The financial risk of an enterprise refers to the uncertainty of financial situation due to various unpredictable or controlled factors in the course of various financial activities, thus making the enterprise likely to suffer losses. According to the main links of financial activities, it can be divided into liquidity risk, credit risk, financing risk and investment risk. According to the degree of control, can be divided into controllable risk and uncontrollable risk.<br>1.2 Characteristics of financial risk<br> 1, objectivity: that is, financial risk does not take the will of the people as the transfer and objective existence. There are two possible outcomes to corporate financial activities, namely, the achievement of the desired goals and the failure to achieve the desired objectives. This means that the risk of not achieving the desired goal is objective. 2, comprehensiveness: that is, financial risk exists in the whole process of enterprise financial management and reflected in a variety of financial relations. Financial activities such as fund raising, fund utilization and fund accumulation and distribution will all produce financial risks. 3 Uncertainty: I.E. financial risk can be estimated and controlled in advance, but due to the changing factors affecting the outcome of financial activities, the size of financial risk cannot be accurately determined in advance. 4. Coexistence: that is, risk and income coexist and are proportional, in general, the greater the risk of financial activities, the higher the benefits. If there is a greater risk of venture capital, it will also be rewarded for the risk of investment. 5, incentive: that is, the objective existence of financial risk will prompt enterprises to take measures to prevent financial risks, strengthen financial management, improve economic efficiency
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