The Research on the Assessment of China Wind Power Enterprise Financial Risk Based on a Principal-Component Model

Author

Liu, Chongming ; Wang, Lin

Author_Institution

Bus. Adm. Sch., North China Electr. Power Univ., NCEPU, Beijing, China

fYear

2010

fDate

24-26 Aug. 2010

Firstpage

1

Lastpage

4

Abstract

Wind power is currently the mainstream of China´s new resource exploitation, but the excessively fast development pace has brought companies growing risk. So it´s necessary to study the method how to evaluate the financial risk of wind power enterprise. In this paper, through financial risk analysis, 12 key financial indicators were selected out to build a principal component model. And it got three principal-component comprehensive parameters, which respectively reflecting the funding risk, investment risk and risk of development. Case study has achieved very satisfactory results, indicating that the model is a good way to evaluate the financial risk of wind power companies.

Keywords

investment; power system economics; principal component analysis; risk analysis; wind power plants; China wind power enterprise; assessment; financial risk analysis; funding risk; investment risk; principal component model; resource exploitation; Companies; Correlation; Indexes; Investments; Principal component analysis; Wind power generation;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science (MASS), 2010 International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-5325-2

Electronic_ISBN

978-1-4244-5326-9

Type

conf

DOI

10.1109/ICMSS.2010.5576930

Filename

5576930