How to Effectively Identify Financial Risks in Financial Management

Research Article
Open access

How to Effectively Identify Financial Risks in Financial Management

Yi Zhao 1*
  • 1 Whatcom Community College    
  • *corresponding author zycd2001@outlook.com
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/18/20230096
AEMPS Vol.18
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-79-9
ISBN (Online): 978-1-915371-80-5

Abstract

In the context of global economic integration, China’s financial industry has been influenced by the international situation, and the openness of the industry is obvious. The entry of foreign financial institutions has made the competition in China’s financial market more and more intense, which has intensified the financial risks while promoting economic growth. In view of this, this paper will discuss in depth the effective identification of financial risks in financial management and put forward feasible protection countermeasures, aiming to help the financial industry further improve its risk management. The results of this study show that accurate identification of financial risks can provide a basis for financial management and fully maintain economic efficiency. To meet the international development trend, the financial industry must do a good job of risk identification, assessment, and prevention so as to reduce the probability of risk and the losses it brings. Since financial risks are inevitable, each company must face the increasingly complex economic market according to its own situation, which puts higher demands on the risk management of companies.

Keywords:

financial management, financial risk, identification, prevention strategy

Zhao,Y. (2023). How to Effectively Identify Financial Risks in Financial Management. Advances in Economics, Management and Political Sciences,18,344-350.
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References

[1]. Li Xiaoyue. How to effectively identify financial risks in financial management [J] China Business Journal, 2021.

[2]. Zhang Yifu. Research on financial audit under big data environment to prevent financial risk countermeasures [J]. Science and Technology Economic Journal, 29(10): 245-246. (2021).

[3]. He Wenyu. Risk identification and prevention countermeasures of Internet finance - based on fuzzy hierarchical analysis [J]. Journal of Heihe College, 11(06): 54-56. (2020).

[4]. Li Dongyang. Analysis of financial risk identification strategies and preventive measures [J]. Modern economic information, (17): 288-289. (2018).

[5]. Wang Zhiyi. Research on the identification and prevention countermeasures of Internet financial risks in China [D]. Jiangxi University of Finance and Economics, 2018.

[6]. Feng Chao. Analysis of countermeasures for effective identification of financial risks in financial management [J]. Times Finance, 20(27):8-10. (2020).

[7]. Li Tianya. Exploration of effective identification of financial risk strategies in financial management [J]. Time Finance, 15(12):11-13. (2020)

[8]. Yang Yifan. Exploration of how to effectively identify financial risks in financial management [J]. Chinese and foreign entrepreneurs, 30(16):31. (2018).

Cite this article

Zhao,Y. (2023). How to Effectively Identify Financial Risks in Financial Management. Advances in Economics, Management and Political Sciences,18,344-350.

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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN：978-1-915371-79-9(Print) / 978-1-915371-80-5(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.18
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Li Xiaoyue. How to effectively identify financial risks in financial management [J] China Business Journal, 2021.

[2]. Zhang Yifu. Research on financial audit under big data environment to prevent financial risk countermeasures [J]. Science and Technology Economic Journal, 29(10): 245-246. (2021).

[3]. He Wenyu. Risk identification and prevention countermeasures of Internet finance - based on fuzzy hierarchical analysis [J]. Journal of Heihe College, 11(06): 54-56. (2020).

[4]. Li Dongyang. Analysis of financial risk identification strategies and preventive measures [J]. Modern economic information, (17): 288-289. (2018).

[5]. Wang Zhiyi. Research on the identification and prevention countermeasures of Internet financial risks in China [D]. Jiangxi University of Finance and Economics, 2018.

[6]. Feng Chao. Analysis of countermeasures for effective identification of financial risks in financial management [J]. Times Finance, 20(27):8-10. (2020).

[7]. Li Tianya. Exploration of effective identification of financial risk strategies in financial management [J]. Time Finance, 15(12):11-13. (2020)

[8]. Yang Yifan. Exploration of how to effectively identify financial risks in financial management [J]. Chinese and foreign entrepreneurs, 30(16):31. (2018).

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