现代企业负债经营与财务风险分析

Liability operation and financial risks of modern enterprises

负债经营是现代企业常采用的一种经营策略,它既可带来财务风险又可带来财务杠杆利益。在分析研究了企业负债经营的特点、条件、资本结构与财务风险关系的基础上,指出传统财务风险衡量指标的不足之处,提出用负债经营效果系数指标衡量企业财务风险的优点,并用该指标对企业财务风险进行了分类。这对于现代企业进行负债经营避免财务风险有着重要作用。

The liability operation is the operating tactics often adopted by modern enterprises. It can bring the financial risks as well as the benefit on financial leverage. Based on analysis and research of characteristics and conditions of the liability operation in enterprise, the relationship between the capital structure and the financial risk, this paper has pointed out the disadvantage in the traditional appraising index of financial risk. The merits in appraising index of the coefficient of liability operational efforts are then put forward and the enterprise＇s financial risks are classified with this index. This has an important impact on the liability operation in preventing financial risk of the modem enterprises.