Author(s)

Xie Bo, Wang Yifei, Lin Ximan

Corresponding Author

Xie Bo

ABSTRACT

In order to promote the healthy development of the communications equipment industry and improve the efficiency of investors’ use of funds, objectively evaluate the comprehensive competitiveness of financial risk of listed companies in my country’s communications equipment manufacturing industry. Taking 25 listed companies in the communication equipment manufacturing industry in China as the research object, selecting indicators that reflect debt solvency, operating capacity, profitability, risk level, development capacity, etc., using entropy method, TOPSIS evaluation method and cluster analysis to establish communication Comprehensive competitiveness evaluation system for financial risk of equipment manufacturing industry. The results of the study show that debt solvency and surplus capacity have a greater impact on the comprehensive competitiveness of corporate financial risks, and the concentration of equity also plays an important role in whether a company can achieve long-term stable financial development. Finally, it puts forward specific suggestions for the listed companies in the communication equipment manufacturing industry to improve their comprehensive competitiveness in financial risk and achieve their sustainable development.

KEYWORDS

communication equipment manufacturing industry, influencing factors, competitiveness, entropy weight TOPSIS method, cluster analysis