国华印尼南苏项目投资风险管理研究

发布时间：2018-01-15 02:13

本文关键词：国华印尼南苏项目投资风险管理研究　出处：《华北电力大学》2013年硕士论文　论文类型：学位论文

【摘要】：随着我国电力体制改革不断深入，国内发电侧市场竞争环境日趋激烈，一方面，电力生产企业获取上游资源能力普遍不足，而电力产品价格受政策影响，制约电力生产企业的盈利空间；另一方面，，我国宏观经济发展态势仍不明朗，电力市场需求增幅明显下滑，国家产业结构调整以及国内环境保护意识的提升等多种因素相互交织，大大影响了国内电力生产企业经济效益。在此背景下，电力生产企业通过深化落实“走出去”战略，合理配置资金和技术资源，积极开展境外电力投资项目，进一步拓宽企业投资渠道，增强企业盈利能力，提升企业的资产保值增值效率。尽管电力境外投资项目在原料、收益、成本等方面都具有巨大的优势，但根据“风险收益”配比原则，境外投资项目在宏观环境、行业环境等方面相比于境内项目也存在着大量的不确定性，这些潜在风险源若不及时、有效地得到管控，将有可能制约境外投资项目健康可持续发展，影响投资效益。本文以国华印尼南苏项目为研究对象，系统归纳风险管理的基本理论，总结分析风险管理的国内外动态研究；对国华印尼南苏项目境外投资风险特征进行分析；结合问卷调查和专家访谈，本文设计、筛选、制定了国华印尼南苏项目境外投资风险预警指标体系、量化标准和评价模型；基于国华印尼南苏项目运行现状进行了应用研究，制定了华印尼南苏项目境外投资风险管理方案。希望为国华印尼南苏项目平稳健康运行和公司今后在印尼的进一步拓展，加快“走出去”步伐，进一步提高神华集团的国际地位和国际影响力提供了理论借鉴和实践支持。
[Abstract]:With the deepening of China's power system reform, the domestic power generation side of the market competition environment is becoming increasingly fierce. On the one hand, the power production enterprises generally lack the ability to obtain upstream resources, and the price of power products is affected by the policy. Restricting the profit space of electric power production enterprises; On the other hand, the macroeconomic development situation of our country is still unclear, the power market demand growth rate obviously drops, the national industrial structure adjustment and the domestic environmental protection consciousness promotion and so on many factors intertwined each other. In this context, electric power production enterprises through deepening the implementation of the "going out" strategy, reasonable allocation of funds and technical resources, actively carry out overseas power investment projects. Further broaden the investment channels, enhance the profitability of enterprises, and enhance the efficiency of asset preservation and appreciation. Although overseas electric power investment projects have great advantages in raw materials, income, cost and so on, according to the principle of "risk return" matching, overseas investment projects are in the macro environment. Compared with domestic projects, there is a lot of uncertainty in the industry environment. If these potential risk sources are not controlled in time and effectively, it will be possible to restrict the healthy and sustainable development of overseas investment projects. Impact on investment returns. This paper takes the South Sudan project of Guohua Indonesia as the research object, systematically induces the basic theory of risk management, summarizes and analyzes the domestic and foreign dynamic research of risk management; To analyze the risk characteristics of overseas investment of Guohua Indonesia's South Sudan project; Combined with questionnaire survey and expert interview, this paper designs, selects and formulates the early warning index system, quantitative criteria and evaluation model of overseas investment risk of Guohua Indonesia Nansu project. Based on the operational status of Guohua Indonesia's South Sudan Project, the application research is carried out. We have formulated the overseas investment risk management plan of the China-Indonesia South Sudan project. We hope to speed up the pace of "going out" for the smooth and healthy operation of the China-Indonesia South Sudan project and the further expansion of the company in Indonesia in the future. Further improving Shenhua Group's international status and international influence provides theoretical reference and practical support.
【学位授予单位】：华北电力大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F272.3;F426.61

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