1、外文文献翻译原文SMEINTERNALCONTROLANDRISKOFINVESTMENT资料来源HTTP/ENGHI138COM/I141511ABSTRACTTHESMALLANDMEDIUMENTERPRISESINTHECREATION,GROWTHANDEXPANSIONPROCESSOFDEVELOPMENT,WILLCONTINUETOINVESTASTHEINTERNATIONALSITUATIONANDTHEUNPREDICTABILITYOFNATIONALPOLICIESANDTHEENTERPRISESOWNPOLICYMISTAKESANDOTHERFACTORS,T
2、HEINVESTMENTACTIVITIESOFSMALLANDMEDIUMENTERPRISESCOULDHAVECAUSEDLOSSOFBUSINESSINORDERTOINVESTMENTLOSSESTOANACCEPTABLELEVEL,THEARTICLEANALYZESTHESMALLANDMEDIUMENTERPRISESINTHEINVESTMENTPROCESSINTHERISKSOFTHEIROWNCHARACTERISTICSFORSMES400CREATIVELYPUTFORWARDTHESTRATEGYDEALWITHINVESTMENTRISKKEYWORDSINV
3、ESTMENTRISKRISKFACTORSRISKANALYSISRISKCONTROLMEASURES30YEARSOFREFORMANDOPENINGUP,CHINASSMALLANDMEDIUMENTERPRISESARETHEMOSTSIGNIFICANTDEVELOPMENTCHINASGDPGROWTHOFSMESANDFORTHETRANSFEROFRURALSURPLUSLABORFORCEHASMADETREMENDOUSCONTRIBUTIONSBUTINTHECURRENTTURBULENCEININTERNATIONALFINANCIALSITUATIONANDTHE
4、OVERALLSLOWDOWNINTHEDEVELOPMENTOFTHEDOMESTICECONOMICENVIRONMENT,THESURVIVALOFSMALLANDMEDIUMENTERPRISES,DEVELOPMENTHASENCOUNTEREDGREATERDIFFICULTIESTHEAUTHORCONDUCTEDSURVEYSINNANTONG,JIANGSUPROVINCE,STUDIEDDOZENSOFSMALLANDMEDIUMENTERPRISES,THENOTEDUETOTHELACKOFCORPORATESTRUCTURE,MANAGEMENTOFSMALLANDM
5、EDIUMENTERPRISES,REJECTIONOFTHEMODERNENTERPRISEMANAGEMENTSYSTEMANDOTHERFACTORS,PLUSLIMITEDBYTHEQUALITYOFPERSONNEL,LACKOFRISKAWARENESSANDSOON,SMALLANDMEDIUMENTERPRISESAREOFTENMISTAKESININVESTMENTDECISIONS,INVESTMENTPROGRAMANDUNSCIENTIFICORINEFFECTIVEIMPLEMENTATIONCANNOTACHIEVETHEEXPECTEDBENEFITSIREVI
6、EWOFTHELITERATUREINTERNALCONTROLISATOPICOFOLDANDYOUNG,ITEXPERIENCEDANINTERNALCONSTRAINTS,INTERNALCONTROLSYSTEMS,INTERNALCONTROLSTRUCTUREANDINTERNALCONTROLINTEGRATEDFRAMEWORKOFTHEFOURSTAGESINTHISPROCESS,MANKINDHASACHIEVEDFRUITFULRESULTS,INTERNALCONTROLTHEORYISGETTINGMORESOPHISTICATEDINTERNALCONTROLRE
7、SEARCHINDEPTHANDBREADTHHASMADETREMENDOUSPROGRESSYANGZHOUNAN,WUXIN,2007INORDERTOGIVEFULLPLAYTOTHEEFFECTIVENESSOFINTERNALCONTROL,PEOPLESTUDYAVARIETYOFWAYS,BUTOFTENFROMATHEORETICALPOINTOFVIEWTOSOLVETHEPROBLEMWELL,SUCHASTHEEMPHASISONBUILDINGASCIENTIFICANDEFFECTIVECORPORATEGOVERNANCESTRUCTURE,STRENGTHENI
