Author(s)

Mingguang Yao ^1,2

Affiliation(s)

¹ School of Economics, Shanghai University, Shanghai, 200444, China
² School of Tourism ＆Leisure Management, Shanghai Institute of Tourism, Shanghai, 201418, China

Corresponding Author

Mingguang Yao

ABSTRACT

In modern economic transactions, information asymmetry between buyers and sellers is common, and interest disputes often arise between buyers and sellers. In order to solve the legal risks caused by this phenomenon, this article mainly studied how to effectively manage legal finance and improve relevant systems. After that, it designed a risk management model for legal finance, and then conducted a functional test of the model. The test results showed that the risk identification rate of the legal and financial risk management model based on applied economics majors was as high as 93% to 95%. It has reduced various social contradictions and conflicts caused by the lack of theoretical basis for application and reduce the probability of unnecessary losses. It has also provided certain reference value for judicial practice to achieve the goal of rule of law construction, maintain stable development of market order, and promote economic transformation and upgrading.

KEYWORDS

Applied Economics, Legal Finance, Risk Management, Management Research

CITE THIS PAPER

Mingguang Yao, Risk Management in Legal Finance in Applied Economics. Financial Engineering and Risk Management (2023) Vol. 6: 48-55. DOI: http://dx.doi.org/10.23977/ferm.2023.060407.

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