大程度上决定了其信誉。分析师会在评级中考虑管理技能。出色的商业管理技能对公司的成功有很多好处。然而,在评级管理中,它是从更全面的角度来评估的,而不仅仅是运营成功。公差是一个关键的决定因素。企业管理中的容忍度是指尽管存在其他可能阻碍企业顺利运营的因素,但仍能维持企业运营的能力。对该公司进行评级的因素包括保持市场地位,管理层有良好的业绩记录,合资企业的长期财务业绩,是否建立了有效的运营系统,这些都是评级定性分析的基础。
Rating base on management further takes into consideration the following. The company policy, establishment of policies should be in line with the objective of the business. These should stipulate the financial risks that are involved and incase the do exist, the appropriate ways to mitigate them. An analyst would particular concentrate on the financial risk polices created by the company.
基于管理层的评级进一步考虑以下因素。公司的方针、政策的制定应符合公司的经营目标。这些条款应规定所涉及的金融风险,如果确实存在,则应规定减轻这些风险的适当方法。分析师会特别关注该公司制定的金融风险政策。
Organizational considerations 组织方面的考虑
The senior management plays a significant role in determining the success of the business. The management is the core decision makers, and the analyst relies most on the decisions they make to run the decision. The number of people involved in the process of decision making and the frequency of its adjustments. Problem crops in when old decision are still being used to influence a business that is in an ever changing market trends.
高级管理层在决定企业成功与否方面发挥着重要作用。管理层是核心决策者,分析师最依赖他们所做的决策来执行决策。参与决策过程的人数及其调整频率。当旧的决策仍然被用来影响处于不断变化的市场趋势中的企业时,问题就出现了。
Adding to risk tolerance, the reliability and credibility in determining the creditworthiness are based on the tolerance. Businesses which are at high-risk financial aid are starting businesses. So many challenges are normally encountered in the business before it gains stability especially in a highly competitive environment. If the management can sustain such constraints and still be able to repay a particular loan with a stipulated time, then such a business could earn a higher rating in the credit rating agency (Pinto, 2006).
除了风险承受能力之外,本篇paper还指出确定信用度的可靠性和可信度也基于风险承受能力。处于高风险财政援助中的企业正在创业。在企业获得稳定之前,通常会遇到很多挑战,尤其是在竞争激烈的环境中。如果管理层能够维持这种限制,并且仍然能够在规定的时间内偿还特定的贷款,那么这样的企业可以在信用评级机构获得更高的评级。
Management strategy, any successful business should be able to anticipate the future base on its past and present. Having a short and long term strategies that predict the future and maintaining the strategies chosen to form the best platform for analysis. The short term plans short be engineered to ensuring maximum earnings to the business (Langohr & Langohr, 2010).
管理策略,任何成功的企业都应该能够在过去和现在的基础上预测未来。制定预测未来的短期和长期战略,并保持所选战略,以形成最佳的分析平台。短期计划旨在确保企业获得最大收益。
Quality analysis of corporate governance firms 公司治理企业的质量分析
Still, on the management of corporate firm have a bit complex management compared to other business as it has many people involve in senior management position forming the board of management of which must participate in decision making of affirms. The board should be effective. To ensure the effectiveness of the board its primary role of oversight and ability is important. Once the decisions have been made, then its implementation is by junior members. The analysis focuses on the capacity of the board to have a big oversight that would see smooth operation with emphasis on incentivizing management in the execution of the financial responsibilities (Langohr, & Langohr, 2010).
尽管如此,与其他企业相比,企业管理上的管理有点复杂,因为它有许多人参与高级管理职位的组建,而董事会必须参与肯定的决策。董事会应该是有效的。为了确保董事会的有效性,其主要监督作用和能力至关重要。一旦做出决定,就由初级成员来执行。分析的重点是董事会进行重大监督的能力,以确保平稳运作,并强调激励管理层履行财务责任。
The board should also be independent. An independent director would participate in decision management with a clear focused mind. Those executives with some degree of loyalty to their seniors do not make rational decisions as their decisions are influence by their relations which may set back the corporate especially its finances which the main point of focus in the rating
董事会也应该是独立的。独立董事将以清晰专注的心态参与决策管理。那些对上级有一定忠诚度的高管不会做出理性的决定,因为他们的决定受到他们关系的影响,这可能会阻碍公司的发展,尤其是财务状况,而财务状况是评级的主要关注点
Financial discipline and accountability is another major consideration by the credit rating of the business. Factors that are considered are the compensations within the organization. A corporate