8、NTERNALAUDITINGCONTROLSMENGYAN,SUNLIHONG,2004TO“LEARNINGORIENTED“BASICFRAMEWORKFORTHEREDEVELOPMENTOFTHECONCEPTOFINTERNALCONTROLTOBUILDISBASEDONBEHAVIORANDNOTJUSTINTERMSOFIMPROVINGTHEINTERNALCONTROLYANGXIONGSHENG,2006ANDSOONASTHERISKOFIMPORTEDGOODSFORTHETERMRISK,ACCORDINGTOAIWAERDEEWALDRESEARCH,ITSFR
9、OMTHEITALIANRISQUE,BEUNDERSTOODASTHEDANGEROFANOBJECTIVEREALITY,SHOWINGANATURALPHENOMENONLIZHONGHUA,2008RISKSARETHEINTRODUCTIONOFFINANCE,AFTERTHEORIGINALISNOLONGERANATURALPHENOMENONFINANCIALRISKREFERSTOTHEFINANCIALSYSTEMSOTHATTHERISKFACTORSTHATEXISTINAPARTICULARACCOUNTINGENTITYLOSSESUNCERTAINTYTHEORI
10、STSANDPRACTITIONERSONHOWINTERNALCONTROLSINCLUDINGACCOUNTINGCONTROLTOEFFECTIVELYGUARDAGAINSTFINANCIALRISKSUNDERTAKENMASSIVERESEARCHINTERNALCONTROLPRACTICESANDMEASURESNOTONLYINBUSINESSMAINLYLARGESCALEENTERPRISEGROUPLEVEL,ALSOATTHENATIONALLEVEL,ANDEVENINTERNATIONALLEVELSTODEVELOPINTERNALCONTROLPRACTICE
11、SANDMEASURESTODEVELOPTHEMAINBODY,THEREHAVEBEENBUSINESSES,CIVILSOCIETYANDGOVERNMENTSTOWORKTOGETHERTHESITUATIONINCHINAHASMAINLYTAKENTHEFORMOFADMINISTRATIVEREGULATIONSTODEVELOPTSECHIWAH,2007,SUCHASTHEPEOPLESREPUBLICOFCHINAMINISTRYOFFINANCEONMARCH2,2007ISSUE“ONTHEISSUANCEOF“INTERNALCONTROLPRACTICESBASIC
12、STANDARDS“AND17SPECIFICSTANDARDSDRAFTOFTHENOTICE“ACCOUNTINGWILLBE20077THETHEORETICALRESEARCHANDADMINISTRATIVEREGULATIONSOFTHESCHOLARSANDTHEPOSITIVESIGNIFICANCEOFLARGEENTERPRISEGROUPS,CANTHEOWNERSOFSMALLANDMEDIUMENTERPRISES,ITSAPPLICABILITYTOBEIMPROVEDINTERNALCONTROLSWEHAVESTUDIEDTHEULTIMATEGOALISTOH
13、ELPCOMPANIESCONTROLRISK,BUTNOTFORRESEARCHSTUDIES,INORDERTOREGULATETHENORMS,WESHOULDBECONCERNEDABOUTTHEAUDIENCERESEARCHALSOINCLUDESALARGENUMBEROFSMALLBUSINESSOWNERSTOTHISEND,ASAVERYPRACTICALRESEARCHER,ANOBLIGATIONTOUSEPOPULARLANGUAGEANDTHEMOSTDIRECTWAYTOTELLSMALLBUSINESSOWNERS,THEIRBUSINESSESMAYBEWHA
14、TRISKS,WHATMEASURESSHOULDBETAKENTOCONTROLRISKTHEREFORE,INORDERTOHELPSMESTOAVOIDINVESTMENTFAILURE,THISARTICLEONLYTHESMEINVESTMENTRISKANDINTERNALCONTROLMEASURESTOMAKETHEFOLLOWINGEXPLORATORYRESEARCHSECOND,THECONCEPTOFINVESTMENTANDTHESCOPEOFINVESTMENTSREFERTOASPECIFICECONOMICENTITIESINCLUDINGTHESTATE,EN
