创业板上市公司财务风险控制研究

201x 届毕业生

毕业论文

题 目: 创业板上市公司财务风险控制研究

摘 要

创业板市场的运行使我国证券市场的发展充满了活力，它的成立不仅为较有发展前景的高新技术企业提供了更加广阔的融资平台，而且帮助很多企业摆脱了财务困境。然而，随着经济的快速发展，市场竞争越来越激烈，再加上企业创立初期的高成长性以及未来发展的高度不确定性，创业板上市公司面临的财务风险也与日俱增。所以有效地识别和控制企业中关键的财务风险，可以使企业获得更好的发展空间。

本文首先阐述了创业板市场及财务风险的相关理论，并且分析了创业板上市公司的特点以及由这些特点引发出的财务风险，为我国创业板上市公司的财务风险控制研究提供了理论支持；其次，以医药行业中较有代表性的企业——康芝药业为例，对其财务数据进行了分析，识别出企业面临的财务风险，并从外部因素和内部因素两个方面分析风险的原因；最后，在案例分析的基础之上，针对识别出的财务风险并结合我国宏观的经济环境及政治法规，为整个创业板上市公司提出了财务风险控制措施。

通过本文的研究，主要得出以下结论：创业板上市公司财务风险控制研究问题是一个具有普遍性的问题。不管是经营状况良好还是陷入了财务困境，企业都面临着一定的财务风险。对于全局性和普遍性的问题，要从整体方面入手，不仅要能够根据企业所在行业的发展状况来预测未来政策的变化趋势，从而调整企业产品结构，还要从内部各个财务环节来识别风险并且控制风险。但是要让问题得到根本的解决，需要内外配合，才能使企业的财务风险得到最大限度的控制，从而实现更好的发展。

关键字：创业板市场 上市公司 财务风险 风险控制

Title

Abstract

The operation of the growth enterprise market made the development of our country securities market full of vitality. Its establishment not only provided a broader financing platform for high-tech promising enterprises, but also helped many enterprises get rid of financial difficulties. However, with the rapid development of economy, market competition is increasingly fierce. Coupled with high growth of start-up enterprises ’ initial stages and high degree uncertainty of the future development, the listed companies on GEM are facing more serious financial risks. Therefore, identifying and controlling the important financial risks in the enterprises can make enterprises safer and get better development spaces. Firstly, this article elaborated relevant theories of the GEM and financial risks, and it also elaborated characteristics of listed companies as well as financial risks caused by these characteristics, which provided theoretical supports for financial risks control research of our country’s listed compan ies on GEM. Secondly, using the example of a representative company called kangzhi in the pharmaceutical industry, this article analyzed financial dates and identified the financial risks that the enterprise was facing, and then analyzed reasons from external and internal factors. Finally, based on the case analysis, and combining the macroeconomic environment and macro political regulations, the article put forward financial risks control measures for the whole listed companies on GEM according to the financial risks that had been identified.

Through the study of this article, we draw the following conclusions: the financial risks control research of listed companies on GEM is a universal problem. No matter how the operating and financial conditions of enterprises are, enterprises are facing certain financial risks. Therefore, for these overall and universal problems,

enterprises should start solving them from the overall aspects. Enterprises should not only predict change trends of future policies according to the development conditions of the industry that enterprises belong to, so that they can adjust the product structure, but also identify and control risks from internal various financial activities. However, if enterprises want to solve problems fundamentally, inside and outside measures need to be coordinate with each other. Only in this way can enterprises make the financial risks to maximum control and achieve better development.

Key words: GEM Listed company Financial risks Risk control