The role of financial analysis in risk management of entrepreneurial small and medium-sized enterprises: A case study of DJI Innovation Technology Co., LTD
Transactions on Economics, Business and Management Research, (2024), Vol.13, No.1, pp.527-533
Published: November 18, 2024
DOI: 10.62051/0qat3e47
Abstract
As an important tool of risk management, financial analysis can help enterprises to identify, evaluate, prevent and monitor financial risks in a timely manner, optimize management processes, and ensure the steady development of enterprises. This paper aims to explore the role of financial analysis in the risk management. Through in-depth analysis of the characteristics of small and medium-sized enterprises, combined with financial analysis methods, this paper puts forward a set of risk management framework suitable for small and medium-sized enterprises. The results show that effective financial analysis can significantly improve the risk management level of enterprises and provide guarantee for the steady development of enterprises.
Keywords:
Financial analysis; Entrepreneurial small and medium-sized enterprises; Risk management; DJI.
APA Citation:
Jiayi Wen (2024). The role of financial analysis in risk management of entrepreneurial small and medium-sized enterprises: A case study of DJI Innovation Technology Co., LTD. Transactions on Economics, Business and Management Research, 13(1), 527-533. https://doi.org/10.62051/0qat3e47
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