煤炭企业稳步推进市场化债转股策略研究

发布时间：2018-02-22 01:10

本文关键词： 煤炭企业市场化债转股资产负债率　出处：《会计之友》2017年22期 　论文类型：期刊论文

【摘要】：近年来,煤炭企业债务规模不断扩大,偿债能力严重不足,资不抵债企业越来越多。为了帮助困难企业渡过难关,2016年我国开始启动新一轮市场化债转股。此次债转股对短期内降低煤炭企业资产负债率、遏制煤炭企业债务规模过快增长、增强煤炭经济中长期发展韧性、助推煤炭企业供给侧结构性改革具有重要意义。文章阐述了煤炭企业市场化债转股的必要性,回顾了美国、日本、印度和我国1999年债转股的经验和教训,指出煤炭企业新一轮市场化债转股面临的四个现实问题,创造性地提出了煤炭企业稳步推进市场化债转股的六点建议。
[Abstract]:In recent years, the scale of debt of coal enterprises has been continuously expanded, and the debt repayment capacity of coal enterprises has been seriously inadequate. In 2016, China began to launch a new round of market-oriented debt-to-equity swaps. In the short term, the debt-equity swap will reduce the asset-liability ratio of coal enterprises and curb the excessive growth of coal enterprises' debt. It is of great significance to strengthen the long-term development toughness of coal economy and promote the structural reform on the supply side of coal enterprises. This paper expounds the necessity of market-oriented debt-to-equity conversion of coal enterprises, and reviews the United States and Japan. The experiences and lessons of India and China in 1999, pointing out the four practical problems faced by coal enterprises in the new round of market-oriented debt-to-equity conversion, and creatively putting forward six suggestions for coal enterprises to steadily promote market-oriented debt-for-equity conversion.
【作者单位】：华北科技学院;
【分类号】：F426.21;F832.51

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