JD公司财务风险管理问题研究

发布时间：2018-03-27 09:30

本文选题：财务风险　切入点：风险管理　出处：《辽宁大学》2017年硕士论文

【摘要】：伴随着经济全球化速度的加速,电商企业逐步向国际化发展,我国的电商行业也已经加入了国际化竞争的行列。由于电商行业是近年来一个新兴且快速发展的行业,其风险问题不可避免地成为炙手可热的话题。对于电商企业来说,企业核心竞争力也体现在科学高效的财务风险管理水平上。现在,我国电商企业的财务风险管理的水平相比于西方发达国家仍然是比较落后的。所以,我国企业应根据我国国情,借鉴国外先进的管理技术,制定出一套科学有效的财务风险管理方法。本文以国内比较有名的电商公司JD公司为例,该公司在财务风险管理上存在着诸多问题,本文希望通过对JD公司财务风险管理的探讨,达到完善我国对财务风险管理理论研究的目的。JD公司近年来的营业额一直迅速增长,2013年营业额680亿元,2014年营业额1150亿元,到2015年营业额已经达到1813亿元。然而由于物流仓库等资产建设所需资金庞大,JD公司目前只能依赖融资与负债方式运转,尚无法维持收支平衡。JD公司亏损规模逐年扩大,2013年亏损5000万元,2014年亏损49. 96亿元,2015年亏损已经高达93. 78亿元;由此可见,加强对JD公司财务风险管理问题的研究迫在眉睫。本文将以JD公司为研究对象,结合财务风险管理的相关理论,从定性与定量的角度来分析JD公司所存在的各种财务风险,先对公司财务风险管理组织架构和现行制度进行介绍,从中发现JD公司在财务风险管理中所存在的问题,主要包括:财务风险管理制度不够完善、资金周转速度缓慢、公司负债规模过大、过度投资导致公司长期处于亏损状态以及财务风险应对能力较差等。通过对这些问题的分析研究,发现问题成因有:管理者对风险管理重要性认识不足、重资产模式给企业经营带来压力、公司债务结构不合理、投资风险评估和预警能力较弱和财务风险管理机制不完善等。本文最后提出了一些建设性的意见,包括:完善公司的风险管理组织架构、优化资本结构配置以提高资金使用效率、拓新的融资渠道、采取稳健投资模式以降低财务风险、采用财务分层控制对财务风险进行管理等五个方面,希望对完善JD公司财务风险的管理能起到一定的借鉴作用。
[Abstract]:With the accelerated pace of economic globalization, the development of commercial enterprises gradually to the international, China's electricity supplier industry have also joined the ranks of the international competition. Due to the electricity supplier industry in recent years is a new and rapid development of the industry, the inevitable risk problems become a hot topic for the business enterprise, the core competitiveness of enterprises is also reflected in the level of financial risk management scientific and efficient. Now, compared to China's financial risk management of business enterprise level in western developed countries is still relatively backward. Therefore, Chinese enterprises should be based on the national conditions of our country, draw lessons from foreign advanced management technology, developed a set of scientific and effective financial risk management method. The more well-known domestic electricity supplier company JD company as an example, the company has a lot of problems in financial risk management, this paper hopes to JD company property Discussion on financial risk management, to improve China's financial risk management theory research to.JD company in recent years has been rapid growth in turnover, turnover of 68 billion yuan in 2013, 2014 to 2015, turnover of 115 billion yuan, turnover has reached 181 billion 300 million yuan. However, due to logistics warehouse assets such as construction funds needed for large, JD currently rely on financing with the liability operation, still unable to maintain the balance of payments deficit scale of.JD is increasing year by year, 2013 loss of 50 million yuan, 4 billion 996 million yuan loss in 2014, 2015 has been a loss of up to 9 billion 378 million yuan; therefore, strengthening the research on financial risk management of JD company is imminent. This paper will take JD company as the research object, combined with the related theory of financial risk management the analysis of various financial risk existing in JD company from qualitative and quantitative point of view, the company's financial risk management Introduces the organization structure and the existing system, from the company JD, which exists in the financial risk management, including financial risk management system is not perfect, the capital turnover rate is slow, the corporate debt scale is too large, resulting in excessive investment in the company's long-term loss and financial risk coping ability is poor. Through analysis and research for these problems, the causes of the problem are found: managers recognize the importance of risk management, asset heavy model to the business pressure, corporate debt structure is unreasonable, the investment risk assessment and early warning ability and financial risk management mechanism is not perfect. The paper finally puts forward some constructive suggestions, including: perfecting the company the risk management structure, capital structure optimization configuration to improve efficiency in the use of funds, expand financing channels, to take a prudent investment mode to reduce property Five aspects, such as financial risk control, financial stratification control and financial risk management, hope to play a certain role in improving JD company's financial risk management.

【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F715.5;F724.6

【参考文献】