船舶融资租赁风险评价研究

发布时间：2018-03-03 16:18

本文选题：船舶融资租赁　切入点：风险评价　出处：《大连海事大学》2013年硕士论文　论文类型：学位论文

【摘要】：目前,我国已经成为世界航运大国和造船大国,然而与其有着密切联系的船舶融资市场发展却没能走在世界前列。船舶融资市场作为航运市场、造船市场与金融市场之间的纽带,为服务我国航运企业、保障国家海运安全、推动造船及航运等产业链的战略发展发挥了重要的作用。近些年来,受全球经济形势下行、航运造船业持续低迷等因素影响,国外主要船舶融资市场纷纷压缩甚至关闭船舶融资市场业务,然而我国船舶融资市场近年来却逆势发展保持良好的发展势头,特别是作为中国船舶融资新兴市场的船舶融资租赁业的发展成绩斐然,已成为仅次于银行贷款的第二大船舶融资方式。船舶融资租赁涉及资金量大、参与方多、周期长、环节复杂等特点,具有一定的不确定性和不可控性,面临着诸多风险因素。特别是在当前国际航运造船市场发展扑朔迷离的时期,风险的重要性更是不言而喻。由于我国船舶融资租赁业开展时间还不长,相应的风险管理手段还不能完全跟上发展的步伐,不同金融租赁公司的风险管理水平也不尽相同,如何有效进行风险管理,是金融租赁公司乃至我国船舶融资租赁业持续健康发展的头等大事。本文以船舶融资租赁风险为研究对象,首先论述了船舶融资租赁相关概念特点及其宏观发展,进而从信息不对称和羊群效应的角度阐释了船舶融资租赁风险的理论形成原因,按照系统性风险和非系统性风险两大类型将风险的具体表现进行了识别分类。在此基础上,本文构建了船舶融资租赁项目风险评价指标体系,运用物元可拓模型对船舶融资租赁项目风险进行评价,并结合真实的项目操作案例就模型的实用性进行了实证分析。最后就金融租赁公司的风险防控问题,分别从信用风险、市场风险、内部风险、人才培养等不同角度提出了相应的可行性对策和建议。
[Abstract]:At present, China has become a major shipping and shipbuilding country in the world, but the ship financing market, which is closely related to it, has not been able to develop in the forefront of the world. The link between the shipbuilding market and the financial market has played an important role in serving our shipping enterprises, ensuring the national maritime security and promoting the strategic development of shipbuilding and shipping industry chains. In recent years, the global economic situation has been declining. Due to the continuous downturn of shipping industry, the main ship financing markets in foreign countries have compressed or even closed the ship financing market business. However, in recent years, the ship financing market in China has maintained a good momentum of development against the trend. Especially, as the emerging market of ship financing in China, the ship financing leasing industry has become the second largest ship financing method after bank loans. Ship financing lease involves a large amount of capital, many participants and a long period. Because of its complexity, uncertainty and uncontrollability, it is faced with many risk factors, especially in the current period of the development of international shipping and shipbuilding market. The importance of risk is even more self-evident. Because the development of ship financing leasing industry in China is not long, the corresponding risk management methods can not keep up with the pace of development, and the risk management level of different financial leasing companies is different. How to effectively carry out risk management is the top priority for the financial leasing companies and even for the sustainable and healthy development of the ship financing leasing industry in China. Taking the risk of ship finance lease as the research object, this paper firstly discusses the characteristics of ship finance lease related concepts and its macroscopic development, and then explains the theoretical reasons of ship finance lease risk from the angle of information asymmetry and herding effect. According to the two types of systemic risk and non-systemic risk, the specific performance of the risk is identified and classified. On this basis, this paper constructs the risk evaluation index system of ship finance lease project. This paper uses matter-element extension model to evaluate the risk of ship finance lease project, and analyzes the practicability of the model by combining the real project operation case. Finally, the risk prevention and control problem of financial leasing company is analyzed from the credit risk, respectively. Market risk, internal risk, talent training and other different perspectives put forward the corresponding feasible countermeasures and suggestions.
【学位授予单位】：大连海事大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F552.3;F832.49

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