Author(s)

Yunpeng Zhao ¹

Affiliation(s)

¹ Treasury Department, Bank of China, New York, NY 10018, USA

Corresponding Author

Yunpeng Zhao

ABSTRACT

In the era of big data, the diversity and unpredictability of corporate financial risks are becoming more prominent, and enterprises are facing more severe challenges when responding to changes in market dynamics. The traditional internal control system has been difficult to effectively deal with these emerging complex risks, resulting in greater pressure on the financial security of enterprises. This paper focuses on the challenges and countermeasures of enterprise financial risk prevention under the big data environment, and believes that enterprises must go beyond traditional thinking and actively adjust corporate culture and organizational structure to flexibly adapt to the rapid changes in the external environment. Enterprises should actively seek and establish strategic partnerships based on their own actual conditions, or join big data alliances to enhance their risk prevention and control capabilities with the help of external resources and data power.

KEYWORDS

Big data environment, Financial Risk Management, Enterprise internal control, risk response strategy, data protection, organizational structure optimization, Strategic alliance, data management

CITE THIS PAPER

Yunpeng Zhao, Research on the Challenges and Countermeasures of Enterprise Financial Risk Prevention under Big Data Environment Research on Data Security and Processing Technology. Financial Engineering and Risk Management (2024) Vol. 7: 164-169. DOI: http://dx.doi.org/10.23977/ferm.2024.070521.

REFERENCES

[1] Wang F, Hou Z, Juanatas R, et al. Research on Influencing Factors and Countermeasures of Risk Control of State-Owned Enterprises under the Background of Big Data[J].Proceedings of Business and Economic Studies, 2023, 6(6):128-133.
[2] You Z, Zhao S .Enterprise Digital Transformation and Financial Risk [J].Advances in Economics and Management Research, 2023. DOI:10.56028/aemr.4.1.114.2023.
[3] Yan Z .Research on enterprise risk prevention and control countermeasures based on business model innovation ––Taking Shandong as an example [J].IEEE, 2021.DOI:10.1109/ICEKIM52309.2021.00139.
[4] Peng C, Da F, Wu J, et al. China's local government debt risk assessment and countermeasures under the influence of COVID-19[J]. Procedia computer science, 2022, 199:354-360.DOI:10.1016/j.procs.2022.01.043.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics