HS公司融资方案设计
发布时间：2018-11-21 18:04
【摘要】：一直以来企业运动的起点就是融资,而企业收益分配的基础也是融资。融资方式的完美搭配,可以减少资本成本,同时当企业的资本达到一定规模就可以保证企业投资的需要,合理的资本结构,同样也可以降低和规避融资风险。目前,农业企业在我国国民经济中扮演着重要角色,尤其是中小型农业企业,更是其中的亮点,然而和他们对于我国经济发展的贡献相比,中小农业企业所能得到的融资规模却是很不对称的,只占整个金融资源的20%。据统计目前我国中小型农业企业所需的资金大部分都是由自行积累或向银行贷款等狭窄的融资渠道获得的,因此资金来源结构的单一性造成企业不能充分发挥资金的使用效能,同时又增加了资金的使用成本和风险。同时企业在股权融资或是债务融资方面都面临着较大困难,使其在企业规模、产业结构调整等方面难以得到推动。 为了给中小农业企业提出合理的融资决策,同时在加强资金管理,降低筹资成本,防范筹资风险等方面提出建议,本文首先介绍了企业融资的相关概念和主要的企业融资理论并对其作出分析和评价。然后对HS食品公司的经营状况和企业的融资简要情况运用西方现代融资理论结合我国社会经济制度特点进行分析,得出现阶段在内、外源融资、资本结构方面存在以下的问题：没有清晰的融资策略,融资行为不规范,公司内源融资能力不足、投入较为紧张等,并根据企业提供的资料结合企业的实际情况,对设计的融资方案进行评价,即分别从政府扶持、商业银行贷款、风投基金、股权出让融资等外源融资方面进行考虑,并结合企业本身具有一定的内源融资能力因素,从而最终选出最佳融资方案。最后从政策、内部管理、信用、利率、流动性、购买力、市场、合作者等方面给出规避融资风险的建议：企业向保险公司投保、设立完备的融资风险管理部门、选择利率调换措施、设立完备的融资风险管理部门和融资风险预警系统、聘请商业调查公司甄选股权的受让方。
[Abstract]:The starting point of enterprise movement has been financing, and the basis of enterprise income distribution is financing. The perfect combination of financing mode can reduce the cost of capital, at the same time, when the capital of the enterprise reaches a certain scale, it can ensure the need of the enterprise investment, reasonable capital structure, but also can reduce and avoid the financing risk. At present, agricultural enterprises play an important role in the national economy of our country, especially the small and medium-sized agricultural enterprises. However, compared with their contribution to the economic development of our country, The financing scale of small and medium-sized agricultural enterprises is very asymmetric, accounting for only 20 percent of the financial resources. According to statistics, at present, most of the funds required by small and medium-sized agricultural enterprises in our country are obtained from narrow financing channels such as self-accumulation or loans to banks. Therefore, the singularity of the source structure of funds makes enterprises unable to give full play to the efficiency of the use of funds. At the same time, it increases the cost and risk of capital use. At the same time, enterprises are faced with great difficulties in equity financing or debt financing, which makes it difficult to promote the scale of enterprises and the adjustment of industrial structure. In order to make reasonable financing decisions for small and medium-sized agricultural enterprises, at the same time, to strengthen the management of funds, reduce the cost of raising funds, guard against the risk of raising funds, and so on, This paper first introduces the related concepts of enterprise financing and the main corporate financing theory, and makes an analysis and evaluation of it. Then, the paper analyzes the operating situation of HS food company and the financing brief situation of enterprises, using the western modern financing theory combined with the characteristics of our country's social and economic system, and draws the conclusion that at the present stage, exogenous financing is included. There are the following problems in the capital structure: there is no clear financing strategy, the financing behavior is not standardized, the internal financing ability of the company is insufficient, the investment is relatively tight, and according to the information provided by the enterprise, it combines with the actual situation of the enterprise. Evaluation of the designed financing scheme, that is, from the government support, commercial bank loans, venture capital funds, equity transfer financing and other external financing aspects, and combined with the enterprise itself has a certain endogenous financing capacity factors, And finally choose the best financing options. Finally, from the aspects of policy, internal management, credit, interest rate, liquidity, purchasing power, market, partner and so on, the author gives some advice to avoid financing risk: enterprises take insurance from insurance companies, set up a complete financing risk management department, Interest rate exchange measures should be selected, a complete financing risk management department and a financing risk warning system should be set up, and a commercial investigation company would be employed to select the transferee of the equity.
【学位授予单位】：广西大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.82
本文编号：2347818
[Abstract]:The starting point of enterprise movement has been financing, and the basis of enterprise income distribution is financing. The perfect combination of financing mode can reduce the cost of capital, at the same time, when the capital of the enterprise reaches a certain scale, it can ensure the need of the enterprise investment, reasonable capital structure, but also can reduce and avoid the financing risk. At present, agricultural enterprises play an important role in the national economy of our country, especially the small and medium-sized agricultural enterprises. However, compared with their contribution to the economic development of our country, The financing scale of small and medium-sized agricultural enterprises is very asymmetric, accounting for only 20 percent of the financial resources. According to statistics, at present, most of the funds required by small and medium-sized agricultural enterprises in our country are obtained from narrow financing channels such as self-accumulation or loans to banks. Therefore, the singularity of the source structure of funds makes enterprises unable to give full play to the efficiency of the use of funds. At the same time, it increases the cost and risk of capital use. At the same time, enterprises are faced with great difficulties in equity financing or debt financing, which makes it difficult to promote the scale of enterprises and the adjustment of industrial structure. In order to make reasonable financing decisions for small and medium-sized agricultural enterprises, at the same time, to strengthen the management of funds, reduce the cost of raising funds, guard against the risk of raising funds, and so on, This paper first introduces the related concepts of enterprise financing and the main corporate financing theory, and makes an analysis and evaluation of it. Then, the paper analyzes the operating situation of HS food company and the financing brief situation of enterprises, using the western modern financing theory combined with the characteristics of our country's social and economic system, and draws the conclusion that at the present stage, exogenous financing is included. There are the following problems in the capital structure: there is no clear financing strategy, the financing behavior is not standardized, the internal financing ability of the company is insufficient, the investment is relatively tight, and according to the information provided by the enterprise, it combines with the actual situation of the enterprise. Evaluation of the designed financing scheme, that is, from the government support, commercial bank loans, venture capital funds, equity transfer financing and other external financing aspects, and combined with the enterprise itself has a certain endogenous financing capacity factors, And finally choose the best financing options. Finally, from the aspects of policy, internal management, credit, interest rate, liquidity, purchasing power, market, partner and so on, the author gives some advice to avoid financing risk: enterprises take insurance from insurance companies, set up a complete financing risk management department, Interest rate exchange measures should be selected, a complete financing risk management department and a financing risk warning system should be set up, and a commercial investigation company would be employed to select the transferee of the equity.
【学位授予单位】：广西大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.82
【参考文献】
相关期刊论文 前1条
1 武嘉嘉;李瑞芬;;北京农业上市公司融资问题刍议[J];中国农业会计;2011年12期
，本文编号：2347818
本文链接：https://www.wllwen.com/guanlilunwen/shengchanguanlilunwen/2347818.html
