我国证券公司风险管理控制研究

发布时间：2018-01-03 05:05

本文关键词：我国证券公司风险管理控制研究　出处：《武汉理工大学》2010年硕士论文　论文类型：学位论文

【摘要】： 证券市场是市场经济发展到一定阶段的产物,在资本市场上发挥着日益重要的作用。证券公司在谋求自身的发展的过程中,接踵而至的各种风险,对证券公司的发展带来极大影响。特别是从上个世纪80年代以来,国际资本市场上危机四伏,众多的投资银行破产或是出现巨额亏损,国内的证券公司也在低迷的市场行情中出现大量的证券公司破产关闭,出现行业性系统风险。当今,我国的证券公司不仅要应对国内同行的竞争,还要面对国外投资银行的挑战。因此,对我国证券公司强化风险控制和提高竞争力是刻不容缓。国外投资银行的通过实践建立的各种风险模型,是现今世界上较为完善的风险管理体系,采用定量和定性的分析方法对风险控制和预测。尽管完美的风险控制管理系统仍旧不能对2007年的金融危机做出预测,在完美的风险管理模型仍旧是需要在实践中不断的检验,改进,直至完善。尽管我国在此次的金融危机中所受的波动不像国外那么深刻,我国的证券公司没有那么深刻的感受,但也不能忽视证券业在经营发展中要面对的各种风险。我国证券公司在发展的过程中,风险管理体系不健全,和国外的成熟市场上风险管理体系相比看,还有较大的差距,尽管随着国际化的发展,国外的管理经验传入我国的证券公司,仍旧在摸索和适应阶段,没有自身的一套完整的管理体系。国外风险管理体系在此次的金融危机中的不足之处足以说明风险管理的研究不论是在理论上还是在实践中都需要共同的努力研究,更需要寻找更适合的风险管理控制体系。在本文中,通过对我国证券公司风险管理控制现状的分析,找出我国证券公司风险管理和内部控制的不足,并提出建议。本文共分为五个部分,第一部分内部控制和风险管理的基本理论出发,阐述风险管理和内部控制的理论和定义,以及两者之间的关系；文中第二部分对国内外证券公司的风险管理现状进行研究,对国外成熟市场的风险管理体系进行比较,找出我国风险管理控制存在的不足；文中第三部分,通过证券公司度量模型的分析比较,用熵值法对我国证券公司的风险进行判断；文中第四部分,通过对证券公司风险管理指标体系的合理性分析,找出适合我国证券公司风险预警的指标。并使用逻辑模型进行实证分析。第五部分,找出适合我国证券公司的风险控制措施。
[Abstract]:The securities market is the product of the market economy development to a certain stage and plays an increasingly important role in the capital market. Especially since -20s, the international capital market has been in crisis, many investment banks have failed or suffered huge losses. Domestic securities companies also appear a large number of securities companies bankruptcy and closure in the depressed market. Nowadays, China's securities companies not only have to deal with the competition of domestic counterparts. Facing the challenge of foreign investment banks, it is urgent to strengthen the risk control and improve the competitiveness of Chinese securities companies. The foreign investment banks establish various risk models through practice. It is a perfect risk management system in the world. Quantitative and qualitative analysis is used to control and predict risk. Although the perfect risk control management system still can not predict the financial crisis in 2007. The perfect risk management model still needs to be tested, improved and improved in practice, although the volatility in this financial crisis in China is not as profound as that in foreign countries. The securities companies in our country do not have that deep feeling, but they cannot ignore the various risks that the securities industry has to face in the course of operation and development. In the process of development, the risk management system of the securities companies in our country is not perfect. Compared with the foreign mature market risk management system, there is still a big gap, although with the development of internationalization, foreign management experience has been introduced into China's securities companies, still in the stage of exploration and adaptation. There is no complete management system of its own. The deficiencies of the foreign risk management system in this financial crisis are sufficient to show that the study of risk management requires joint efforts both in theory and in practice. Research. It is necessary to find a more suitable risk management and control system. In this paper, through the analysis of the current situation of risk management and control of securities companies in China, find out the lack of risk management and internal control of securities companies in China. And make recommendations. This paper is divided into five parts. The first part is the basic theory of internal control and risk management, the theory and definition of risk management and internal control, as well as the relationship between them. The second part of this paper studies the current situation of risk management of domestic and foreign securities companies, compares the risk management system of foreign mature markets, and finds out the shortcomings of risk management control in our country. In the third part, through the analysis and comparison of the measurement model of the securities company, we use entropy method to judge the risk of the securities company in our country. In the 4th part, by analyzing the rationality of the risk management index system of the securities company, we find out the index suitable for the risk early warning of the securities company in our country, and use the logical model to carry on the empirical analysis. 5th part. Find out the appropriate risk control measures for Chinese securities companies.
【学位授予单位】：武汉理工大学
【学位级别】：硕士
【学位授予年份】：2010
【分类号】：F832.3

【引证文献】