HD集团资金链风险管理研究
发布时间：2018-09-06 11:00
【摘要】：资金链的安全与否与财务管理目标的实现是紧密关联的,是企业经营风险和财务风险的一部分,涉及企业的生存问题,防范企业资金链断裂风险已变成了一个非常紧迫的理论和现实问题。论文选取HD集团资金链风险管理作为研究对象,在资本循环和资本周转及财务共享理论的基础上提出了优化HD集团资金链风险管理的方案。论文首先对HD集团的部分财务指标和资金链风险的传导机制进行分析,阐述HD集团各个阶段资金链风险的表现,,运用PEST分析法和案例分析法对HD集团资金链断裂的宏观因素、中观因素及微观因素进行分析,研究发现HD集团资金链断裂的原因不仅有政策不完善、经济不景气、社会资本不足、科技投入不够、行业竞争激烈、经营成本增加等外部因素,还有盲目投资、筹资策略激进、盲目民间借贷、长期高负债经营、产品核心竞争力不足、内控机制不完善等内部因素。论文基于HD集团资金链断裂的原因,运用资本循环和资本周转理论提出了资金链风险管理的优化方案,提出了从财务共享管理、风险预警体系、风险识别与评估、现金流管理等四个方面构建资金链风险控制体系;从公司治理制度、内部控制制度、内部审计制度、内部财务控制、对子公司的授权控制、内部关联方交易行为的监管等六个方面制定企业的内部管理制度,从扩张、融资、营销、信用政策等四个方面确定战略的选择原则。最后,为了保障HD资金链风险管理方案的有效实施,论文明确了方案的实施步骤和保障措施。论文通过资金链风险管理优化方案的研究,可以为企业加强风险意识、防范资金链断裂、建立高效资金链风险管理体制提供经验借鉴;可以为市场健康、持续、稳定的发展提供参考依据,具有重要的实际指导意义和现实意义。
[Abstract]:The safety of the capital chain is closely related to the realization of the financial management goal, and it is a part of the business risk and financial risk, which involves the survival of the enterprise. Preventing the risk of enterprise capital chain break has become a very urgent theoretical and practical problem. Based on the theory of capital circulation and capital turnover and financial sharing, this paper proposes a scheme to optimize the risk management of HD group's capital chain. Firstly, this paper analyzes some financial indexes of HD group and the transmission mechanism of capital chain risk, expounds the performance of capital chain risk in each stage of HD group, and uses PEST analysis and case analysis to analyze the macro factors of the breakage of fund chain in HD group. Based on the analysis of the meso-factors and micro-factors, it is found that the reasons for the breakage of the fund chain of HD Group are not only the imperfect policy, the economic depression, the insufficient social capital, the insufficient investment in science and technology, the fierce competition in the industry, the increase of the operating cost, and other external factors. There are also some internal factors, such as blind investment, radical financing strategy, blind private lending, long-term high debt management, insufficient core competitiveness of products, imperfect internal control mechanism, and so on. Based on the reasons of the breakage of the capital chain in HD Group, the paper puts forward the optimization scheme of risk management of the capital chain by using the theory of capital circulation and capital turnover, and puts forward the following aspects: financial sharing management, risk warning system, risk identification and evaluation. From the aspects of corporate governance system, internal control system, internal audit system, internal financial control system, the authorized control of subsidiary companies, cash flow management and other four aspects of the risk control system of capital chain, including corporate governance system, internal control system, internal audit system, internal financial control, The internal management system of the enterprise is formulated from six aspects of the supervision of the transaction behavior of the internal related party, and the selection principles of the strategy are determined from four aspects: expansion, financing, marketing and credit policy. Finally, in order to ensure the effective implementation of HD fund chain risk management scheme, the paper clarifies the implementation steps and safeguard measures. Through the study of the optimization scheme of risk management of capital chain, this paper can provide experience for enterprises to strengthen risk awareness, prevent fund chain breakage, and establish efficient risk management system of capital chain, which can be healthy and sustainable for the market. The steady development provides the reference basis, has the important practical guiding significance and the realistic significance.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F275
本文编号：2226149
[Abstract]:The safety of the capital chain is closely related to the realization of the financial management goal, and it is a part of the business risk and financial risk, which involves the survival of the enterprise. Preventing the risk of enterprise capital chain break has become a very urgent theoretical and practical problem. Based on the theory of capital circulation and capital turnover and financial sharing, this paper proposes a scheme to optimize the risk management of HD group's capital chain. Firstly, this paper analyzes some financial indexes of HD group and the transmission mechanism of capital chain risk, expounds the performance of capital chain risk in each stage of HD group, and uses PEST analysis and case analysis to analyze the macro factors of the breakage of fund chain in HD group. Based on the analysis of the meso-factors and micro-factors, it is found that the reasons for the breakage of the fund chain of HD Group are not only the imperfect policy, the economic depression, the insufficient social capital, the insufficient investment in science and technology, the fierce competition in the industry, the increase of the operating cost, and other external factors. There are also some internal factors, such as blind investment, radical financing strategy, blind private lending, long-term high debt management, insufficient core competitiveness of products, imperfect internal control mechanism, and so on. Based on the reasons of the breakage of the capital chain in HD Group, the paper puts forward the optimization scheme of risk management of the capital chain by using the theory of capital circulation and capital turnover, and puts forward the following aspects: financial sharing management, risk warning system, risk identification and evaluation. From the aspects of corporate governance system, internal control system, internal audit system, internal financial control system, the authorized control of subsidiary companies, cash flow management and other four aspects of the risk control system of capital chain, including corporate governance system, internal control system, internal audit system, internal financial control, The internal management system of the enterprise is formulated from six aspects of the supervision of the transaction behavior of the internal related party, and the selection principles of the strategy are determined from four aspects: expansion, financing, marketing and credit policy. Finally, in order to ensure the effective implementation of HD fund chain risk management scheme, the paper clarifies the implementation steps and safeguard measures. Through the study of the optimization scheme of risk management of capital chain, this paper can provide experience for enterprises to strengthen risk awareness, prevent fund chain breakage, and establish efficient risk management system of capital chain, which can be healthy and sustainable for the market. The steady development provides the reference basis, has the important practical guiding significance and the realistic significance.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F275
【参考文献】
相关期刊论文 前1条
1 王江;“资金链”断裂:理论解析与启示[J];山东社会科学;2005年07期
，本文编号：2226149
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