Study on Establishment of Enterprise Financial Risk Assessment Model Based on Entropy Weight TOPSIS
Authors
Taiyu Wang1, *, Xianhui Deng2
1School of Advanced Studies, Saint Louis University, Baguio City, Benguet, Philippines, 2600
2School of Economics and Management, Tibet University, Lhasa City, Tibet Autonomous Region, China, 850000
Corresponding author’s email: wangtaiyu0906@16.com
Corresponding Author
Taiyu Wang
Available Online 15 December 2021.
- DOI
- 10.2991/assehr.k.211209.549How to use a DOI?
- Keywords
- Enterprise financial risk; entropy weight TOPSIS; financial risk assessment model
- Abstract
More and more enterprises have realized the importance of financial risk management. Financial risk can lead to operational losses and reputational damage, but it can also bring potential benefits. If companies focus on expected risks, combining risk management with corporate strategies can better achieve strategic goals and improve competitiveness. This paper uses Entropy Weight TOPSIS to analyze the main financial indicators and establish a financial risk assessment model to help companies apply the dynamic financial risk management process in their business management.
- Copyright
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Taiyu Wang AU - Xianhui Deng PY - 2021 DA - 2021/12/15 TI - Study on Establishment of Enterprise Financial Risk Assessment Model Based on Entropy Weight TOPSIS BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 3380 EP - 3385 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.549 DO - 10.2991/assehr.k.211209.549 ID - Wang2021 ER -