A高科技中小企业在新三板挂牌融资的研究

发布时间：2018-05-06 15:00

本文选题：高科技中小企业 + 新三板　；参考：《吉林财经大学》2017年硕士论文

【摘要】：高科技中小企业是我国目前以知识经济为主导发展的重要力量,在当下的经济发展过程中这些企业有着不容小视的位置。由于高科技中小企业存在与生俱来的三个特点即高风险、高收益和高成长性,这些特点严重制约了他们进行融资的脚步,从而影响企业的快速发展。经过研究调查,挂牌新三板是高科技中小企业解决资金短缺的一个很好的方式,近几年挂牌新三板的高科技中小企业越来越多,也得到了很好的发展。本文的研究给高科技中小企业提供了一个比较适合它的融资方式,促进了高科技中小企业的发展,从而带动国家经济的发展,所以本课题的研究是具有很高的价值。本文选取的案例是生物医药的一个高科技中小企业,随着我国老龄化人口的急剧增加,生活环境日益恶化,我们自身的健康状况引起了足够的重视,并且近几年国家多次在重大会议中将医药方面的问题作为议题进行讨论,生物医药行业是国家比较重视的行业之一,所以本文的案例对象我选择了生物医药。将A公司运用于本文具有很好的代表性,因为A公司通过在新三板挂牌由一个“三少企业”做大做强,是新三板挂牌企业的明星公司。目前A公司是国家863重点项目的高科技中小企业之一,是北京重点培养的技术开发机构和技术研究中心,它具备了强有力的科研团队和国家的支持,曾经荣获清科“中国最具投资价值企业50强”,并在2014年评选的新三板最具发展潜力奖中获奖。本文通过对A公司的分析来说明高科技中小企业与新三板市场的结合是一个有效的融资方式。通过分析A公司的简介、组织结构、股权结构还有挂牌新三板的背景以及A公司的财务状况,可知A公司急需融资,但是又很难在银行获得借款,在新三板挂牌之后共融资10203.2万元,成为了圈子里的明星公司。本文分析了A公司挂牌新三板的优势如规范了A公司的制度,提高了A公司的融资能力,提高了A公司的股权价值,以及为A公司以后的转板做了铺垫。同时在融资过程中存在的财务风险、融资风险意识有待加强及增加了A公司的成本费用的三种问题,并且根据问题提出有效的建议,即健全财务部门职能,完善企业财务制度做好融资规划;加强与成功企业合作,有效控制支出,拓展更多融资方式;运用股权激励,留住人才,增强企业竞争力。
[Abstract]:High-tech small and medium-sized enterprises are an important force leading the development of knowledge economy in our country at present. In the current economic development process, these enterprises have a position that can not be underestimated. Due to the inherent three characteristics of high-tech SMEs, namely, high risk, high income and high growth, these characteristics seriously restrict the pace of their financing, thus affecting the rapid development of enterprises. Through research and investigation, listing the new third board is a good way for high-tech SMEs to solve the shortage of funds. In recent years, there are more and more high-tech SMEs listed on the new third board, and they have also got very good development. The research in this paper provides a more suitable financing method for high-tech SMEs, promotes the development of high-tech SMEs, and promotes the development of national economy, so the research of this topic is of high value. The case selected in this paper is a high-tech small and medium-sized enterprise in biomedicine. With the rapid increase of aging population and the worsening living environment in China, our own health status has attracted enough attention. And in recent years, the country has discussed the issue of medicine many times in major conferences, the biomedical industry is one of the industries that the country pays more attention to, so the case object of this paper I chose biomedicine. The application of company A in this paper is very representative, because company A is the star company of the new three boards listed by a "three small enterprises". At present, company A is one of the high-tech small and medium-sized enterprises in the national 863 key projects. It is a key technology development institution and technology research center in Beijing. It has a strong scientific research team and the support of the state. Has won the Qing Keke "China's top 50 most investment value enterprises", and in 2014 in the new three board most development potential award award. Through the analysis of company A, this paper shows that the combination of high-tech small and medium-sized enterprises and the new third board market is an effective way of financing. By analyzing company A's brief introduction, organizational structure, equity structure and the background of the listing of the new third board, as well as the financial situation of company A, we can see that company A is in urgent need of financing, but it is very difficult to obtain loans from banks. In the new three-board listing after a total of 102.032 million yuan, became the circle of the star company. This paper analyzes the advantages of A company listing new third board, such as standardizing A company's system, improving A company's financing ability, raising A company's equity value, and paving the way for A company's later transfer board. At the same time, in the process of financing the financial risk, the awareness of financing risk needs to be strengthened and increased the cost and expenses of company A three kinds of problems, and put forward effective suggestions according to the problem, that is, improve the function of finance department. Improve the financial system of enterprises to do a good job of financing planning; strengthen cooperation with successful enterprises, effectively control expenditure, expand more ways of financing; use equity incentives, retain talent, enhance the competitiveness of enterprises.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.72;F832.51

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