Research on Financial Risk Evaluation of Tobacco Companies Based on Entropy Weight TOPSIS

Abstract

Domestic economic development has switched from high-speed growth to a new stage of high-quality development, which makes domestic enterprises have to study the connotation of high-quality development. Financial risk assessment is one of the important basis for high-quality development, which promotes the relationship between balanced development and risk. This paper takes tobacco enterprises as the research object, through collecting the existing financial risk evaluation content of tobacco enterprises, and building the financial risk evaluation system, using entropy weight TOPSIS method, calculates the advantages and disadvantages of the financial risk work of each company under the same standard system, promotes benchmarking learning between different tobacco companies, improves the level of financial risk control, and promotes the high-quality development of tobacco enterprises.