For a long time， research on the financial risks of enterprises has always been an important topic in the financial field. Nowadays， the existence of financial risks will threaten the survival and development of enterprises in the fierce market competition environment， and it may even lead to the business emergency and even bankruptcy. There are many reasons for financial risks， including some uncontrollable external factors such as market environment and national policies， as well as controllable internal factors such as capital structure and corporate governance. Therefore， we can only start from the internal factors that can be measured and controlled to prevent and control financial risks effectively.
Among the internal factors affecting financial risks， the author of the book selects the aspect of corporate governance to perform research. In the past ten years， corporate governance of companies has continued to be more standardized than before in China. In particular， with strengthening of policy and legal construction and gradually standardizing of the securities market， the improvement of corporate governance of companies has been greatly promoted， and the reform and development of companies in China has also been promoted in the past five years. However， China is still in the process of transition from planned economy to market economy， which means the company's governance mechanism is still in its infancy， so there are still some problems in the governance mechanism of companies in China. If the capital structure is unreasonable， there are loopholes in internal control so that shareholders and senior management personnel may harm the company's interests in order to seek personal benefits. These factors will lead to an increase in financial risks， which threatens the company's development.
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