M公司创业板融资方案研究

发布时间：2018-05-11 06:02

本文选题：创业板 + 上市　；参考：《西北大学》2012年硕士论文

【摘要】：中小企业是我国经济发展的重要组成部分,然而,中小企业的发展总是遇到资金不足的问题。本文的研究对象M公司就是一家生产炭／炭复合材料制品的中小型科技企业,目前最大的问题是产能偏小,不能满足市场需求。为此,M公司决定投资新项目以扩大生产规模。然而,资金严重短缺和融资模式单一成了困扰M公司的最大问题。本文以融资理论和公司估值理论为基础,主要采用定性与定量相结合的研究方法。首先从M公司的发展现状入手,通过全面的分析,得出结论,即困扰中小型企业普遍性的问题—资金短缺也是M公司目前最大的难题。其次,立足于M公司融资需求和财务情况,结合我国创业板上市标准对M公司进行了对比分析,得出了M公司选择创业板上市融资具有可行性的结论。再次,本文抓住企业上市过程中的关键环节,为M公司设计了切实可行的改制方案、管理层激励方案以及IPO方案,最后,针对该融资方案提出了实施的保障措施。本文的主要贡献和创新在于,围绕M公司创业板上市的目标,进行了融资方案的系统性设计,并根据当前中小企业存在的一些共性问题和热点问题,如融资方式、管理层激励作了探索和研究,有一定的现实意义和参考作用。同时将创业板上市标准、相关统计资料、方案执行路径做了大量的研究和分析,给打算在创业板上市的企业一份明确的上市指南。
[Abstract]:Small and medium-sized enterprises are an important part of our country's economic development. However, the development of small and medium-sized enterprises is always met with the problem of lack of funds. M Company is a small and medium-sized technology enterprise which produces carbon / carbon composite products. At present, the biggest problem is that the production capacity is too small to meet the market demand. To this end, M company decided to invest in new projects to expand the scale of production. However, the severe shortage of funds and a single financing model have become the biggest problem for M. Based on financing theory and corporate valuation theory, this paper mainly adopts qualitative and quantitative research methods. First of all, starting from the development of M Company, through a comprehensive analysis, the conclusion is drawn, that is to say, the capital shortage is also the biggest problem of M Company at present, which puzzles the universality of small and medium-sized enterprises. Secondly, based on the financing needs and financial situation of M Company, combining with the gem listing standards of our country, this paper makes a comparative analysis of M Company, and draws the conclusion that it is feasible for M Company to choose gem listing financing. Thirdly, this paper grasps the key link in the process of enterprise listing, designs feasible reform scheme, management incentive scheme and IPO scheme for M Company. Finally, the paper puts forward the implementation safeguard measures for the financing scheme. The main contribution and innovation of this paper lies in the systematic design of financing scheme around the target of M company's gem listing, and according to some common problems and hot issues existing in SMEs, such as financing methods. The management incentive has made the exploration and the research, has the certain realistic significance and the reference function. At the same time, we will do a lot of research and analysis on the gem listing standards, related statistical data and the implementation path of the program, and give a clear listing guide to the enterprises that intend to list on the gem.
【学位授予单位】：西北大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F276.3;F832.51

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