15、TERPRISESANDINDIVIDUALSINORDERINTHENEXTFORESEEABLEPERIODOFTIME,ARETURNORFORMAKINGMONEYVALUE,INACERTAINTIMETOCERTAINAREASOFTHESUBJECTMATTEROFTHEAMOUNTOFFUNDSINVESTEDENOUGHMONEYORINKIND,SUCHASTHEECONOMICEQUIVALENTOFBEHAVIORTHEMINISTRYOFFINANCEACCOUNTINGQUALIFICATIONSEVALUATIONCENTER,2007FROMTHEBUSINES
16、SPOINTOFVIEW,THEINVESTMENTINCOMEISTHEBUSINESSINORDERTOOBTAINACERTAINOBJECTORINVESTMENTTOTHEECONOMICBEHAVIORINCLUDINGINVESTMENTINFIXEDASSETS,INTANGIBLEASSETS,INVESTMENTS,OTHERLONGTERMASSETS,INVESTMENTS,CURRENTASSETSINVESTMENT,REALESTATEINVESTMENT,PORTFOLIOINVESTMENT,FUTURESANDOPTIONS,INVESTMENTS,TRUS
17、TSANDINSURANCE,INVESTMENT,ETCFORSMESTOINVESTMOREINTHEPERFORMANCEOFTHEEXPANSIONOFPRODUCTIONSCALE,BECOMEMORECOMMONINFIXEDASSETSINVESTMENT,INCLUDINGCONSTRUCTIONOFFACTORIES,BUYMACHINERY,BUYINGACARASTHEENTERPRISEDEVELOPMENTSTRATEGY,HUMANRESOURCESANDOTHERFACTORSWITHTHECONSTRAINTSOFSMALLANDMEDIUMENTERPRISE
18、SONNONPRODUCTIONANDMANAGEMENTINTHISCASETHECAPITALMANAGEMENTANDOPERATIONOFSMALLANDMEDIUMENTERPRISESANDSMALLSCALEEXPANSIONOFTHEDEMANDTHISSTUDYISONLYSMALLANDMEDIUMENTERPRISESTOEXPANDTHESCALEOFPRODUCTIONANDOPERATIONOFTHEFINANCIALRISKANDRISKCONTROLMEASURESTHIRD,INVESTMENTRISKFACTORSANDRISKANALYSISOFTHEIN
19、VESTMENTPROCESSATHECONCEPTOFINVESTMENTRISKANDRISKFACTORSTHEINVESTMENTRISKISDUETOTHEOBJECTIVEEXISTENCEOFINVESTMENTRISKFACTORS,ARESULTOFINVESTMENTFAILURE,THEPOSSIBILITYOFLOSSTOTHEENTERPRISEUNCERTAINTYRISKFACTORSINCLUDETHEFOLLOWINGASPECTSWENYALI,20061,POLICYRISKSITISTHEMEANSOFNATIONALMACROECONOMICPOLIC
20、YCHANGESDUETOTHESMALLANDMEDIUMENTERPRISESANDTHEPOSSIBILITYOFINVESTMENTLOSSESIFAPRODUCTIONOFBICYCLETIRESINSMALLMANUFACTURINGENTERPRISES,FORFAILINGTOTAKEINTOACCOUNTTHESTATEFORTHECONTROLOFENVIRONMENTALPOLLUTIONANDTHEPROHIBITIONOFTHEUSEOFCOALBASEDSMALLBUSINESSASMALLBOILERTHISFACTORWHENINVESTINGINLESSTHA
21、NTWOYEARSWASFORCEDTOSTOPPRODUCTIONTHECOMPANYWASFOUNDEDLESSTHANTWOYEARSCANNOTRECOVERTHEFULLINVESTMENTPERIODINORDERTOREDUCEINVESTMENTLOSSES,THEENTERPRISEHADTOMOSTOFTHEMACHINERYANDEQUIPMENTINCLUDINGRUBBERMIXINGEQUIPMENT,CURINGEQUIPMENTASALESMANWHOCHEAPENS2,MARKETRISKSHISISDUETOMARKETSUPPLYANDDEMANDRELA
