我国中小服装企业非IPO融资风险及其控制

发布时间：2018-11-22 07:20

【摘要】：服装产业是推动我国国民经济发展的重要民生产业，而服装企业90%以上属于中小型企业。中小服装企业在拉动地方经济发展、扩大对外服装贸易、解决就业和增强国家财政收入等方面发挥着重要的作用，但是“融资难、融资贵”一直是制约中小服装企业发展的核心问题。主要原因是相对于大型企业，中小服装企业融资存在着较大的风险。融资分为债务融资和股权融资两种，债务融资的风险主要是企业可能无法偿还债务或股东利益受损，股权融资的风险相对较小。对于缓解中小服装企业融资难问题，除了需要政府、金融机构和社会资本的有力支持外，中小服装企业还需要加强自身风险的应对能力，对所面临的风险做出正确的识别和评估，加强融资风险内部控制，这是应对中小服装企业融资难的现实需要。中小服装企业由于规模较小，很难通过上市进行直接融资。因此，本文从中小服装企业非IPO1融资风险内部控制的角度出发,首先，分析我国中小服装企业融资现状和融资困境产生的原因，介绍目前中小服装企业常见的非IPO融资方式；然后，对中小服装企业融资风险进行识别，分析融资风险的内外成因，并提出融资风险评估方法；其次，构建中小服装企业非IPO融资风险评价指标体系，采用群组层次分析法确定各指标权重，结合功效系数法对融资风险进行综合评估，并用案例验证评估体系的可行性和有效性；最后，本文从增强中小服装企业自身实力以及健全企业融资内部控制的相关机制等方面，提出了中小服装企业非IPO融资风险控制的措施。
[Abstract]:Garment industry is an important industry of people's livelihood to promote the development of national economy in China, and more than 90% of garment enterprises belong to small and medium-sized enterprises. Small and medium-sized garment enterprises play an important role in stimulating local economic development, expanding clothing trade with foreign countries, solving employment and increasing national financial revenue, but "financing is difficult," Financing expensive "has been restricting the development of small and medium-sized clothing enterprises the core issue." The main reason is that compared with large-scale enterprises, small and medium-sized garment enterprises have greater risks in financing. Financing can be divided into debt financing and equity financing. The main risk of debt financing is that the enterprise may not repay the debt or the interests of shareholders are damaged, and the risk of equity financing is relatively small. In order to alleviate the financing difficulties of small and medium-sized garment enterprises, apart from the strong support of the government, financial institutions and social capital, the small and medium-sized garment enterprises also need to strengthen their own risk coping capacity. It is necessary to identify and evaluate the risk correctly and strengthen the internal control of financing risk, which is the practical need to deal with the financing difficulties of small and medium-sized garment enterprises. Because of its small scale, it is difficult for small and medium-sized garment enterprises to raise funds directly through listing. Therefore, from the point of view of internal control of non-IPO1 financing risk of small and medium-sized garment enterprises, this paper first analyzes the current financing situation and causes of financing difficulties of small and medium-sized garment enterprises in China, and introduces the common non-IPO financing methods of small and medium-sized garment enterprises at present. Then, the financing risk of small and medium-sized garment enterprises is identified, the internal and external causes of financing risk are analyzed, and the financing risk assessment method is put forward. Secondly, the evaluation index system of non-IPO financing risk of small and medium-sized garment enterprises is constructed. The weight of each index is determined by group analytic hierarchy process (AHP), and the comprehensive evaluation of financing risk is carried out by combining the efficiency coefficient method. The feasibility and effectiveness of the evaluation system are verified by cases. Finally, from the aspects of strengthening the strength of small and medium-sized garment enterprises and perfecting the internal control mechanism of enterprise financing, the paper puts forward the measures of non-IPO financing risk control for small and medium-sized garment enterprises.
【学位授予单位】：北京服装学院
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.86

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