装备制造企业融资租赁决策分析与业务创新研究
发布时间：2019-02-21 17:48
【摘要】：装备制造企业对国民经济的发展起着支撑服务的作用，资金的运用对装备制造企业来说极其重要。金融危机之后，银行业贷款规模相对紧缩，融资租赁作为一种新型的经济运作模式，能够把工业、金融、贸易三者紧密有效地结合起来，克服工业资本和银行资本的不足，正好为我国装备制造业与金融行业搭建起互动的桥梁。融资租赁在中国虽历经反复曲折，但随着经济的发展，己经进入前所未有的快速发展阶段。面对装备制造企业不断升级的金融需求，如何更好的创新业务来满足装备制造企业的发展成为了融资租赁行业必须解决的问题。 本文分析了装备制造企业在进行融资租赁决策时所考虑的因素，对促进和限制企业采用融资租赁决策两方面作出了分类和假设。通过选择上市公司数据作二元logistic回归分析，实证结果表明：装备制造企业的成长能力、债务结构的负债比例与是否采用融资租赁决策是正相关的，我国融资租赁业务发展相对滞后，，税收政策效应不是很明显。我国装备制造企业使用融资租赁意识还不够先进，资产结构优化意识不够强烈。控股股东的融资租赁意识也不够强烈。装备制造企业在实际经营中，盈利能力以及经营能力从实证看对是否采用融资租赁是不显著的。本文通过融资租赁结合装备制造企业的特点对参与交易内部和外部的创新进行了深入的讨论。通过创新业务形态，更加全面的促进装备制造企业的发展。本文也对装备制造业的融资租赁行业发展提出了有益的建议。
[Abstract]:Equipment manufacturing enterprises play a supporting role in the development of national economy, and the use of funds is extremely important to equipment manufacturing enterprises. After the financial crisis, the scale of banking loans is relatively tight. As a new type of economic operation mode, financial leasing can combine industry, finance and trade closely and effectively to overcome the shortage of industrial capital and bank capital. It is an interactive bridge for China's equipment manufacturing industry and financial industry. Financial leasing has experienced many twists and turns in China, but with the development of economy, it has entered an unprecedented stage of rapid development. In the face of the escalating financial demand of equipment manufacturing enterprises, how to better innovate business to meet the development of equipment manufacturing enterprises has become a problem that must be solved in the financial leasing industry. In this paper, the factors considered by equipment manufacturing enterprises in making financial lease decision are analyzed, and the classification and hypothesis of promoting and restricting enterprises to adopt financial lease decision are made. By selecting the data of listed companies as binary logistic regression analysis, the empirical results show that the growth ability of equipment manufacturing enterprises, the debt ratio of debt structure and the financial leasing decision are positively correlated. The development of financial leasing business in China lags behind, and the effect of tax policy is not obvious. The consciousness of using finance lease is not advanced enough and the consciousness of optimizing asset structure is not strong enough. The controlling shareholder's sense of financing lease is not strong enough. In the actual operation, the profitability and management ability of the equipment manufacturing enterprises are not significant from the empirical point of view. In this paper, financial leasing combined with the characteristics of equipment manufacturing enterprises to participate in the transaction of internal and external innovation is discussed in depth. Through the innovation of business forms, more comprehensive promotion of equipment manufacturing enterprises development. This paper also puts forward some useful suggestions for the development of equipment manufacturing finance leasing industry.
【学位授予单位】：太原科技大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.4
[Abstract]:Equipment manufacturing enterprises play a supporting role in the development of national economy, and the use of funds is extremely important to equipment manufacturing enterprises. After the financial crisis, the scale of banking loans is relatively tight. As a new type of economic operation mode, financial leasing can combine industry, finance and trade closely and effectively to overcome the shortage of industrial capital and bank capital. It is an interactive bridge for China's equipment manufacturing industry and financial industry. Financial leasing has experienced many twists and turns in China, but with the development of economy, it has entered an unprecedented stage of rapid development. In the face of the escalating financial demand of equipment manufacturing enterprises, how to better innovate business to meet the development of equipment manufacturing enterprises has become a problem that must be solved in the financial leasing industry. In this paper, the factors considered by equipment manufacturing enterprises in making financial lease decision are analyzed, and the classification and hypothesis of promoting and restricting enterprises to adopt financial lease decision are made. By selecting the data of listed companies as binary logistic regression analysis, the empirical results show that the growth ability of equipment manufacturing enterprises, the debt ratio of debt structure and the financial leasing decision are positively correlated. The development of financial leasing business in China lags behind, and the effect of tax policy is not obvious. The consciousness of using finance lease is not advanced enough and the consciousness of optimizing asset structure is not strong enough. The controlling shareholder's sense of financing lease is not strong enough. In the actual operation, the profitability and management ability of the equipment manufacturing enterprises are not significant from the empirical point of view. In this paper, financial leasing combined with the characteristics of equipment manufacturing enterprises to participate in the transaction of internal and external innovation is discussed in depth. Through the innovation of business forms, more comprehensive promotion of equipment manufacturing enterprises development. This paper also puts forward some useful suggestions for the development of equipment manufacturing finance leasing industry.
【学位授予单位】：太原科技大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.4
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