我国中小板上市公司财务安全的影响因素及其敏感性分析

发布时间：2018-02-03 22:53

本文关键词： 中小板上市公司财务安全影响因素敏感性分析　出处：《安徽财经大学》2012年硕士论文　论文类型：学位论文

【摘要】：2004年对我国资本市场来说是一个具有历史意义的一年,这一年中小企业在深圳证券交易所挂牌上市,从小的方面来说,它解决了本身融资困难的难题；从大的方面来说,它不断的丰富和完善着我国的资本市场,让我国资本市场逐渐成为一个多层次的资本市场,但是同时由于中小企业板本身透明度的增加,中小企业板已经引起投资者的广泛关注。如何筹资资金,如何把这些筹资资金按照一定的比例投资到不同的用途上,既能满足筹资者的需求,又能满足投资者的需求,已经成为当前筹资者的一个重要问题。从国内目前情况来看,财务安全已经成为利益相关者关心的话题,但是如何保证财务安全,影响财务安全的影响因素有哪些以及哪些因素是敏感因素却成为利益相关者困惑的问题。因此,对于已经发展有七年之久的高速发展中小板上市公司来说,在发展的同时,如何保证财务安全越来越重要。然而,在社会主义市场经济下,竞争无处不在,仅仅有财务安全的意识不够的,论文以现金流量为基础,从财务安全的影响因素角度,对影响因素进行逐步分析,然后采用敏感性分析确定参数的置信区间。在此基础上,利益相关者对各参数一个预期,一旦参数超出预期范围,就有必要提高中小企业上市公司的财务安全措施。论文有五部分构成。第一章：绪论。主要介绍了首先介绍了论文的研究背景、研究意义；其次对相关文献进行综述以及评论,然后介绍研究方法、研究内容；最后提出了论文的创新点。第二章：我国中小板上市公司财务安全理论基础。本章首先对中小企业板上市公司进行了相关概述；其次也对财务安全进行了相关概述；最后对相关的理论基础进行阐述。第三章：我国中小板上市公司财务安全系统的构建。本章首先分析我国中小板上市公司财务安全评价系统的方法；再者解释常见财务指标。第四章：我国中小板上市公司财务安全的实证分析,首先对样本和数据选取,确定财务指标选取原则以及选取财务指标；其次对数据进行描述性统计；然后在对数据进行因子分析法和点估计法对中小板上市公司财务安全的影响因素及其敏感性分析分别,研究从参数和影响因素共同对中小板上市公司财务安全进行探讨；最后对实证结果分析。第五章：研究结论和展望。对论文的结论进行小结,并对产生的结论进行分析,同时提出论文的不足之处以及前景展望。
[Abstract]:2004 is a year of historic significance for China's capital market. In this year, small and medium-sized enterprises listed on the Shenzhen Stock Exchange. From a small point of view, it solved the difficult problem of financing itself. From the big aspect, it continuously enriches and consummates our country's capital market, which makes our country's capital market become a multi-level capital market gradually, but at the same time, because of the increase of transparency of the SME board itself. The SME board has aroused the widespread concern of investors. How to raise funds and how to invest these funds in different uses according to a certain proportion can meet the needs of the financiers. To meet the needs of investors, has become an important issue for current financiers. From the current domestic situation, financial security has become a topic of concern to stakeholders, but how to ensure financial security. What are the influencing factors of financial security and which are sensitive factors have become the puzzling problem of stakeholders. Therefore, for the high-speed development of small and medium-sized board listed companies that have been developing for seven years. At the same time, how to ensure financial security is becoming more and more important. However, in the socialist market economy, competition is everywhere, there is only a sense of financial security is not enough, the paper is based on cash flow, from the perspective of financial security factors. The influencing factors are analyzed step by step, and then the confidence interval of the parameters is determined by sensitivity analysis. On this basis, the stakeholders expect each parameter, once the parameter exceeds the expected range. It is necessary to improve the financial security measures of small and medium-sized listed companies. There are five parts in the thesis. The first chapter is introduction. Firstly, it introduces the research background and significance of the thesis. Secondly, it reviews and reviews the relevant literature, and then introduces the research methods and research contents. Finally, the innovation of the thesis is put forward. Chapter two: the theoretical basis of financial security of small and medium-sized board listed companies in China. Secondly, the financial security is summarized. Chapter three: the construction of the financial security system of the small and medium-sized board listed companies in China. This chapter firstly analyzes the methods of the financial security evaluation system of the small and medium-sized board listed companies in our country; Chapter 4th: empirical analysis of the financial safety of Chinese small and medium board listed companies. Firstly, the selection of samples and data, the principles of selecting financial indicators and the selection of financial indicators; Secondly, it carries on descriptive statistics to the data; Then factor analysis and point estimation are used to analyze the influencing factors and sensitivity of the data to the financial security of the small and medium-sized listed companies. This paper discusses the financial safety of small and medium-sized board listed companies from the perspective of parameters and influencing factors. Finally, the empirical results are analyzed. Chapter 5th: research conclusions and prospects. The conclusion of the paper is summarized, and the resulting conclusions are analyzed. At the same time, the shortcomings and prospects of the paper are put forward.
【学位授予单位】：安徽财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51

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