企业现金流风险识别研究

现金流是企业财务状况的综合表现,对现金流风险的识别研究是企业实施财务风险管理的关键.本文认为,对现金流风险识别应把握三方面工作:首先,要对现金流量表结构进行研究,通过现金流来源的不同构成形式,以及企业所处的生命周期阶段分析,探究企业现金流的综合风险状况.其次,要在现金流结构分析的基础上,理性构建风险评价指标体系.最后,通过建立主成分分析模型,合理界定风险临界区域,进一步分析现金流风险程度,使企业充分认识风险,加强现金流风险管理.

The Study on Discernment of Enterprises' Cash Flow Risk

Cash flow is the comprehensive index that show the enterprises' financial situation, the study on discernment of cash flow risk is a key problem to implementing financial risk management in enterprises. This text thinks, discern to the cash flow risk that should hold three respects: First of all, we should carry on research to the structure of the cash flow statement. With the help of the analysis about different composition forms of the cash flow source, and life cycle situation, we should probe into the comprehensive risk states of enterprises' cash flow. Secondly, we should choose the evaluation index of the risk rationally. Thirdly, we should construct the model of Principal Component Analysis, and define the critical area of the risk. On the basis of cash flow study, we should analyze the risk degree of cash flow further to make enterprises fully realize the risk, and strengthen the risk management of the cash flow.