外文文献企业盈利能力分析.docVIP

　　文献出处： 　　标题： Assessment of Financial Risk in Firm s Profitability Analysis作者： Solomon, Daniela Cristina; Muntean, Mircea出版物名称： Economy Transdisciplinarity Cognition卷： 15 　　期： 2 　　页： 58-67 　　页数： 10 　　出版年份： 2012 　　Assessment of Financial Risk in Firm s Profitability AnalysisAbstract: In the context of globalization we are witnessing an unprecedented diversification of risk situations anduncertainty in the business world, the whole existence of an organization being related to risk. The notion of risk isinextricably linked to the return. Return includes ensuring remuneration of production factors and invested capital butalso resources management in terms of efficiency and effectiveness. A full financial and economic diagnosis can notbe done without regard to the return-risk ratio. 　　Stock profitability analysis should not be dissociated from risk analysis to which the company is subdued. Riskanalysis is useful in decision making concerning the use of economic-financial potential or investment decisions, indeveloping business plans, and also to inform partners about the enterprises performance level. 　　Risk takes many form:, operational risk, financial risk and total risk, risk of bankruptcy （other risk categories） eachinfluencing the business activity on a greater or lesser extent. Financial risk analysis, realized with the use of specificindicators such as: financial leverage, financial breakeven and leverage ratio （CLF） accompanying call to debt,presents a major interest to optimize the financial structure and viability of any company operating under a genuinemarket economy. 　　Keywords: risk analysis financial risk, financial leverage, breakeven point. 　　Introduction 　　Risk and return are two interdependent aspects in the activity of a company, so the question is assuming a certainlevel of risk to achieve the profitability that it allows. Return can only be assessed but on the basis of supported risk. 　　This risk affects economic asset returns first, and secondly of