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 :
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