Developing a Risk Management Model for Modern Enterprise Financing: Insights from the Digital Health Sector

Abstract

This paper explores the integration of the digital health concept within the economic sector, specifically examining its impact on the financing behaviors of modern enterprises. It addresses the "health" of financing activities by constructing a risk-bearing model tailored for modern enterprise financing and developing a comprehensive risk identification program. Utilizing the ISM-FAHP model, we establish a robust framework for evaluating enterprise financing risks. The study then delves into the effects of green finance on enterprise financing, analyzing its influence on various financing instruments such as Debt Ratio (DR), Financial Risk (FR), Loan to Deposit Ratio (LDR), and Investment (INV). The findings reveal that green finance exerts a dampening effect on these instruments, reducing their utility scores to -0.18, -0.08, -0.01, and -0.07, respectively. Additionally, the comprehensive financing risk index for Enterprise A in 2019 was calculated at 0.5026, categorizing it at an intermediate risk level, indicating substantial financing risk. Furthermore, the application of green financial policies appears to mitigate financing risks, suggesting that these policies can serve as effective tools for enterprises aiming to manage and reduce their financing risks. This study underscores the necessity for enterprises to rigorously assess their financing strategies to navigate and mitigate excessive financial risks effectively. The integration of digital health principles into financial risk management offers a novel perspective for enhancing the sustainability and resilience of enterprise financing strategies.