corresponding measures are proposed to address the financing risks of Company C.The research suggests that debt financing risks should be improved through debt scale,financing structure,debt maturity structure,and technical level;Equity financing risks are enhanced through refinancing,financing timing,securities market laws and regulations,and information disclosure quality;The supervision and management of financing risk control should be improved in terms of policies,financing advisory bodies,comprehensive information frameworks,and credit ratings.