基于z-score模型的通信运营商财务风险管理分析-financial risk management analysis of communication operators based on z - score model.docxVIP

南京邮电大学硕士研究生学位论文AbstractAbstractSincetherestructuring ofthetelecommunicationsindustryin2008，duetotheformation oftheimpactofindustrialintegrationand3Gbusinessmarketcompetition，communicationscompanieshaveenteredthegoldenageofoperations.Thinkingfromtheperspectiveof corporatefinance，howtocontrolandmanagetherisksoffinancialeffectively，analysisof indicatorsoffinancialinformationpertinently andconductanearlywarningreasonablyin orderto make the company financial state of the best，is the focus and important issue ofcommunications companies currently.Firstly，thispaperusesthebasistheoryinformationeconomyandstatisticalscienceon thebaseofriskmanagementresearchandcasestudiesindomesticandinternationaltodefine thefinancialriskofthecommunicationsindustry，studythepossiblefinancialrisksintheoperatingprocesscombinedwiththeactualfinancialsituationofChina’stelecommunications operators，makeannewideasinfinancialriskmanagementforChina’stelecommunications operators and determine the optimum choice for the Z-Score model as the financial riskmanagement methods bythe researchand comparison. Secondly，this paperuses ChinaMobileandChinaUnicomasatypicalcase，analyzestheiractualfinancialdatarecentyears，verifies thattheZ-ScoremodelhasacertainpracticalvalueforChina’stelecommunicationsoperators. Lastly，It has madeanumberofindependent views forbuildingthe risk management system ofChina’s telecommunications operators.Thisresearchandanalysisprovidesomeoftherecommendationsoftheadvisoryto buildthefinancialriskmanagementframeworkofChina’stelecommunicationsoperators.Inparticular，ithasacertainreferencevaluebythefaceofcomplexfinancialriskidentificationand controllingincreasinglyforthemanagementofthe company.Keywords：telecommunicationsoperators；Z-Scoremodel；Financialearlywarning；Risk management目录摘要...........................................................................................................................................................IAbstract........................................................