22、TIONSANDCHANGESINOTHERFACTORSTOSMESTHEPOSSIBILITYOFINVESTMENTLOSSESNANTONG,JIANGSUPROVINCE,ISCHINASMODERNTEXTILEINDUSTRY,ONEOFTHEMOREDEVELOPEDREGIONS,WHERESMALLANDMEDIUMSIZEDCOTTONTEXTILEENTERPRISESABOUND,THEREISNOLACKOFFAMILYASAUNITOFPRODUCTIONANDPROCESSINGENTERPRISESASTHESESMALLANDMEDIUMENTERPRISE
23、SINTHEDECISIONTOSTARTTHECOTTONTEXTILEFACTORYATTHEBEGINNINGRARELYTIMELY,SYSTEMATIC,PROFESSIONALMARKETRESEARCHANDFEASIBILITYANALYSIS,INTHEEVENTOFNATIONALMACROTIGHTENING,WHENALARGENUMBEROFSMALLANDMEDIUMENTERPRISESOFFUNDSFORWHICHHAVECLOSEDDOWN3,TECHNICALRISKSHISISDUETOSOMEKINDOFPRODUCTIONTECHNOLOGYANDCE
24、RTAINTECHNICALCONTENTOFTHESYSTEMBYTHEPASSAGEOFTIMETHEASSETSBECOMERELATIVELYLAGGINGBEHIND,RESULTINGININVESTMENTPROJECTS,DIFFICULTTOACHIEVETHEEXPECTEDRETURNPOSSIBILITIESANOTHERLAYEROFRISKTOINVESTINTECHNOLOGYINCONTEXTANEWTECHNOLOGYWITHOUTAMARKETBECAUSEOFITSTESTING,ITSMATURITY,RELIABILITYISDIFFICULTTOEN
25、TIRELYSUREAROUNDTHETECHNOLOGYCARRIEDOUTBYINVESTMENTINCOMEHAVEGREATERUNCERTAINTY4,THEQUALITYOFPERSONNELRISKITISTHEMEANSOFTHEIROWNBECAUSEOFTHEQUALITYOFDECISIONMAKERSINVESTINSMES,THEIMPLEMENTATIONPROCESSINTHEINVESTMENTMANAGEMENTANDOPERATIONSPERSONNELTHEQUALITYOFFACTORSHAVECONTRIBUTEDTOINVESTMENTINTHEPO
26、SSIBILITYOFFAILUREMANYSMALLBUSINESSOWNERSIDONOTHAVETOMAKEANINVESTMENTDECISIONMAKINGOVERALLQUALITYINTHEINVESTMENTPROJECTIMPLEMENTATIONPROCESS,THESMESLACKOFDUEPROFESSIONALCARETHEMAINREASONANDDONOTCONSIDERHIRINGPROFESSIONALSSUCHASTHEPROJECTMANAGERONTHEINVESTMENTPROJECTPREPARATIONADETAILEDBUDGETANDADOPT
27、THEBIDSANDOTHERMARKETINSTRUMENTSTOREDUCEINVESTMENTPROJECTSINEXPENSESBINVESTMENTINTHEPROCESSOFRISKANALYSISSOURCESOFRISKFROMTHEINVESTMENTPERSPECTIVE,INVESTINGINRISKFACTORSFROMOUTSIDETHEENTERPRISEFACTORS,SUCHASPOLICYRISK,MARKETRISK,TECHNICALRISKBUTALSOFROMINTERNALFACTORS,SUCHASTHEQUALITYOFPERSONNELRISK
28、STHEOCCURRENCEOFANINVESTMENTLOSSMAYBEINDEPENDENTOFEXTERNALFACTORSORINTERNALFACTORSPLAYEDAROLE,ITCOULDBEEXTERNALFACTORSORINTERNALFACTORSPLAYEDAROLEINORDERTOSTUDYSMALLANDMEDIUMENTERPRISESTOINVESTINTHERISKCONTROLMEASURES,THISARTICLEWILLBESMALLANDMEDIUMENTERPRISESINTHEINVESTMENTPROCESSISDIVIDEDINTOTHEFO
29、LLOWINGASPECTSOFRISKANALYSIS1,THERISKOFINVESTMENTDECISIONSINTHEORY,SMALLANDMEDIUMENTERPRISESSHOULDBEBASEDONTHEIROWNLONGTERMDEVELOPMENTSTRATEGY,LONGTERMINVESTMENTPLANSANDTHEINVESTMENTENVIRONMENTCHANGES,TOGRASPTHEINVESTMENTOPPORTUNITIES,ANDACCURATELYLOCATETHEAREAOFINVESTMENTANDINVESTMENTTARGETSMAYBEAM
