代写范文

留学资讯

写作技巧

论文代写专题

服务承诺

资金托管
原创保证
实力保障
24小时客服
使命必达

51Due提供Essay,Paper,Report,Assignment等学科作业的代写与辅导,同时涵盖Personal Statement,转学申请等留学文书代写。

51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标

私人订制你的未来职场 世界名企,高端行业岗位等 在新的起点上实现更高水平的发展

积累工作经验
多元化文化交流
专业实操技能
建立人际资源圈

Financing risk

2018-10-10 来源: 51due教员组 类别: Essay范文

下面为大家整理一篇优秀的essay代写范文- Financing risk,供大家参考学习,这篇论文讨论了企业筹资风险。在一定的社会经济环境中,企业生产经营过程中面临的如宏观经济政策变化、生产效率下降以及诉讼纠纷等各种不确定的风险的存在有可能使得企业的资金周转发生困难,现金流量发生逆转,无法支付各种资金成本,这种可能性就是筹资风险。企业筹集到的全部资金按照其来源可分为从债权人那儿获得的债务资金和从股东那儿获得的权益资金,因此筹资风险也分为债务筹资风险和权益筹资风险。

Financing risk,企业筹资风险,essay代写,作业代写,代写

As the market subject, the enterprise must deal with the domestic and foreign competition pressure as well as the internal management pressure, faces various risks. In order to survive and develop in such a complex environment, it is inevitable to expand business scope and seek diversified development methods. Therefore, raising funds has become an indispensable link for enterprises. However, business operators and financial staff should correctly understand the financing risk of enterprises, including debt financing risk and equity financing risk, and take corresponding measures to prevent and avoid such risk.

In certain social economic environment, the enterprises face in the process of production and operation, such as macroeconomic policy changes, the enterprise new product development, production efficiency decreases, failure product unsalable, and the existence of the risk of lawsuits and other various uncertainty is likely to make the enterprise capital turnover difficult, cash flow reversal, unable to pay the cost of capital, the possibility is the financing risk.

The total funds raised by an enterprise can be divided into debt funds obtained from creditors and equity funds obtained from shareholders according to its source. Therefore, financing risks can be divided into debt financing risks and equity financing risks. Different from the equity financing method, if the enterprise adopts the debt financing method, it must assume the obligation of paying principal and interest on a regular basis. Regardless of the business performance of the enterprise, this fixed expenditure is inevitable. If a business is in a recession, it may be forced to liquidate or restructure because of insolvency. The higher the asset-liability ratio, the greater the likelihood of insolvency. Therefore, the risk of debt financing is reflected in whether the enterprise can repay the principal and interest at maturity. As for the equity financing method, the risk is the uncertainty of the income obtained after its use. If the use efficiency of this fund is too low to meet the expectation of shareholders, it will cause shareholders to sell a large number of shares, directly affecting the stock price of the listed company. If the company wants to raise funds in the future, it will have to pay a greater cost.

By self-accumulation to achieve development, enterprises will have a large limit on the scale and level of development, which may make them have to give up investment projects with high rate of return due to the lack of funds. Moreover, in different periods of enterprise development, the amount of capital input required is constantly changing, so it is difficult for enterprise financial staff to accurately predict the amount of capital required by sudden affairs in a long period of time in the future. Therefore, it is very important to raise a certain amount of external borrowing. However, the scale of borrowing is not as large as possible. If the scale of liabilities is too large, the amount of assets of enterprises will be far lower than the level of liabilities, which will eventually lead to bankruptcy liquidation of enterprises.

In a market economy, money has a price, like a commodity in circulation, which is the rate of interest paid on borrowing. Interest rate represents the price that the enterprise needs to pay to obtain the right to use the unit capital from the capital market. If the price required by a certain method of raising funds is too high, it will increase the financing risk of the enterprise.

On the one hand, if the proportion of short-term liabilities is much higher than that of long-term liabilities, it will be very difficult for the enterprise to raise funds to cover the fund loopholes that should be paid back in the short term after the short-term liabilities mature. On the other hand, long-term borrowing is slower than short-term borrowing to raise funds, and the cost of capital is higher. Annual fixed interest expense accounts for a large proportion, and the year-end repayment of enterprises is under great pressure, which will lead to cash flow breakdown.

If decisions are made correctly and managed properly, the funds raised by the enterprise will be used efficiently and generate more benefits. However, this is only a hypothetical condition. It is possible that a decision error of the enterprise may lead to poor use of capital and the expected return of the owner of capital contribution is not achieved. For a listed company, shareholders will abandon the stock, which will directly affect the stock price of the company and increase the financing cost of the company in the later stage.

Managers with risk preference inside the enterprise will be more inclined to take risks and adopt the increased proportion of debt financing to increase the net income, but the enterprise will have to endure higher risks.

As an objective existence, operation risk exists in any production and operation mode. After all, the market is unpredictable. It is not equal to the financing risk of the enterprise, but will affect the size of financing risk.

Changes in financial market will also have a great impact on corporate financing. For example, changes in interest rate and exchange rate will affect corporate financing risk to some extent. In addition, if a period of time when the market is short of funds, supply will cause the cost of capital increase.

The interest expense of debt financing has a certain tax deduction effect, while the dividend distribution is after tax, which cannot make the income tax deductible. Therefore, relatively speaking, the benefit of borrowing financing is greater, and the enterprise will consider debt financing more.

For enterprises with low or high debt amount, the expected actual capital demand of enterprises should be taken as the standard amount, and moderate debt should be adopted to achieve the optimal capital structure. At the same time, we should also pay attention to the reasonable arrangement of term structure and interest rate structure of long-term and short-term debt to avoid the risk of cash flow breaking.

First, priority should be given to the funds raised for production and distribution projects; Second, the capital will be given priority to projects with good economic benefits, and a higher output ratio will be achieved to ensure that the enterprise can repay capital and interest on time. Third, the debt funds should be used for projects with rapid capital turnover, and try to avoid the shortage of funds to compensate for unsold goods.

Pay debt in time, pay attention to the credibility of the enterprise. Once a good reputation is established, companies will get more preferential treatment from it, creating conditions for further financing.

Strengthen the risk awareness of enterprise management personnel, use interest expense to deduct tax at the same time pay attention to prevent risk, control debt ratio.

Try to broaden the financing channels of enterprises. The single financing channel makes it more time for enterprises to raise funds, and the cost is higher. After the expansion of capital source channels, enterprises can choose relatively low-cost financing methods and do not have to worry about the difficulty of financing in the case of capital shortage.

51due留学教育原创版权郑重声明:原创essay代写范文源自编辑创作,未经官方许可,网站谢绝转载。对于侵权行为,未经同意的情况下,51Due有权追究法律责任。主要业务有essay代写、assignment代写、paper代写、作业代写服务。

51due为留学生提供最好的essay代写服务,亲们可以进入主页了解和获取更多essay代写范文 提供代写服务,详情可以咨询我们的客服QQ:800020041。

上一篇:Political marketing in the Uni 下一篇:French romantic drama aestheti