Selection of indicators under financial risk factors. Financial risk is mainly the liquidity risk of funds. Research and development and daily operation need more funds, and due to the long period of investment in research and development funds. The different financing methods are accompanied by various financing risks, so the liquidity of enterprise funds has a serious impact on corporate risks. Selection of indicators under management risk factors. The whole financing process, from financing planning to obtaining funds and putting them into use, to later analyzing the use of funds and discussing the repayment of funds, requires a high degree of professionalism and a perfect system, and each link is thoroughly put into a rigorous and scientific plan of investigation. The future income of each enterprise is greatly managed by the management ability of the company. Relatively speaking, the expected future income of enter income is an attraction to external investors, which makes investors willing to invest funds, thus ensuring the sufficient operating funds of the company. It is a virtuous circle. According to the analysis, the level of management ability mainly lies in the quality level of managers and the soundness of management mechanism. Therefore, aiming at selecting relevant indicators that can explain management risks: personnel quality and management mechanism indicators; The financing risk evaluation system is divided into three levels: target level, criterion level and scheme level. All levels influence and dominate each other.