30、ATTEROFFACT,MANYSMESAREOFTENDUETOVARIOUSREASONS,HAVECHOSENTHEWRONGTARGETINVESTMENTAREASANDINVESTMENT,THUSBEGINNINGABUSINESSINVESTMENTDECISIONTHEIRINVESTMENTISBOUNDTOFAIL2,THERISKOFINVESTMENTPROGRAMSSINCEINVESTMENTPROGRAMMINGISNOTTIMELY,SCIENTIFICORWITHATIMELY,SCIENTIFICINVESTMENTPROGRAM,BUTFAILEDBEC
31、AUSEOFINEFFECTIVEIMPLEMENTATIONERSHIINVESTMENTPOSSIBILITIES,NAMELY,THERISKOFINVESTMENTPROGRAMSINVESTMENTPROGRAMRISKSINCLUDEFEASIBILITYANALYSISOFRISKINVESTMENTPROGRAM,INVESTMENTRISKANDINVESTMENTPROGRAMSELECTIONPROGRAMIMPLEMENTATIONRISKSINVESTMENTPROGRAMFEASIBILITYANALYSIS,INCLUDINGANALYSISOFTHEECONOM
32、ICVIABILITYOFINVESTMENTPROJECTS,TECHNICALFEASIBILITYANALYSISANDFINANCIALFEASIBILITYANALYSIS,THEMOSTIMPORTANTTHINGISTHEFINANCIALFEASIBILITYANALYSISASTHEFEASIBILITYANALYSISERRORS,WHICHLEDTOTHEPOSSIBILITYOFFAILUREOFINVESTMENTPROGRAMS,NAMELY,THEFEASIBILITYOFINVESTMENTPROGRAMSINRISKANALYSISINTHEORY,INDET
33、ERMININGANINVESTMENT,THESMALLANDMEDIUMENTERPRISESSHOULDBEPREPAREDTOTWOORMOREPROGRAMSTOCHOOSEFROMTHECHOICE,ASCOMPANIESCHOSETOINVESTINNONOPTIMALSOLUTIONERSHITHEPOSSIBILITYOFFAILUREORONLYAPROGRAMOFINVESTMENTSTOCHOOSEFROMERSHITHEPOSSIBILITYOFFAILURE,NAMELY,THECHOICEOFTHERISKOFINVESTMENTPROGRAMSINTHEINVE
34、STMENTPROGRAMIMPLEMENTATION,BECAUSEOFPOROUS,POORLYERSHIINVESTMENTTHEPOSSIBILITYOFFAILURESHALLBETHEIMPLEMENTATIONOFTHERISKOFINVESTMENTPROGRAMSFOURTH,INVESTMENTRISK,INTERNALCONTROLSTRATEGICRECOMMENDATIONSALTHOUGHTHESMEINVESTMENTWILLBEFACINGAVARIETYOFRISKS,THERISKOFINVESTMENTPERFORMANCEISVASTLYDIFFEREN
35、TBUTASLONGASSMALLANDMEDIUMENTERPRISESTOTAKEAPPROPRIATEINTERNALCONTROLMEASURES,SMESCANTOAVOIDINVESTMENTRISKS,WHICHWILLMINIMIZEINVESTMENTLOSSES,THEBUSINESSOWNERSTHEYCANANACCEPTABLELEVELTOTHISEND,THISPAPERPROPOSESTHEFOLLOWINGINTERNALCONTROLRECOMMENDATIONSAESTABLISHTHEINVESTMENTRISKAWARENESS,STRICTCONTR
36、OLOFENTERPRISESCALEGOVERNANCESTRUCTUREOFSMALLANDMEDIUMENTERPRISESARELESSDEVELOPED,ITSPOLICYMAKERSAREMOSTLYOWNERSTHEMSELVESMANYOWNERSCANNOTUSETHEECONOMICSANDFINANCIALMANAGEMENTDECISIONMAKINGTOOLSONTHEDECISIONMAKINGSMEBUSINESSOWNERSSHOULDDOMORETOSTUDYFINANCIALMANAGEMENTKNOWLEDGE,INCREATINGANDOPERATING
