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10 July 2020 Fund Management and Risk Control of Listed Ocean Shipping Companies Based on Cost Control Theory
Yan Lin, Sufen Han
Author Affiliations +
Abstract

Lin, Y. and Han, S., 2020. Fund management and risk control of listed ocean shipping companies based on cost control theory. In: Gong, D.; Zhang, M., and Liu, R. (eds.), Advances in Coastal Research: Engineering, Industry, Economy, and Sustainable Development. Journal of Coastal Research, Special Issue No. 106, pp. 237–241. Coconut Creek (Florida), ISSN 0749-0208.

Fund management and risk control of listed ocean shipping companies directly affect the development of enterprises, and cost control is an effective method to improve the ability of fund management and reduce risks. This article attempts to study the fund management and risk control of listed shipping companies based on cost control theory. To this end, it first explores the factors affecting the shipping costs of listed ocean shipping companies, then analyzes the change trends of fund management and risk control in these companies. Finally, it proposes the construction of financial risk management mechanisms for listed ocean shipping companies. The research found that the interaction between internal environmental factors and external environmental factors together affected the transportation costs of listed ocean shipping companies. Taking COSCO Group as an example, it was found to have particular cash financing risk, and its short-term debt service risk was low, but in the long run, COSCO Group has a high debt repayment risk. Cost control is conducive to reducing corporate costs, and COSCO's financial assets have good potential. China's listed ocean shipping companies should establish a financial risk management system, and their financial risks should be measured in terms of profitability, solvency, economic efficiency, etc. The research findings play a significant role in improving the fund management capabilities and reducing risks of China's listed ocean shipping companies.

©Coastal Education and Research Foundation, Inc. 2020
Yan Lin and Sufen Han "Fund Management and Risk Control of Listed Ocean Shipping Companies Based on Cost Control Theory," Journal of Coastal Research 106(sp1), 237-241, (10 July 2020). https://doi.org/10.2112/SI106-056.1
Received: 30 November 2019; Accepted: 5 January 2020; Published: 10 July 2020
KEYWORDS
capital/fund management
cost control
risk control
shipping company
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