可转债被视为企业内部的一种资本结构调整机制,兼具债权和期权的特性,是我国企业进行融资的一种创新型工具。研究表明,企业采用可转债融资能够降低企业的资产负债率,优化企业的资本结构和治理结构,进而不断地提高企业的核心竞争力,但由于多种因素的存在,可转债包含着多种多样的风险,其中财务风险是企业采用可转债融资方式面临的主要风险之一,而且国内对可转债财务风险的研究比较少,因此,本文拟对企业可 Convertible bonds are regarded as a kind of capital structure adjustment mechanism within an enterprise. They have the characteristics of both claims and options and are an innovative tool for the financing of enterprises in our country. The research shows that adopting convertible bonds financing can reduce the ratio of assets and liabilities of enterprises, optimize the capital structure and governance structure of enterprises, and further improve the core competitiveness of enterprises. However, due to many factors, convertible bonds contain more Among them, the financial risk is one of the main risks that enterprises face when adopting convertible bonds financing, and the domestic research on the financial risk of convertible bonds is relatively few. Therefore,