株洲市A开发投资公司融资风险研究

发布时间：2018-02-28 03:26

本文关键词： 株洲市A开发投资公司融资风险层次分析法活化资本　出处：《湖南工业大学》2017年硕士论文　论文类型：学位论文

【摘要】：2008年爆发的世界金融危机,给中国乃至整个世界经济发展都造成了较大的负面影响。为了保证国内经济的正常发展,满足地方政府的发展和基础建设投资的需要,地方政府凭借自身资信搭建了各类开发投资公司,株洲市A开发投资公司正是这一背景下的产物。该公司自成立以来,作了许多大胆的探索和尝试,取得了长足的发展,但近年来随着政府产业政策和企业内外环境的变化,企业面临的融资风险越来越大,稍有不慎,就会严重影响企业和地方经济的发展。文章以现代企业管理理论和风险管理理论为基础,以株洲市A开发投资公司融资风险为研究对象,在系统梳理国内外现有研究成果的基础上,对企业融资的概念、影响因素与风险识别以及企业融资风险管理的理论基础进行了简单概述。通过对株洲市A开发投资公司目前情况的调查,发现该公司融资面临的主要风险是管理机制不健全,承险能力日趋脆弱,贷款风险日益加大,债务风险逐年攀升,贷款规模不断受限。主要原因是公司信用度不高、政府管控不力、债务监管不严。运用层次分析法和运筹学理论,构建了比较科学的风险评价指标体系,确定了一级指标、二级指标和三级指标的权重和计算方法,并以此为依据,对整个公司的融资风险进行评价。提出化解株洲市A开发投资公司融资风险需要建立现代企业制度,加强偿债管理;严格监督平台公司运营行为,出台相关制度规章;加强台账审查,加强对募集资金使用的跟踪监管;创新融资模式,全面活化资本,确保资金发挥最大效益。
[Abstract]:In 2008, the world financial crisis broke out, which had a great negative impact on the economic development of China and the whole world. In order to ensure the normal development of domestic economy and meet the needs of local governments' development and infrastructure investment, Local governments have built various development and investment companies with their own credit standing. Zhuzhou A Development and Investment Company is the product of this background. Since its establishment, the company has made many bold explorations and attempts, and has made considerable progress. However, in recent years, with the changes in government industrial policies and the internal and external environment of enterprises, the financing risks faced by enterprises are becoming more and more large, and a little careless. It will seriously affect the development of enterprises and local economy. Based on modern enterprise management theory and risk management theory, this paper takes the financing risk of Zhuzhou A development investment company as the research object. On the basis of systematically combing the existing research results at home and abroad, the concept of enterprise financing is introduced. The influencing factors and risk identification as well as the theoretical basis of enterprise financing risk management are briefly summarized. Through the investigation of the current situation of Zhuzhou A Development and Investment Company, it is found that the main risk that the company faces in financing is the imperfect management mechanism. The risk bearing ability is becoming more and more fragile, the loan risk is increasing day by day, the debt risk is rising year by year, the loan scale is restricted constantly. The main reason is that the credit degree of the company is not high, the government control is weak, the debt supervision is not strict, and the analytic hierarchy process (AHP) and the theory of operational research are used. A more scientific index system of risk evaluation is constructed, and the weights and calculation methods of the first class index, the second class index and the third grade index are determined. To evaluate the financing risk of the whole company, it is proposed that to resolve the financing risk of Zhuzhou A development investment company, we need to establish modern enterprise system, strengthen debt service management, strictly supervise the operating behavior of the platform company, and issue relevant system rules and regulations. Strengthen the audit of the accounts, strengthen the tracking and supervision of the use of the raised funds, innovate the financing mode, fully activate capital, and ensure the maximum benefit of the funds.
【学位授予单位】：湖南工业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.39;F830.42

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