WG公司融资问题研究

发布时间：2018-03-23 00:23

本文选题：地方政府投融资平台　切入点：内源融资　出处：《华中科技大学》2014年硕士论文　论文类型：学位论文

【摘要】：WG公司作为一家地方性政府投融资平台企业,在为高新区的经济发展作出了积极贡献的同时,公司本身也在各方面取得了优异的成绩。但是由于近年来国家主要财政机关针对地方政府投融资平台企业的政策紧缩和严格管理,企业的发展还是受到了一定的影响,融资工作也面临着严峻的考验。本文对企业融资的研究现状进行了详细的总结,结合国内外的相关研究成果,采取理论结合实际的探索方法,对WG公司融资策略作了深入的探讨。研究过程中,首先对WG公司的整体现状进行走访调查并获取相关数据及资料,并在此基础上对公司所处融资环境进行详细的探讨,指出了公司在融资方面有行业和地方经济的优势,但更有决策受制于政府、过度依赖银行贷款筹资、公司结构设置不合理、公司财务状况不稳定等方面的劣势,并在以上分析的基础上提出适合WG公司的新的融资方法:内源融资方面WG公司可以选择盈余公积融资、变卖闲置资产融资的方式,在内源融资无法满足时,可以考虑银行贷款展期、贷款型房地产投资信托、非金融企业债务融资工具。同时,为使这些融资策略得到顺利落实,公司的治理结构、经营模式和制度建设都需要采取相应的优化措施,作者最后对需要优化的各方面措施进行了相应的总结。旨在通过本篇论文的探讨来解决WG的融资难题,并为企业融资理论提供相关案例参考。
[Abstract]:WG Company, as a local government investment and financing platform, has made positive contributions to the economic development of high-tech zones at the same time, The company itself has also made outstanding achievements in various fields. However, due to the tightening and strict management of the policies of the state's main financial organs for local government investment and financing platform enterprises in recent years, the development of the enterprises has been affected to a certain extent. Financing work is also facing a severe test. This paper summarizes the current research situation of enterprise financing in detail, combines the relevant research results at home and abroad, and adopts the exploration method of combining theory with practice. The financing strategy of WG Company is deeply discussed. In the course of the research, the whole situation of WG Company is first investigated and relevant data and information are obtained, and on this basis, the financing environment of WG Company is discussed in detail. The paper points out that the company has the advantages of industry and local economy in financing, but the decision-making is restricted by the government, it is excessively dependent on bank loans to raise funds, the structure of the company is not reasonable, the financial situation of the company is unstable, and so on. On the basis of the above analysis, a new financing method suitable for WG company is put forward. In terms of endogenous financing, WG company can choose surplus reserve financing, sell idle assets to finance, when internal financing can not be satisfied. We can consider the extension of bank loans, loan-type real estate investment trusts, non-financial enterprise debt financing instruments. At the same time, in order for these financing strategies to be successfully implemented, the corporate governance structure, In order to solve the financing problem of WG, the author summarizes the various measures that need to be optimized in order to solve the financing problem of WG through the discussion of this paper. And provides the relevant case reference for the enterprise financing theory.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.39;F830.42

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