垃圾焚烧发电企业财务风险评价——基于上市公司的数据

Financial Risk Assessment of Waste Incineration Power Generation Enterprises:Based on Data of Listed Companies

财务风险评价是企业风险管理控制的基础。为了合理评价垃圾焚烧发电企业财务风险,选择多家上市企业2017-2019年的数据,构建财务风险评价体系,运用熵权-TOPSIS模型对样本企业的财务风险进行评价分析。结果表明,垃圾焚烧发电企业总体财务风险水平较高。其中,盈利能力是影响垃圾焚烧发电企业财务风险的关键一级指标,资产报酬率、净资产收益率、资本保值增长率、应收账款周转率等二级指标是重要影响因素。垃圾焚烧发电企业应重视上述风险因素,通过推动产业升级、降低成本费用、优化资本结构和设立应收账款中心等措施,加强财务风险防控,促进企业可持续经营。

Financial risk assessment is the foundation of enterprise risk management and control.In order to reasonably evaluate the financial risks of waste-to-power enterprises,the data of several listed enterprises from 2017 to 2019 were selected to construct the financial risk evaluation system,and the entropy weight-TOPSIS model was used to evaluate and analyze the financial risks of sample enterprises.The results show that the overall financial risk level of waste incineration power generation enterprises is high.Moreover,profitability is a key first-level index that affects the financial risk of waste-to-energy enterprises,secondary indexes such as return on assets,return on equity,growth rate of capital preservation,and turnover rate of accounts receivable are important influencing factors.Garbage incineration power generation enterprises should pay attention to the above risk factors,through promoting industrial upgrading,reducing costs,optimizing the capital structure and the establishment of accounts receivable center and a series of measures,strengthen the prevention and control of financial risks,promote the sustainable operation of enterprises.