Financial risk assessment management of cloud accounting SOEs based on spillover index

Abstract

The international capital flows between the financial markets of state-owned enterprises are frequent and closely linked, and the difficulty of assessing and managing risks is deepening day by day. In order to be able to provide some useful references for corporate financial institutions in theory and practice, this paper is oriented to cloud accounting SOEs, modeling and calculating SOE returns and volatilities to obtain corporate financial spillover indices. The calculated spillover index is introduced into the basic assessment system to establish the financial risk assessment system. Based on the expert scoring results of the assessment indexes, a judgment matrix is constructed to obtain the fuzzy assessment weights of each index. Combined with the system assessment results, the risk matrix is used to classify risk levels and develop corresponding management strategies. It is experimentally verified that the intensity of the total risk spillover index and the probability of risk occurrence between different submarkets of corporate finance are higher during the unpracticed period, 76% and 83.48%, respectively. In contrast, the spillover index intensity and the probability of risk occurrence in the practice period are only 50% and 61.15%. This shows that the proposed method can carry out effective risk assessment management based on the spillover index, which meets the needs of the times and realistic needs of cloud accounting SOEs for financial risk assessment management and promotes the financial business development of SOEs.