DocumentCode
3170174
Title
Risk management on the financial difficulties of listed companies
Author
Jin-feng, Li
Author_Institution
Sch. of Econ., Henan Univ. of Sci. & Technol., Luoyang, China
fYear
2011
fDate
8-10 Aug. 2011
Firstpage
615
Lastpage
618
Abstract
By employing a comparative analytical approach in this study, the author puts forward that, the financial difficulties of listed companies should not only endanger their own survival, but also harm the interests of their investors, creditors employees and other stakeholders, and have serious influence on the nation and society as well, and once listed companies run into financial difficulties, they should take active actions to improve their operation and management efficiency based on the actual situation of the company, such as reintegrating management, restructuring assets, and restructuring debts, which will provide theoretical guidance for lifting the financial difficulties of the company on one hand, and allows the company in financial difficulties to reduce their losses to minimum on the other. And finally, he concludes that, only by understanding the financial difficulties and their causes, and determining, predicting, avoiding and getting rid of the financial difficulties according to their signs, can listed companies be able to completely prevent the financial crisis and protect the interests of shareholders and creditors.
Keywords
financial management; risk management; comparative analytical approach; creditor employee interest; financial crisis; financial difficulties; investor interest; listed companies; management efficiency; risk management; stakeholder interest; Companies; Control systems; Investments; Marketing and sales; Production; Profitability; Financial Difficulties; Listed Companies; Management; risk;
fLanguage
English
Publisher
ieee
Conference_Titel
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location
Deng Leng
Print_ISBN
978-1-4577-0535-9
Type
conf
DOI
10.1109/AIMSEC.2011.6010398
Filename
6010398
Link To Document