37、BUSINESSESTHROUGHOUTTHEPROCESSMUSTBEFIRMLYESTABLISHED“INVESTMENTRISK“CONSCIOUSNESSINCEPTIONINTHEENTERPRISE,COMPANIESNEEDMOREINPUTANDOUTPUTSMALL,MOSTLYSMALLANDMEDIUMENTERPRISESARELOSINGMONEYBUSINESSRISKSOFRESISTANCEAREVERYFRAGILESMESSHOULDBE“HOWTOSURVIVE“ASTHEPRIMARYBUSINESSDEVELOPMENTGOALSYANGHAIPIN
38、G,CUIRONGFANG,2008INATIMEWHENBUSINESSGROWTH,THERAPIDDEVELOPMENTOFSMALLANDMEDIUMENTERPRISESINTOTHECHANNELATTHISPOINT,COMPANIESHAVEACERTAINAMOUNTOFSALESREVENUEANDCASHTHEAMOUNTOFEXTERNALFINANCINGMOREEASILYTHANTHECOMPANIESFOUNDEDATTHEBEGINNINGATTHISPOINTMOSTLIKELYTOPRODUCESMALLANDMEDIUMENTERPRISESTOEXPA
39、NDPRODUCTIONSCALEOFTHEIMPULSE,BUSINESSOWNERSSHOULDSTRICTLYCONTROLTHEINVESTMENTSCALETOAVOIDTHEFALLINTOTHE“BIGGERANDSTRONGER“TRAPTHEOCCASIONOFMATURITYINTHEENTERPRISE,SMALLANDMEDIUMENTERPRISESINVIGORATINGPRODUCTSALES,ANDCASHHASASURPLUSATTHISTIMEOFTHESMEOWNERWILLWANTTOEXPANDENTERPRISESCALEHOWEVER,THESME
40、OWNERCANNOTBECARRIEDAWAYBYTHEIMMEDIATESUCCESS,THEREMUSTBEVIGILANTINPEACETIME,THEHEARTOFCAUTIONWALKINGONTHINICE,WILLCONTROLTHEPRODUCTIONSCALEOFENTERPRISESINTHEENTERPRISECANBECONTROLLEDWITHINTHECONTEXTOFWHENTHEENTERPRISE,ONCEENTEREDARECESSIONWHENTHEINVESTMENTNEEDSOFSMESTOBEMOREVIGILANTSINCETHERECESSIO
41、NINTHEENTERPRISE,DUETORUSHTOBAILOUTSMALLANDMEDIUMENTERPRISES,BUSINESSESHADTOFINDANEWECONOMICGROWTHPOINTS,SUCHASCONVERTINGINORDERTOPRODUCERESTRUCTURING,SMESMUSTBEANEWROUNDOFINVESTMENTINFIXEDASSETS,INCLUDINGTHEPURCHASEOFMACHINERYANDEQUIPMENT,TRANSFORMINGTHEORIGINALPLANTOREXPANSIONOFNEWPLANTSANDSOONTHE
42、DECISIONMAKINGATTHISPOINT,IFSMESARENOTCAREFUL,CANNOTBEWELLPLANNEDSCALEOFINVESTMENTISLIKELYTOFALLINTOOTHERPEOPLEHAVEALREADYDUGA“HOLE“INSIDEBIMPROVETHEINVESTMENTDECISIONMAKINGMECHANISM,REFUSEDTO“SAY“,“PATRIARCHAL“SMESAREOFTENFOUNDERSONTHEIROWNABILITYTOWORKHARDINTHEMARKETAFTERMANYYEARSTOGROWUPBUSINESSO
43、WNERSTHATIS,THE“BOSS“TENDTOJUDGETHEIRABILITY,LEADERSHIP,DECISIONMAKINGSKILLSOVERCONFIDENTTHEYWILLCONSCIOUSLYORUNCONSCIOUSLYEXCLUDETHESEPARATIONOFPOWERSASTHECHARACTERISTICSOFAMODERNENTERPRISESYSTEMXUEXING,DOUYAN,2008WHENMAKINGINVESTMENTDECISIONS,BUSINESSOWNERSWILLNOTBEPRIORCONSULTATIONWITHEXPERTS,ACC
