基于CAMELS评价体系的GY融资租赁公司风险管理研究

发布时间：2018-04-04 22:11

本文选题：融资租赁业务　切入点：CAMELS评级指标体系　出处：《广西师范大学》2017年硕士论文

【摘要】：在当今社会经济发展中,融资租赁的地位不可或缺。融资租赁与其他金融产品存在相同的信用、操作、市场、流动性等风险属性,交易中风险的高低直接决定了承租人与出租人经济利益的多少。如何界定、掌握融资租赁公司在经营过程中面临的各种风险性和不确定性,以防范风险,加强治理,是融资租赁公司能否长久发展的决定性因素。当前GY融资租赁公司面临着实体经济下行,融资租赁公司风险凸显,如何有效管理融资租赁公司风险是当前公司亟需解决的问题。再次,选取2011-2016年公司经营及财务数据,运用CAMELS风险评级指标体系分别从资本充足水平、资产质量、管理水平、获利水平、资产流动性、对市场上风险的敏感程度以及综合风险七个方面对GY融资租赁公司进行风险评估案例分析,并得出以下结论:GY融资租赁有限公司的资本充足水平较高,资产质量较好,文章主要运用文献研究与案例研究相结合的方法,在对融资租赁风险管理相关理论和文献资料梳理的基础上,对GY融资租赁公司的风险管理进行研究。首先,文章分析了融资租赁公司的风险类别及评价方法,重点分析了风险评价的CAMELS指标体系,即资本充足性(Capital adequacy)、资产质量(Asset quality)、管理水平(Management quality)、盈利能力(Earnings)、资产的流动性(Liquidity)以及市场风险的敏感性(Sensitivity to market risk)。并分析了 CAMELS评价体系在融资租赁公司风险评价中的可行性,为本文的研究奠定了基础。其次,以GY融资租赁公司为例,从信用风险管理和操作管理两方面分析公司的风险管理现状。管理能力较强,盈利能力也比较突出,对市场风险的敏感性比较恰当,但是公司资产流动性偏低。针对GY融资租赁有限公司风险管理所存在的问题,运用CAMELS风险评级指标体系构建了 GY公司的融资租赁风险管理体系,包括承租人信用风险管理体系、承租人市场行业风险管理体系、员工操作风险管理体系、利率风险管理体系、流动性风险管理体系。最后,依据针对风险管理体系提出相应的实施保障建议,从组织结构的构建、业务流程的优化、风险分散策略的执行、企业风控文化的落实、风控人才的培养、资金期限的管理、企业变现和融资能力的优化等方面提出优化建议。本文以GY融资租赁公司为例,运用CAMELS信用评级指标体系对其现存的融资租赁风险管理进行评价,并构建了适合GY公司融资租赁风险管理的CAMELS体系。同时,也希望为同类融资租赁公司的风险管理提供有益借鉴。
[Abstract]:In today's social and economic development, the position of financial leasing is indispensable.Financial leasing has the same risk attributes as other financial products, such as credit, operation, market, liquidity and so on. The level of risk directly determines the economic benefits of lessee and lessor.How to define and grasp all kinds of risks and uncertainties faced by financial leasing companies in the course of operation in order to prevent risks and strengthen governance is the decisive factor for the long-term development of financial leasing companies.At present, GY financial leasing company is facing the downward trend of the real economy, and the risk of financial leasing company is prominent. How to manage the risk of financial leasing company effectively is an urgent problem for the company to solve.Thirdly, select 2011-2016 company management and financial data, use CAMELS risk rating index system from the capital adequacy level, asset quality, management level, profit level, asset liquidity, respectively,This paper analyzes the risk assessment of GY financial leasing company in seven aspects of risk sensitivity and comprehensive risk, and draws the following conclusions: the capital adequacy level is high and the asset quality is good.This paper mainly uses the method of combining literature research and case study to study the risk management of GY financial leasing company on the basis of combing the relevant theory and literature of financial lease risk management.First of all, this paper analyzes the risk categories and evaluation methods of financial leasing companies, and focuses on the CAMELS index system of risk evaluation.That is, capital adequacy, asset quality, management, profitability, liquidity of assets, and sensitivity to market risk.The feasibility of CAMELS evaluation system in the risk assessment of financial leasing companies is analyzed, which lays a foundation for the research of this paper.Secondly, taking GY financial leasing company as an example, the paper analyzes the current situation of risk management from two aspects: credit risk management and operation management.The management ability is strong, the profit ability is also prominent, the sensitivity to the market risk is more appropriate, but the company's assets liquidity is on the low side.Aiming at the problems in risk management of GY Financial Lease Co., Ltd., this paper constructs the risk management system of GY Company by using CAMELS risk rating index system, including the credit risk management system of lessee.Lessee market industry risk management system, employee operation risk management system, interest rate risk management system, liquidity risk management system.Finally, according to the risk management system to put forward the corresponding implementation protection suggestions, from the construction of organizational structure, business process optimization, the implementation of risk dispersal strategy, the implementation of corporate risk control culture, risk control personnel training,Suggestions are made on capital term management, corporate liquidity and financing capacity optimization.Taking GY financial leasing company as an example, this paper uses CAMELS credit rating index system to evaluate its existing financial lease risk management, and constructs a CAMELS system suitable for GY company's financial lease risk management.At the same time, we also hope to provide useful reference for the risk management of similar financial leasing companies.
【学位授予单位】：广西师范大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.39;F272.3

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