A化工企业融资现状及融资策略研究

发布时间：2018-01-19 10:34

本文关键词： 中小企业融资融资决策层次分析法私募股权融资　出处：《西南交通大学》2017年硕士论文　论文类型：学位论文

【摘要】：我国的中小企业具有经营方法灵活的特征,这个特征使他们可以快速顺应复杂多变的市场竞争且在竞争中占据一定优势,同时,中小企业的成长也极大地促进了我国国民经济的发展,在市场经济中充满活力与朝气。中小企业能够帮助就业的扩大、加快技术创新以及推动经济稳定增长等。然而,由于受到宏观市场成长环境、国家政策限制、企业自身素质有待提高等多种因素的限制,我国的中小企业在前进的道路上面对着经营缺少资本、融资不易的问题,这将直接影响到中小企业对核心技术的创新研发、研发成果的转化和产业优化等各个环节,极大的束缚了我国中小企业快速成长的脚步,也拖慢了我国经济的发展节奏。A企业是一家化工企业,主要从事化工商品的生产与销售,主营产品是硝基复合肥和三聚氰胺,其生产过程的中间产品如尿素,硝酸铵等也是本公司的主营产品。本文通过分析A化工企业的经营情况、融资现状和融资现有问题,结合可供A化工企业采用的融资方式,分析和探讨A化工企业的融资策略,希望为A化工企业制定出适合A公司战略发展的融资策略,实现拓宽融资渠道,减少融资成本,合理资本结构,推动A化工企业进一步发展壮大的目标。本文通过文献研究法分析我国中小企业融资的现实情况和造成目前中小企业融资较难的主要原因。然后通过案例分析法和访谈法结合分析A化工企业的经营情况和融资现状,探讨A化工企业能够选择的融资方式。再根据影响A化工企业融资决策的因素构建AHP层次分析模型,选择出最适合A化工企业的融资方式。通过以上研究本文得出了解决A公司融资难问题的有效途径之一——私募股权融资。通过这个融资方案不仅能满足A化工企业的资金缺口,还能实现拓宽融资渠道,减少融资成本,合理资本结构,推动A化工企业进一步发展壮大的目标。本文的创新点在对A化工企业融资决策的选择中大胆运用层次分析法,使得决策过程更加直观,也能够为企业的融资决策提供一个新的量化选择。
[Abstract]:The small and medium-sized enterprises of our country have the characteristic of flexible management method, this characteristic enables them to adapt to the complex and changeable market competition and occupy a certain advantage in the competition, at the same time. The growth of small and medium-sized enterprises has greatly promoted the development of the national economy in China, full of vitality and vitality in the market economy. Small and medium-sized enterprises can help the expansion of employment. However, due to the macro-market growth environment, national policy constraints, the quality of enterprises need to be improved and other factors. The small and medium-sized enterprises in our country are facing the problem of the lack of capital and the difficulty of financing on the way forward, which will directly affect the innovation and development of the core technology of the small and medium-sized enterprises. The transformation of research and development results and industrial optimization and other links, greatly constraining the pace of rapid growth of small and medium-sized enterprises in China, but also slowed down the pace of economic development of our country. A enterprise is a chemical enterprise. Mainly engaged in the production and marketing of chemical commodities, the main products are nitro compound fertilizer and melamine, its production process of intermediate products such as urea. Ammonium nitrate is also the main product of the company. This paper analyzes the operating situation of A chemical enterprise, the current financing situation and the existing problems of financing, combined with the financing methods available for A chemical enterprise. This paper analyzes and discusses the financing strategy of A chemical enterprise, hoping to make a financing strategy suitable for A chemical company's strategic development, to widen the financing channel, to reduce the financing cost and to make the capital structure reasonable. This paper analyzes the current situation of financing of small and medium-sized enterprises in China and the main reasons for the difficulty of financing of small and medium-sized enterprises through literature research. And interview method combined with the analysis of A chemical enterprise management and financing status. This paper discusses the financing mode that A chemical enterprise can choose, and then constructs the AHP Analytic hierarchy process (AHP) model according to the factors that influence the financing decision of A chemical enterprise. Choose the most suitable financing method for A chemical industry. Through the above research, we get one of the effective ways to solve the financing problem of A company-private equity financing. This financing scheme can not only meet the A chemical industry. Corporate funding gap. It can also widen the financing channels, reduce the financing cost and reasonable capital structure. The innovation of this paper is to use AHP in the choice of financing decision of A chemical industry, which makes the decision-making process more intuitive. It can also provide a new quantitative choice for the financing decision of enterprises.
【学位授予单位】：西南交通大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.7;F406.7

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