44、OUNTANTSADVICE,ANDNOTEVENCONSULTWITHTHEIRLOVEDONESISTOTALLY“PATRIARCHAL“,“ISAYGOES“WHENTHESMALLANDMEDIUMENTERPRISESISSTILLINTHEFAMILYPRACTICEDONACOTTAGE,THISDECISIONMAKINGMAYBEEFFECTIVEBUTGROWINTHEENTERPRISE,THISAPPROACHISCLEARLYTOGIVEACOMPANYHASINCURREDGREATERRISKTOCONTROLINVESTMENTRISK,SMESHAVETOC
45、HANGETHEDECISIONSOFTHE“PATRIARCHAL“,“ISAYGOES“APPROACH,ANDFULLYLISTENTOALLSUGGESTIONSCTHEPREPARATIONOFADETAILEDINVESTMENTBUDGETTOINVESTINOVERALLCONTROLANANCIENTSAYINGGOESFOREWARNEDISFOREARMEDANDWITHOUTPREJUDGINGTHEWASTEHERE,THE“PRE“INTERMSOFBUSINESSINVESTMENT,SHALLBETHEBUDGETBEFOREMAKINGINVESTMENTDE
46、CISIONS,SMESMUSTBETHESPIRITOF“SAVINGAPENNYEACH,“THEPRINCIPLETODOBUSINESS,ACCORDINGTOINVESTMENTTARGETSANDINVESTMENTPROGRAMSINTHEPREPARATIONOFADETAILEDBUDGET,SOTHATMETHODISSCIENTIFIC,ANDCOMPREHENSIVECONTENTINTHEINVESTMENTIMPLEMENTATIONPROCESS,MUSTBESTRICTLYBUDGETARYCONTROL,SOTHATGOODANDPROVINCESYANGXI
47、ONGSHENG,CHENZHIBIN,CHENSHENGJUN,2003DGOODEXTERNALFINANCIALEXPERTS,TOIMPROVETHEQUALITYOFINTERNALSTAFFTOINVESTINRISKCONTROLISAVERYSTRONGPROFESSIONALANDTECHNICALWORKSOMETIMES,THEBOSSSPERSONALDECISIONALONELEDTOTHEFAILUREOFANINVESTMENT,GIVINGALOSSTOBUSINESSOWNERSMOSTOFTHEMANAGERSOFSMESISTHEBOSSTHENEXTOF
48、KIN,WHOAREVERYLOYALTOTHEBOSSMAYNOTNECESSARILYHAVEFINANCIALEXPERTISETHEQUALITYOFPERSONNELISNOTHIGHINSUCHCIRCUMSTANCES,EXTERNALFINANCIALEXPERTS,SMALLBUSINESSOWNERSTOLEARN“USINGTHECHICKENSLAYEGGS“THEEXPERTSREQUESTEDTIMELYINVESTMENTINFEASIBILITYANALYSIS,PREPARATIONOFINVESTMENTBUDGETS,TOINVESTINTHEIMPLEM
49、ENTATIONOFTHEWHOLEPROCESSOFINVESTMENTFORTHEENTIREMONITORVCONCLUSIONINVESTMENTISRISKY,BUTTHEBULLMARKETSBIGGESTRISKISNOTTOINVESTCANFALLTHROUGHTHEROUND,MOREINVESTORSINTHISCASECAPITALINVESTORSTOINVESTINTHEEXPECTEDBENEFITSANDUNEXPECTEDUNDERSTANDINGOFTHERISKHASUNFORGETTABLEFORSMES,INVESTMENTINCLUDINGTHEEXPANSIONOFENTERPRISESCALE,LIKEADOUBLEEDGEDSWORDINVESTMENTINCOMEANDINVESTMENTRISKSWILLALWAYSGOHANDINHAND译文中小企业内部控制和风险投资资料来源HTTP/ENGHI138COM/I141511摘要中国的中小企业将继续进行投资以此来进行发展和壮大。但是，国际形势和民族政策的不可预知性和企业本身的政策失误以及其他方面的原因，可能会对投资中小企业活动带来商业损失。为了使投资损失降到企业可以接受的水平，本文分析了我国中小企业在投资过程中所具有的风险以及各风险的特点，还创造性地提出了如何利
