The Impact of Financial Risk Management System under Big Data on the Performance of Small and Medium-sized Enterprises

Xinyang Xu

doi:10.54691/fse.v2i9.2229

Authors

Xinyang Xu

DOI:

https://doi.org/10.54691/fse.v2i9.2229

Keywords:

Financial Risk, SMEs, Corporate Performance, Big Data

Abstract

In the past five years, financial risk events have occurred frequently, and the traditional financial risk management system has been unable to resolve the risks in the current network economy era in a timely manner. Big data technology is a research hotspot in recent years. This paper selects the data of my country's small and medium-sized board listed companies on June 31, 2022, and constructs a financial risk management system that combines financial indicators and non-financial indicators from the perspectives of financial risk early warning mechanism, big data theory and decision tree analysis. The empirical results show that big data technology promotes the construction of financial risk management system, and the improvement of financial risk management system is significantly positively related to the performance of small and medium-sized enterprises.

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