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1、The financial risk of small and medium-sized enterprises abstractarticle explains the meaning of financial risk, types and measurement, on the basis of the financial risk revealed the formation reasons and puts forward the financial risk management countermeasures. This Some countermeasures in some
2、extent could help small and medium-sized enterprise to carry on the reasonable financial risk decision to reduce the risks and improve management, improve the small and medium-sized enterprise efficiency.keywords financial risk,risk control,preventive measuresChapter1 The meaning of financial risks
3、and species1.1 The meaning of financial riskSince the 20th century, the understanding of risk since basically has the following kinds of ideas: (1) the risk is a kind of the possibility of loss or damage. This definition deeply discuss the risks and damage, emphasize the inner relation between the p
4、ossibility of damage; (2) the risk is the loss of uncertainty; (3) risk is actual results and expected results differences. In the United States small Arthur Williams and Richard Hans collaborative book, risk management and insurance, in his book, the risk is defined as in any given case and given p
5、eriod of time, that might happen the difference between the results. Difference is bigger, the greater the risk; Conversely, the smaller the difference, the risk is small. If there is a variety of results, then each results have its corresponding probability. If only a result, no risk at all. The ab
6、ove several views, the former two ideas are just will risk associated with loss, not with favorable aspects will risk associated. The risk for future performance in the economic field, the uncertainty of the result this uncertainty may be the loss of uncertainty, also may be bussiness realizes the i
7、ncome uncertainty, might also be obtained the possibility of stronger-than-expected earnings. Therefore, the risk is not only means loss, but losses and value community. Risk usually refers to the actual situation deviation anticipated goal against time or possibility, learn the possibility of loss.
8、 From the perspective of financial risk, the risk is enterprise in various financial activities, because all sorts of difficult to expect or cant control factors, make enterprises actual profit and expectations had happened deviation, thus suffering from economic say possibility.1.2 The kinds of fin
9、ancial risk1. Raise fund risk. Fundraising risk is to show enterprise for financing activities and cause income uncertainty and expiration cannot pay principal and interest risk. The key lies in whether the fundraising risk timely to repay the principal and interests of fundraising risk funds high-l
10、ow discriminant main basis enterprise solvency index.2. Investment risk. Investment risk refers to enterprises in the investment activities, affected by various uncertain factors, can receive back on schedule and cost of capital, and compensation can achieve the expected investment reward risk. In t
11、he investment process, if investment decisions not science, small and medium-sized enterprises investment development speed is not suitable for, will affect the enterprise profit and solvency, and produce the financial risk.3. Cash flow risk. Cash flow risk is to show enterprise production and manag
12、ement process cash outflows and shed in time of asymmetry. Small and medium-sized enterprises greatly influenced by the economic environment due to its financing ability, the use of fund is weak, the lack of advanced and tied and effective management and other factors, it is easy to create cash flow
13、 risk.4. Capital recovery at risk. Capital recycling risk refers to enterprise products can be successfully sold and payment in full of recover in time whether the risk of risk, its main in enterprise receivables and inventory project. Because our country planned economic system of accounting reason
14、s, some enterprise keen on credit, on one hand, high credit credit reflected high profits, on the other hand accounts receivable and increased enterprise assets, and receivables back, when can recover, but no attention. Income distribution risk is due to income distribution may give enterprise futur
15、e production and operating activities of the risks. Mainly displays in small and medium-sized enterprise solvency change, sme reproduction scale effect, etc.5. Foreign exchange risk. Foreign currency risk is to show enterprise in the import and export trade or other foreign exchange business activit
16、ies due to exchange rate fluctuation reasons expected benefits the risks. Enterprise exchange risk boundary county the following several aspects: due to the closing date and the actual business payments on foreign exchange settlement exchange rate fluctuation is the enterprise loss; In the foreign exchange accounts receivable due to lack of effective control, eager to trade caused part or all of foreign exchange accounts afterwards the risk of foreign exchange cann
