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论文编号：	13301
作者编号：	2320190696
上传时间：	2022/6/10 14:10:32
中文题目：	X公司财务风险管理研究
英文题目：	Research on Financial Risk Management of X Company
指导老师：	黄福广
中文关键字：	业务转型，财务风险，风险管理，风险识别
英文关键字：	Business Transformation, Financial Risk, Risk Management, Risk Identification
中文摘要：	随着经济全球化进程的不断推进，中国本土企业要参与全球化的市场竞争，面临的风险越来越多样和复杂，这就对企业的综合竞争实力提出了新的考验。财务风险管理水平影响着企业的现金流、盈利能力，成为了体现企业综合实力的重要组成部分。 本文中的案例X公司通过连续并购的方式，从矿石采选行业向航空业转型。其转型过程中，在财务风险管理方面遇到了很多新的亟待解决的问题，给企业带来不小的挑战。通过财务指标法、Z-score分析法进行定量的风险识别，对X公司财务风险现状进行分析，总结其近年来各类指标变动趋势，发现X公司自转型以来经营状况不佳，集团体量的不断扩张没有带来业绩的增长。X公司自收购境外子公司后，90%以上的营业收入、大额贷款以及投资都涉及到外币，经营、投资以及筹资活动都受到汇率波动的影响。因此，本文从经营、投资、筹资以及汇率四个维度逐一分析，当前X公司面临的主要财务风险也是以这四个维度进行识别和评价。为了区分外部市场环境对X公司财务风险的影响，本文将X公司与同行业可比公司的财务指标进行了对比，结果表明X公司的各方面指标较其他同行业公司是偏弱的。本文逐一评价各类财务风险表现并衡量其对X公司经营的影响，还指出了企业财务管理中存在的各类财务风险的影响因素。 针对X公司当前面临的主要财务风险，本文论述了X公司当前财务风险管理现状，从而指出其各类财务风险管理措施中存在的不足之处，并提出相应的改善建议。笔者认为X公司在业务转型过程中面临的财务风险是比较严峻的，需要对既有的财务风险管理方法进行升级。本文希望可以通过数据分析提高X公司对于自身财务风险状况的认识，提高其财务风险管理水平，以有效管理财务风险。
英文摘要：	With the continuous development of economic globalization, Chinese local enterprises are faced with more and more diversified and complex risks to participate in the global market competition, which puts forward a new test to the comprehensive competitive strength of enterprises.The level of financial risk management affects the cash flow and profitability of enterprises, and has become an important part of reflecting the comprehensive strength of enterprises. The case in this paper is X Company, which transforms from ore mining and selection industry to aviation industry by means of continuous mergers and acquisitions.In the process of its transformation, there are many new problems to be solved in financial risk management, which bring great challenge to enterprises.Through financial index method and Z-Score analysis method, quantitative risk identification is carried out, the current situation of X company's financial risk is analyzed, and the changing trend of various indicators in recent years is summarized. It is found that X Company has been in poor business conditions since its transformation, and the continuous expansion of group size has not brought about performance growth. After X Company acquired its overseas subsidiaries, more than 90% of its operating income, large loans and investment involved foreign currencies, and its operation, investment and financing activities were all affected by exchange rate fluctuations.Therefore, this paper analyzes the four dimensions of operation, investment, financing and exchange rate one by one. The main financial risks faced by X Company are also identified and evaluated based on these four dimensions.In order to distinguish the influence of external market environment on X company's financial risks, this paper compares X Company's financial indicators with comparable companies in the same industry, and the results show that X Company's indicators in all aspects are weaker than other companies in the same industry.This paper evaluates the performance of various financial risks one by one and measures their impact on X Company's operation. It also points out the influencing factors of various financial risks in enterprise financial management. In view of the main financial risks facing X Company, this paper discusses the current situation of X Company's financial risk management, points out the shortcomings of various financial risk management measures, and puts forward corresponding suggestions for improvement.The author believes that X Company faces serious financial risks in the process of business transformation and needs to upgrade the existing financial risk management methods.This paper hopes to improve X Company's understanding of its own financial risks through data analysis, improve its financial risk management level, and effectively manage financial risks.
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