2005Journal of Liaoning UniversityRequires access

On the Necessity of the Establishment of the Financial Risk Management in Non-financial Enterprises

Wei Yuan

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Abstract

As the process of the economic and financial globalization is going deeply,and the process of the internationalization of enterprises is speeding up,our enterprises are faced with the drastic market-related competition as well as the varying outer situation,meanwhile the scale of the financial risk met with in the process of producing and managing has also greatly changed.Therefore,it is significant for non-financial enterprises to set up a financial risk managing system,and to control and manage the financial risk of enterprises effectively,which will promise the development of enterprises over the long run.

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As the process of the economic and financial globalization is going deeply,and the process of the internationalization of enterprises is speeding up,our enterprises are faced with the drastic market-related competition as well as the varying outer situation,meanwhile the scale of the financial risk met with in the process of producing and managing has also greatly changed.Therefore,it is significant for non-financial enterprises to set up a financial risk managing system,and to control and manage the financial risk of enterprises effectively,which will promise the development of enterprises over the long run.

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Available abstract

As the process of the economic and financial globalization is going deeply,and the process of the internationalization of enterprises is speeding up,our enterprises are faced with the drastic market-related competition as well as the varying outer situation,meanwhile the scale of the financial risk met with in the process of producing and managing has also greatly changed.Therefore,it is significant for non-financial enterprises to set up a financial risk managing system,and to control and manage the financial risk of enterprises effectively,which will promise the development of enterprises over the long run.

Key concepts: Business, Financial risk, Finance, Competition (biology), Internationalization, Financial risk management, Risk management, Process (computing)

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