Study on Financial Risk Assessment System of Guarantee for Listed Companies
|Keywords||Listed company Guarantee Risk assessment|
Guarantee is a normal credit behavior of the listed corporation management activity. It can provide a powerful guarantee for the development of listed Corporation. But because of China’s capital market is not standardized, in recent years, during the process of guarantee China’s listed Corporation has exposed a series of problems, such as great amount of guarantee, a lot of illegal guarantee, which thus brought a lot of financial crises for themselves. Investors, creditors and other stakeholders are now focusing on the financial risk. The purpose of this paper is based on the analysis of current guarantee situation and the causes of risk of listed companies in our country at present, and through the analysis the listed corporation can evaluate financial risk and provide rationalization proposal to prevent guarantee risk.This paper first discusses the meaning of guarantee and financial risk, and analysis the current situation of the listed corporation and the cause of the guarantee risk. Through the literature analysis method, this paper inductive research results of domestic and foreign scholars in related fields and Build guarantee financial risk evaluation index system. Through the index system, we can evaluate the guarantee risk. After the risk assessment system was determined, we apply the system on a random public company and draw a conclusion. By comparing the conclusion and the real situation of the company, we can know the accuracy of the system.There are few papers discussing guarantee risk, Aiming at the shortage, this paper select a number of indicators and construct the assessment system. The innovation of this paper is the construction of the system. Through the system, we can determine the risk range.Guarantee is an important method of financing, it can transfer the risk from the banks to the guarantee listed corporation. It both can solve the problem of difficulty of financing. The assessment system of this paper can give accurate evaluation of the risk. It can help banks and stakeholders to assess the risk. Due to the outcome of the assessment, they can take steps to control the risk. The construction of the system can help the listed company to control the guarantee risk.