A Research on the Construction of Financial Risk Index System in the Expressway Company

摘要

Because of the large investment and the outstanding loan capitals in the construction process of expressway project, the Expressway Company (EC) is highly unable to pay back the loans in the business period, inducing enormous financial risk to corporation. Meanwhile, EC is prone to suffer from financial loss as a result from the influence of the cost expenditures in the operation of expressway and the internal and external environment of company. In this paper, based on the analysis of financial risk, a definition of Financial Risk Index System is proposed, following by the presentation of fundamentals and conditions for the construction of financial risk. Based on the four factors of risk indication, including the expending cost, macroeconomic environment, revenue and the management of Expressway Company, the construction scheme of operational early-warning Financial Risk Index System would be discussed. Last but not least, according to a integrated evaluation for various indicators, several correspondent methods for financial risk warning of expressway company would be presented.