Research on the Relationship Between the Integration of Industry and Finance and Enterprise Risk Management

Abstract

This paper explores the relationship between the integration of industry and finance and enterprise risk management in both theory and practice, so as to provide reference for enterprise managers, help them optimize the level of risk management and improve the efficiency of enterprise decision making.  In the process of globalization and the rapid development of information technology, enterprises are and continue to face more and more complex operational risks and financial risks, and the traditional financial management model is difficult to manage the related risks.  Through the integration of business and financial information, it can help enterprises to enhance their ability to identify and cope with risks, and enhance their market competitiveness, so as to ensure their sustainable development.  Based on literature review and empirical research, this paper finds that the integration of business and finance can significantly improve the speed of risk identification and processing efficiency of enterprises.  In view of the positive significance of the integration of business and finance to improve the level of risk management, corresponding suggestions are put forward to provide practical guidance for enterprises to improve the effectiveness of the integration of business and finance.