绿地房地产公司财务风险研究外文翻译

毕业论文外文翻译课题名称绿地房地产公司财务风险研究院系经济管理学院专业工商管理（金融企业管理方向）姓名贾爽指导教师罗荷英二一五年十月十三日外文翻译专业工商管理（金融企业管理方向）班级12级本科1班作者贾爽指导老师罗荷英ONTHEREALESTATEBUSINESSANDGUARDAGAINSTFINANCIALRISKSPAPERKEYWORDSREALESTATEENTERPRISESFINANCIALRISKPREVENTIONABSTRACTSINCETHE1990S,NATIONALHOUSINGPOLICYCHANGES,THERAPIDDEVELOPMENTOFCHINASREALESTATETOMAKETHEFACEOFINCREASINGLYFIERCEMARKETCOMPETITION,THEREALESTATEINDUSTRYSHOWHIGHRISK,HIGHYIELDCHARACTERISTICS,HOWTOEFFECTIVELYAVOIDANDREDUCEFINANCIALRISK,THEREALESTATEBUSINESSSURVIVALANDDEVELOPMENTAREOFVITALIMPORTANCE,SOREALESTATECOMPANIESSHOULDACTIVELYESTABLISHMECHANISMSFORRISKIDENTIFICATIONANDAVOIDANCEMECHANISMS,THROUGHTOPREVENTION,TORESOLVETHEMATTERINSUCHMODELS,ENHANCETHEIRFINANCIALSTRENGTH,ENHANCETHEIRCOMPETITIVENESSFIRST,THEDEFINITIONOFFINANCIALRISKNARROWFUNDINGREFERSONLYTOTHERISKOFFINANCIALRISK,REFERSTOTHEBUSINESSCAUSEDBYTHEBORROWINGOFFUNDSTOREPAYMATURINGDEBTWITHTHEMONEYFUNDSTHEUNCERTAINTY,THEREISNOFINANCIALRISKOFDEBTDOESNOTEXIST,WHILETHEBROADSENSEOFTHEFINANCIALRISKISTHERISKASABUSINESSONE,SPECIFICTOENTERPRISESINTHEPRODUCTIONANDMANAGEMENTOFCAMPAIGNFUNDSINCLUDINGFUNDRAISING,FINANCING,INVESTMENTANDUSEOFFUNDS,ETC,DUETOINTERNALANDEXTERNALENVIRONMENTANDAVARIETYOFUNPREDICTABLEORUNCONTROLLABLEFACTORS,BUTINTIMETHEACTUALFINANCIALINCOMEANDTHEEXPECTEDRETURNDEVIATIONOCCURS,THUSTHERISKOFLOSSOFALLITISTHEWHOLEPROCESSOFCORPORATEFINANCIALACTIVITIESANDFINANCIALNATUREOFTHEOVERALLFINANCIALPERSPECTIVETODEFINETHECONCEPTOFFINANCIALRISKINTHEMARKETECONOMY,ALLTHEFINANCIALRISKTHROUGHOUTTHEENTERPRISEFINANCIALASPECTSOFAVARIETYOFRISKFACTORSINCORPORATEFINANCIALEMBODIEDFROMTHEPERSPECTIVEOFFINANCIALRISKEARLYWARNING,CORPORATEFINANCIALRISKISNOTLIMITEDTORISKSARISINGFROMFINANCINGACTIVITIES,IMPROPERINVESTMENTACTIVITIES,OPERATINGACTIVITIES,DISTRIBUTIONOFACTIVITYCOULDLEADTOCOMPANIESFACINGTHESAMERISK,THEREFORE,THISPAPERARGUES,REFLECTSTHEBROADFINANCIALRISKSOFFINANCIALNATURE,CANTRULYREFLECTTHEMARKETECONOMY,THERELATIONSHIPBETWEENCORPORATEFINANCIALPICTURE,SUCHADEFINITIONISMORESCIENTIFICANDRATIONALSECOND,THEREALESTATEDIVISIONOFCORPORATEFINANCIALRISKTHEREALESTATEINDUSTRYISCAPITALINTENSIVEINDUSTRIESFROMTHESOURCEOFFUNDSOFFINANCIALRISK,MAINLYFINANCINGRISK,INVESTMENTRISKANDTHERISKOFCAPITALRETURN1FINANCINGRISKSCHINASREALESTATEDEVELOPMENTWHOSEMAINMOTIVATIONISMONEYDRIVENINCURRENTMODE,REALESTATEBUSINESSGENERALLYLOWPROPORTIONOFOWNFUNDS,MAINLYUSEDTOSOLVETHEPROBLEMOFLANDCOSTS,ANDFORLATERDEVELOPMENT,ITISMORETHROUGHAVARIETYOFFINANCINGINSTRUMENTSANDPRESALESMONEYRECOVEREDTOBEADDRESSED,SOTHEREALESTATEBUSINESSBANKFUNDSCAPITALCHAINIMPORTANTPARTOFMANYREALESTATECOMPANIESWITHHIGHDEBTLEVELSDESPITETHEHIGHCOSTOFCAPITALANDTOBRINGDUETHERISKOFDEBTSERVICINGCANNOTBEBLIND,LARGESCALEMOBILIZATIONOFCAPITALHASBROUGHTGREATERFINANCIALRISK,MAINLYFEATURESLARGESIZEOFTHEDEBT,HIGHINTERESTRATESCAUSEDBYHIGHFINANCINGCOSTSDEBTMATURITYSTRUCTUREISIRRATIONAL,RESULTINGINEXCESSIVECONCENTRATIONOFDEBTMATURITY,ORDUETOLACKOFFUNDSORFAILURETOTIMELYCOMPLETETHEMARKETINGPLANWHICHLEDTOFINANCIALCRISISINEXTREMECASES,THEREISARISKOFCAPITALSTRANDBREAKS,THUSCREATINGARISKFINANCING2INVESTMENTRISKINTHELONGDEVELOPMENTCYCLEOFREALESTATE,THEREAREMANYUNCERTAINTIESTHATBUSINESSINVESTMENTPROJECTSFORDEVELOPMENTTHESUCCESSANDECONOMICEFFICIENCYOFENTERPRISESPLAYADECISIVEROLEDUETOUNCERTAINFACTORS,LEADINGREALESTATEPROJECTCANNOTACHIEVETHEEXPECTEDBENEFITS,THUSAFFECTINGTHEPROFITABILITYANDSOLVENCYRISKISINVESTMENTRISKINREALITY,MOSTTOOMUCHEMPHASISONLARGEREALESTATECOMPANIESTORAISEFUNDSONLARGEPROJECTS,THEPURSUITOFHIGHYIELD,REALESTATEDEVELOPMENTANDINVESTMENTDURINGTHECOURSEOFTHENEGLECTOFTHEMARKETANDFEASIBILITYANALYSISANDEVALUATIONOFPROJECTS,WHICHWEREASFOLLOWSINVESTMENTINTECHNOLOGYCANNOTLINEORNOTYETMATURE,MARKETRESEARCHISWRONG,AFTERTHESLOWMOVINGMARKET,BEHINDINVESTMENTPROJECTPLANNINGISTOOLARGEORTOOSMALL,ORTHEINABILITYTOCONTROLEXCESSIVEEXPANSIONOFTHEINDUSTRYMANAGEMENT,DEBTRATIOISTOOHIGHRESULTINGINHEAVYDEBTBURDEN,TECHNOLOGYANDMARKETCONDITIONSOCCURCHANGESINBUSINESSINVESTMENTPROJECTSLEADINGTOTHEACTUALINCOMEANDTHEEXPECTEDINCOMEDIFFERENCEISTOOLARGE,ETC,THETIMESPANANDTHEBREADTHOFSPACENECESSARYFORTHEFUTUREDEVELOPMENTOFTHEFINANCIALACTIVITIESANDINCREASEDUNCERTAINTY3RECOVERYOFFUNDSRISKISTHERISKOFCAPITALRECOVERYROOMREALESTATECOMPANIESTODEVELOPANOTHERFORMOFFINANCIALRISKMAINLYINREALESTATEDEVELOPMENTPRODUCTSCANBESOLDTOTHESTATE,DUETOPOLICYREASONSORSELFMARKETINGTOOLMISTAKES,POORSALESLEDTOMAKINGTHEREIMBURSEMENTISSLOW,THEBALANCEDUETOTHEENTERPRISEITSELFHIGHLEVELOFRECOVERYOFFUNDSIFTHEFUNDINGNEEDSCANNOTBESYNCHRONIZED,ITWILLCAUSEASHARPDECLINEINTHESOLVENCYOFENTERPRISES,ANDRENEWEDPRESSUREONCASHEXPENDITURES,ANDTHENINFINANCIALDIFFICULTIES,THECOMPANYSIMAGEANDREPUTATIONHASBEENSEVERELYDAMAGED,ANDEVENLEADTOBANKRUPTCYTHIRD,THEREALESTATEBUSINESSFINANCIALRISK1AREASONABLEFINANCIALBUDGETTOIMPLEMENTDUETOFINANCIALBUDGETINTHEIMPLEMENTATIONPROCESS,THEREAREMANYUNCERTAINTIES,LEADINGREALESTATECOMPANIESINTHEDEVELOPMENTPROCESSOFOPERATINGCYCLEMAYBEALOTOFPROBLEMS,WHICHDIRECTLYRELATEDTOTHEBUSINESSSUCCESSOFINVESTMENTPROJECTS,ALSOECONOMICBENEFITSTOTHEENTERPRISECAUSEDCONSIDERABLENEGATIVEIMPAC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能力急剧下降，并