Y公司融资问题研究

发布时间：2018-02-21 06:47

本文关键词： 建筑企业融资方式融资问题对策　出处：《广西大学》2014年硕士论文　论文类型：学位论文

【摘要】：建筑企业是国民经济的重要物质生产部门,在国家扩大内需和城镇化建设的大好形势下得到了迅速的发展。广西的建筑企业因国家西部大开发、泛北部湾经济区和中国东盟自贸区相关政策的影响,迎来了蓬勃发展的时机。但由于建筑业自身的特性如工程生产周期长、材料款要支付预付款,劳务款要支付现款；企业要垫付大量现金；建筑行业市场竞争激烈导致利润率一直偏低,企业内部积累缓慢；融资渠道狭小,融资方式单一,融资难等原因,导致企业运营资金紧张,阻碍了建筑企业的生存和发展。本文在研究国内外融资理论的基础上,概括了建筑企业融资需求的特性,重点介绍了股权融资、债权融资及建筑企业特有的融资租赁和项目融资等融资方式。以较有代表性的广西地方国有建筑企业Y公司为例,通过分析其近三年的财务状况,对其长、短期偿债能力和资产运营能力进行论证,并对其现有的融资结构进行详细分析,从中得出Y公司融资存在的问题,深入分析其原因,再提出具体的解决对策。通过对Y公司融资问题的研究,为其管理者提供融资决策参考,同时找出适合广西地方国有建筑企业的融资方式,为建筑企业的发展提供对策。
[Abstract]:As an important material production department of the national economy, construction enterprises have been developing rapidly under the favorable situation of expanding domestic demand and urbanization. The influence of the relevant policies of Pan-Beibu Gulf Economic Zone and China-ASEAN Free Trade area ushered in the opportunity of vigorous development. However, due to the characteristics of the construction industry, such as the long production cycle of the project, the material payment should be paid in advance, and the labor fund should pay cash; Enterprises have to advance a large amount of cash; fierce market competition in the construction industry has led to low profit margins, slow accumulation within enterprises, narrow financing channels, single financing methods, difficult financing and other reasons, resulting in tight operating capital. It hinders the existence and development of construction enterprises. Based on the research of financing theory at home and abroad, this paper generalizes the characteristics of financing demand of construction enterprises, and focuses on equity financing. Creditor's rights financing and construction enterprises' unique financing methods such as leasing and project financing. Taking the representative local state-owned construction company Y in Guangxi as an example, through the analysis of its financial situation in the past three years, The short-term solvency and asset operation ability are demonstrated, and its existing financing structure is analyzed in detail, from which the problems existing in financing of company Y are drawn, and the reasons are analyzed in depth. Through the research on the financing problem of Y Company, this paper provides the financing decision reference for its managers, and finds out the financing mode suitable for the local state-owned construction enterprises in Guangxi, and provides the countermeasures for the development of the construction enterprises.
【学位授予单位】：广西大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F426.92;F406.7

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