Research on Financial Risk Path Identification of New Energy Enterprises Based on ISM-MICMAC Model-Reference-Cited by-同舟云学术

Research on Financial Risk Path Identification of New Energy Enterprises Based on ISM-MICMAC Model

Published:2023-02-16 Issue: Volume:5 Page:600-609
ISSN:2957-952X
Container-title:Highlights in Business, Economics and Management
language:
Short-container-title:HBEM

Author:

Cao Yu,Xu Zehao,Xu Minghui

Abstract

Due to the relatively low input and output of developing countries in the field of new energy at this stage, it is particularly important to accurately identify the main influencing factors of financial risks of new energy enterprises. This paper takes the financial risk of China's new energy enterprises as the research object, identifies 17 factors affecting the financial risk of new energy enterprises after sorting out relevant indicators, and innovatively uses ISM (Interpretative structural model) -MICMAC (Matrix of Cross-Impact Multiplications Applied to Classification) to show the logical level and influence relationship between various factors. The results show that new energy enterprises should first consider the fundamental factor of management myopia; strengthen the control of intermediate factors, such as lack of environmental awareness, and improper investment; monitor the appearance layer factors with strong dependence at any time, such as inappropriate technical talent reserve. This study is helpful to provide practical significance for the identification of the financial risk chain of new energy enterprises.

Publisher

Darcy & Roy Press Co. Ltd.

Reference14 articles.

1. Chen Li Risk level of government and enterprises and innovation sustainability of new energy enterprises -- the regulatory role based on non precipitation redundant resources [J]. Finance and Accounting Communication, 2020 (18): 64 - 68.

2. Pei Yu. Construction of financial risk early warning indicator system for new energy enterprises [J]. Friends of Accounting, 2011 (33): 35 - 37.

3. Yan Xinwen, Kong Aiguo. The promotion effect of managers' ability on enterprise value -- based on the perspective of market competition and local protection [J]. Fudan Journal (Social Science Edition), 2021, 63 (01): 172 - 183.

4. Zou Xuan, Zhang Mengyu. Venture Capital, Financing Constraints and Innovation of New Energy Enterprises -- Based on Heterogeneity Bilateral Stochastic Frontier Model [J]. Industrial Technology and Economics, 2020, 39 (01): 3 - 12.

5. Darren J. Kisgen. The impact of credit ratings on corporate behavior: Evidence from Moody's adjustments [J]. Journal of Corporate Finance, 2019, 58 (C): 567 - 582.