Title: The Factors Influencing Financial Risk Management of Sany Heavy Industry Company
Author: Liu Xiaohua
Advisor: Dr. Zhang Li
Degree: Master of Business Administration
Major: Finance and Accounting
Faculty: บัณฑิตวิทยาลัย (Graduate School)
Academic year: 2567 (2024)
Published: นำเสนอในที่ประชุมวิชาการ (Conference) The 1st Thailand-Sino International Conference and The 17th National and International Academic Conference “New Quality Productive Forces and Sustainable Innovation” 14-16 November 2024 (pp.888-902) Click PDF
Abstract
This study used Sany Heavy Industry CO. LTD. as a case study to investigate the influencing factors of financial risk management in construction machinery enterprises, aiming to improve the risk management capabilities of construction machinery enterprises.
Based on the risk management theory, the objectives of this research were: (1)To explain the current state of financial risk management at Sany Heavy Industry; (2) To examine the factors influencing Sany Heavy Industry’s financial risk management; (3)To propose optimization strategies for Sany Heavy Industry’s financial risk management.
This study employed the quantitative research method using a questionnaire survey, targeting employees of Sany Heavy Industry. A total of 450 questionnaires were collected, with 433 valid responses. The effective response rate was 90.21%. The research hypotheses were tested through data analysis methods.
The study finds that: (1) There are inconsistencies in understanding and implementing macroeconomic responses across different departments at Sany Heavy Industry, as evidenced by high standard deviations. In terms of enterprise capital structure, the company shows weaknesses in diversifying financing channels and equity financing plans. Regarding corporate governance, there are differences in organizational structure, the role of the board of directors, and employees’ understanding of risk management policies; (2) Macroeconomic environment, enterprise capital structure, and corporate governance all have a positive impact on Sany Heavy Industry’s financial risk management. (3) The company can enhance its market competitiveness by optimizing financial risk management strategies through strengthening macroeconomic analysis and response, optimizing enterprise capital structure, and enhancing corporate governance.
This study, through a case analysis of Sany Heavy Industry Co., Ltd., thoroughly examines the influencing factors of financial risk management in construction machinery enterprises and their optimization strategies. The research findings not only provide specific improvement suggestions for Sany Heavy Industry but also offer valuable references and insights for financial risk management practices across the entire construction machinery industry.
Keywords: Sany Heavy Industry, enterprise risk management, financial risk management
6617195044, Liu Xiaohua, Advisor: Dr. Zhang Li, สารนิพนธ์ (Independent Study), The Factors Influencing Financial Risk Management of Sany Heavy Industry Company, นำเสนอในที่ประชุมวิชาการ (Conference), The 17th National and International Academic Conference 2024, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, Finance and Accounting, Siam University, Bangkok, Thailand – มหาวิทยาลัยสยาม กรุงเทพมหานคร ประเทศไทย
