Quantitative model of the financing risk and empirical analysis for the high-tech enterprises

摘要：

It is difficult to control the financing risk of high-tech enterprise effectively at present,and the rational measure of the financing risk is particularly crucial. This paper based on the analysis of deficiency of the existing methods,and brings forward to measure the financing risk from variability of return on equity,that is,establishes the quantitative model of financing risk whose expectation of return on equity obeys normal distribution. An example is used to illustrate how to using the model. We conclude that this method can reveal the existence of the companys financing risk and its level of quantity deafly.

关键词： Financing risk High-tech enterprise return on equity expectation of return on equity quantitative model

作者: Cao qinrun Liang Laixin Huang yuyun

作者单位: Department of Accounting of College of Business Central South University,410083 CHINA

会议类型: 国际会议

会议名称: The First International Conference on Management Innovation(ICMI 2007)(管理创新会议)

会议地点: 上海

会议语种:英文

页码: 1266-1269

在线出版日期: 2007-06-04（万方平台首次上网日期，不代表论文的发表时间）