亚泰集团多元化经营相关财务研究

发布时间：2018-04-13 04:28

本文选题：多元化经营 + 财务指标　；参考：《长沙理工大学》2014年硕士论文

【摘要】：企业的经营所涉足的范围不仅仅是局限在一种产品或者一个产业内,而是同时在不同的产品与不同的行业的实行经营,就是实施了多元化经营。多元化经营的优势在于可以分散企业的经营风险。在市场经济条件下,企业都是自负盈亏的,如果企业经营的产品与经营的专业领域都是集中在一个较小的范围内,一旦自己所经营的产品或者行业在市场上遭遇了危机,那么该企业将面临灭顶之灾。而如果一个企业的经营范围比较多元化,则该企业抵抗市场风险的能力将会增强。同时,企业实行多元化经营也有一定的弊端,比如加大财务风险,增加经营管理费用,导致资金周转不畅,等等问题。事实上,也有许多企业在进行多元化的发展过程中出现了严重的财务问题,结果均以失败告终,例如德隆和春兰。由于财务管理对多元化经营非常重要,所以文章从财务角度来研究亚泰集团多元化经营情况,并提出具有可行性的财务策略。首先,本文运用波士顿矩阵分析了亚泰集团目前多元化经营的六大行业,其中水泥、房地产、金融三个业务是亚泰集团的明星业务,而煤炭、医药、商贸三个业务是亚泰集团的问题业务。进而通过对各个业务和整个集团的盈利能力、发展能力、偿债能力、营运能力以及现金流量的分析,得出亚泰集团存在的财务问题。然后,从外部因素和内部因素两个方面,分析了影响亚泰集团多元化经营存在财务问题的原因。外部因素主要是政治环境和经济环境,内部因素主要从亚泰集团现行的投资、融资、财务预算、财务预警、资金管理等企业财务管理方面存在的问题展开了分析,并指出其存在的不合理因素。最后,根据前文的分析,针对亚泰集团多元化经营存在的财务问题,以及其影响因素,分别从波士顿矩阵业务方面和非相关多元化发展方面提出了相应的财务策略。
[Abstract]:The scope of enterprise business is not only limited to one product or industry, but also in different products and different industries, that is, the implementation of diversification.The advantage of diversification is that it can spread the risk of business operation.Under the condition of market economy, enterprises are all self-responsible for their profits and losses. If the products operated by the enterprises and the specialized fields of operation are concentrated in a relatively small scope, once the products or industries they operate encounter a crisis in the market,Then the enterprise will face extinction.If an enterprise's scope of business is more diversified, the company's ability to resist market risks will be enhanced.At the same time, the diversification of enterprises also has some drawbacks, such as increasing financial risks, increasing management costs, resulting in poor capital flow, and so on.In fact, there are many enterprises in the process of diversification in the development of serious financial problems, the results all ended in failure, such as Delong and Chunlan.Because financial management is very important to diversified management, this paper studies the diversified management of Yatai Group from the financial point of view, and puts forward some feasible financial strategies.First of all, using Boston Matrix, this paper analyzes the six major diversified industries of Yatai Group, in which cement, real estate and finance are the star business of Yatai Group, while coal, medicine, etc.The three businesses are the problem business of Yatai Group.Through the analysis of the profitability, development ability, solvency, operating capacity and cash flow of each business and the whole group, the financial problems of Yatai Group are obtained.Then, from two aspects of external factors and internal factors, this paper analyzes the reasons that affect the existence of financial problems in the diversified management of Yatai Group.External factors are mainly political environment and economic environment. Internal factors are mainly analyzed from the problems existing in the financial management of Yatai Group, such as current investment, financing, financial budget, financial early warning, capital management, and so on.The unreasonable factors of its existence are pointed out.Finally, according to the previous analysis, aiming at the financial problems and the influencing factors of the diversified management of Yatai Group, this paper puts forward the corresponding financial strategies from the aspects of Boston Matrix business and non-related diversification development respectively.
【学位授予单位】：长沙理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275

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