中国飞机租赁有限公司财务风险研究
发布时间：2019-04-04 16:35
【摘要】：融资租赁服务是一种新型金融服务,以资产使用权转移的方式融通资金,在市场经济发展过程中,能够为企业解决流动资金短缺、周转慢等问题,在飞机租赁业务中,航空公司通过定期向飞机租赁公司支付租金而取得飞机的使用权,这一行为能有效减轻航空公司购买飞机的资金压力,在一定程度上节约成本,为航空公司的发展带来活力。而对于出租方租赁公司而言,开展融资租赁业务需要大量的资金投入以及很长的资金占用周期,从而使得融资租赁企业的未来经营发展不确定,产生了财务风险。随着国家对融资租赁行业的政策倾斜,融资租赁企业如雨后春笋,大量出现,行业内竞争愈发激烈,目前融资租赁企业为寻求自身发展,过度开展融资租赁业务,而对于承租人的信誉、业务风险等因素不再重视,存在着“重业务轻风险”的现象,从而进一步加剧了融资租赁企业的财务风险,导致融资租赁企业经营失败。重视、解决融资租赁公司财务风险成为了迫在眉睫的问题,这就要求我们必须从出租方的角度,了解融资租赁公司财务风险产生的的特殊原因,进一步识别出租方的财务风险,度量财务风险,规避财务风险,降低融资租赁企业不必要的损失,实现出租人利益最大化。本文首先针对理论进行阐述,介绍相关的理论概论,然后结合契约理论、信息不对称理论、资本结构理论、全面风险管理理论,利用Z值模型分析法、现金流量表分析法和财务比率分析法等财务风险分析方法,对中国飞机租赁近三年财务报表数据进行分析,并结中国飞机租赁近三年年财务报表,针对企业的资本结构进行研究,识别度量其财务风险的大小。最后根据分析所得出结论,对中国飞机租赁财务风险的应对提出几点措施,为融资租赁企业加强财务风险管理提出几点建议。论文的目的主要是分析中国飞机租赁股份有限公司存在的财务风险然后及提出一些切实可行的财务风险管理意见,希望融资租赁其它行业也能够借鉴,为我国融资租赁行业的健康发展给予一定的帮助。
[Abstract]:Financial leasing service is a new type of financial service. In the course of the development of market economy, it can solve the problems of shortage of liquidity and slow turnover of capital in the aircraft leasing business, which is financed by the transfer of the right of use of assets. Airlines obtain the right to use aircraft by paying regular rent to aircraft rental companies. This behavior can effectively reduce the financial pressure of airlines to buy aircraft, save costs to a certain extent, and bring vitality to the development of airlines. For the lessor leasing company, the financial leasing business needs a large amount of capital investment and a long period of capital occupation, which makes the future operation and development of the financial leasing enterprise uncertain, resulting in financial risk. With the country's policy on the financial leasing industry tilted, financial leasing enterprises such as the emergence of a large number of, the competition within the industry is becoming more and more fierce, the current financial leasing enterprises in order to seek their own development, over-developed financial leasing business, But to the lessee's reputation, the business risk and other factors are no longer attached importance, there exists the phenomenon of "heavy business light risk", which further aggravates the financial risk of the financial leasing enterprise, leading to the failure of the operation of the financial leasing enterprise. It is an urgent problem to solve the financial risk of the financial leasing company, which requires us to understand the special causes of the financial risk of the financial leasing company from the point of view of the lessor, and to further identify the financial risk of the lessor. Measure the financial risk, avoid the financial risk, reduce the unnecessary loss of the financial leasing enterprise, and maximize the lessor's benefit. This paper firstly expounds the theory, introduces the related theory introduction, then combines the contract theory, the information asymmetry theory, the capital structure theory, the overall risk management theory, using the Z-value model analysis method, and then combines the contract theory, information asymmetry theory, capital structure theory and comprehensive risk management theory. The methods of financial risk analysis, such as cash flow statement analysis and financial ratio analysis, analyze the data of Chinese aircraft leasing financial statements for the past three years, and conclude the financial statements for the last three years of aircraft leasing in China. The capital structure of an enterprise is studied to identify and measure the size of its financial risk. Finally, according to the conclusion of the analysis, this paper puts forward some measures to deal with the financial risk of aircraft leasing in China, and puts forward some suggestions for financial leasing enterprises to strengthen the financial risk management. The main purpose of this paper is to analyze the financial risks existing in China aircraft Leasing Co., Ltd., and then put forward some feasible financial risk management suggestions, hoping that other financial leasing industries can also learn from them. For the healthy development of China's financial leasing industry to give some help.
【学位授予单位】：石河子大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.39;F830.42
本文编号：2453980
[Abstract]:Financial leasing service is a new type of financial service. In the course of the development of market economy, it can solve the problems of shortage of liquidity and slow turnover of capital in the aircraft leasing business, which is financed by the transfer of the right of use of assets. Airlines obtain the right to use aircraft by paying regular rent to aircraft rental companies. This behavior can effectively reduce the financial pressure of airlines to buy aircraft, save costs to a certain extent, and bring vitality to the development of airlines. For the lessor leasing company, the financial leasing business needs a large amount of capital investment and a long period of capital occupation, which makes the future operation and development of the financial leasing enterprise uncertain, resulting in financial risk. With the country's policy on the financial leasing industry tilted, financial leasing enterprises such as the emergence of a large number of, the competition within the industry is becoming more and more fierce, the current financial leasing enterprises in order to seek their own development, over-developed financial leasing business, But to the lessee's reputation, the business risk and other factors are no longer attached importance, there exists the phenomenon of "heavy business light risk", which further aggravates the financial risk of the financial leasing enterprise, leading to the failure of the operation of the financial leasing enterprise. It is an urgent problem to solve the financial risk of the financial leasing company, which requires us to understand the special causes of the financial risk of the financial leasing company from the point of view of the lessor, and to further identify the financial risk of the lessor. Measure the financial risk, avoid the financial risk, reduce the unnecessary loss of the financial leasing enterprise, and maximize the lessor's benefit. This paper firstly expounds the theory, introduces the related theory introduction, then combines the contract theory, the information asymmetry theory, the capital structure theory, the overall risk management theory, using the Z-value model analysis method, and then combines the contract theory, information asymmetry theory, capital structure theory and comprehensive risk management theory. The methods of financial risk analysis, such as cash flow statement analysis and financial ratio analysis, analyze the data of Chinese aircraft leasing financial statements for the past three years, and conclude the financial statements for the last three years of aircraft leasing in China. The capital structure of an enterprise is studied to identify and measure the size of its financial risk. Finally, according to the conclusion of the analysis, this paper puts forward some measures to deal with the financial risk of aircraft leasing in China, and puts forward some suggestions for financial leasing enterprises to strengthen the financial risk management. The main purpose of this paper is to analyze the financial risks existing in China aircraft Leasing Co., Ltd., and then put forward some feasible financial risk management suggestions, hoping that other financial leasing industries can also learn from them. For the healthy development of China's financial leasing industry to give some help.
【学位授予单位】：石河子大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.39;F830.42
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