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1、毕业论文外文翻译课题名称： 绿地房地产公司财务风险研究 院 系： 经济管理学院 专 业： 工商管理（金融企业管理方向） 姓 名： 指导教师： 二一五年十月十三日外文翻译专业：工商管理（金融企业管理方向） 班级：12级本科1班 作者 指导老师：On the real estate business and guard against financial risksPaper Keywords: Real Estate Enterprises Financial Risk PreventionAbstract: Since the 1990s, national housing policy ch
2、anges, the rapid development of Chinas real estate to make the face of increasingly fierce market competition, the real estate industry show high-risk, high-yield characteristics, how to effectively avoid and reduce financial risk, the real estate business survival and development are of vital impor
3、tance, so real estate companies should actively establish mechanisms for risk identification and avoidance mechanisms, through to prevention, to resolve the matter in such models, enhance their financial strength, enhance their competitiveness.First, The Definition Of Financial RiskNarrow funding re
4、fers only to the risk of financial risk, refers to the business caused by the borrowing of funds to repay maturing debt with the money funds the uncertainty, there is no financial risk of debt does not exist, while the broad sense of the financial risk is the risk as a business one, specific to ente
5、rprises in the production and management of campaign funds (including fund-raising, financing, investment and use of funds, etc.), due to internal and external environment and a variety of unpredictable or uncontrollable factors, but in time the actual financial income and the expected return deviat
6、ion occurs, thus the risk of loss of all it is the whole process of corporate financial activities and financial nature of the overall financial perspective to define the concept of financial risk in the market economy, all the financial risk throughout the enterprise financial aspects of a variety
7、of risk factors in corporate financial embodied from the perspective of financial risk early warning, corporate financial risk is not limited to risks arising from financing activities, improper investment activities, operating activities, distribution of activity could lead to companies facing the
8、same risk, therefore, this paper argues, reflects the broad financial risks of financial nature, can truly reflect the market economy, the relationship between corporate financial picture, such a definition is more scientific and rational.Second, The Real Estate Division Of Corporate Financial RiskT
9、he real estate industry is capital-intensive industries from the source of funds of financial risk, mainly financing risk, investment risk and the risk of capital return.(1 financing risks. Chinas real estate development whose main motivation is money-driven in current mode, real estate business gen
10、erally low proportion of own funds, mainly used to solve the problem of land costs, and for later development, it is more through a variety of financing instruments and pre-sales money recovered to be addressed, so the real estate business bank funds capital chain important part of many real estate
11、companies with high debt levels despite the high cost of capital and to bring due the risk of debt servicing can not be blind, large-scale mobilization of capital has brought greater financial risk, mainly features: large size of the debt, high interest rates caused by high financing costs. debt mat
12、urity structure is irrational, resulting in excessive concentration of debt maturity, or due to lack of funds or failure to timely complete the marketing plan which led to financial crisis In extreme cases, there is a risk of capital-strand breaks, thus creating a risk financing.(2 investment risk i
13、n the long development cycle of real estate, there are many uncertainties that business investment projects for development the success and economic efficiency of enterprises play a decisive role due to uncertain factors, leading real estate project can not achieve the expected benefits, thus affect
14、ing the profitability and solvency risk is investment risk. In reality, most too much emphasis on large real estate companies to raise funds on large projects, the pursuit of high-yield, real estate development and investment during the course of the neglect of the market and feasibility analysis an
15、d evaluation of projects, which were as follows: investment in technology can not line or not yet mature, market research is wrong, after the slow-moving market, behind; investment project planning is too large or too small, or the inability to control excessive expansion of the industry management, debt ratio is too high resulting in heavy debt burden, technology and market conditions occur changes in business investment projects leading to the actual income and the expected income difference is too large, etc., the time span and the breadth of space necessary for the future dev
