江西上市公司战略风险评估研究

发布时间：2018-03-30 23:19

本文选题：战略风险　切入点：战略风险评估　出处：《江西财经大学》2014年硕士论文

【摘要】：随着科技的进步和全球经济一体化进程的加快,企业的外部经营环境变得愈加复杂,企业之间的竞争非常激烈。伴随着环境变化和自身资源的变化,战略风险问题已经成为每一个企业不得不面对、无法避免的问题。要想在不断变化的环境与竞争中得到生存与发展,如何控制和降低战略风险也成为每一个企业需要思考的问题。进入新的时代,企业如何进行战略风险管理,如何获得新的竞争优势,是所有企业需要认真思考的问题,江西上市公司也不例外。本文研究的是江西上市公司战略风险评估问题。首先通过搜集江西上市公司财务数据,结合财务数据与知识构建战略风险评估指标体系,并通过因子分析法对江西上市公司战略风险进行评估,从而得到影响因素。然后通过相关性分析和回归分析来研究江西上市公司战略风险影响因素,最后提出江西上市公司战略风险控制政策,并进行总结和展望。第一章是绪论部分。对本研究的研究背景和研究意义进行介绍,其中研究意义包括理论意义和现实意义,然后对所采纳的主要研究方法和研究内容进行了阐述,最后介绍了本研究过程中的创新点与研究中存在的不足。第二章为理论综述。首先是对国内外学者关于战略风险领域研究成果的文献综述部分,其中包括战略风险概念、评估方法、影响因素及其控制系统,随后也对上市公司战略风险相关理论研究成果进行整理和分析,并分析总结出战略风险研究的现状与不足,最后进行述评。理论部分主要是阐述了战略风险构成要素和形成过程。第三章首先对江西上市公司的概况进行了介绍,然后对江西上市公司战略风险进行评估。本章节主要是通过因子分析法对江西上市公司战略风险进行量化评估。第四章是江西上市公司战略风险的影响因素分析,主要是通过相关性分析、方差分析和回归分析来研究盈利能力、偿债能力和资产管理能力与战略风险之间的关系。第五章是在对江西上市公司战略风险评估及其影响因素分析的基础上,针对性地提出江西上市公司战略风险控制的政策建议。基于江西上市公司战略风险影响因素的分析,分别从江西上市公司盈利能力因素、偿债能力因素、资产管理能力因素和其他战略风险控制政策来相应地提出政策建议。第六章为结论与展望,主要是对论文的研究进行了总结,并提出了论文今后可能的研究方向。通过对收集的江西上市公司财务数据运用因子分析法进行研究,提取出盈利能力、偿债能力和资产管理能力这3个公因子,并得出江西上市公司战略风险整体水平较高。根据战略风险评估值不同,可分为三类公司。第一类公司战略风险最小,第二类公司次之,第三类公司战略风险最大。通过对江西上市公司战略风险影响因素,即盈利能力、偿债能力和资产管理能力运用相关性分析得到,盈利能力、偿债能力和资产管理能力呈低度相关,盈利能力和偿债能力分别与战略风险呈显著正相关,资产管理能力与战略风险相关性不显著,呈低度相关。同时运用回归分析得到,3个影响因素中,盈利能力对战略风险的影响最大(0.43),偿债能力次之(0.38),资产管理能力最小(0.17)。本文针对江西上市公司战略风险评估结果相应地从盈利能力、偿债能力、资产管理能力和其他方面提出战略风险控制政策。基于盈利能力的战略风险控制政策是谨慎进行投资、适时调整盈利模式和注重非物质性因素；基于偿债能力的战略风险控制政策是注重资产质量的提高、科学举债与优化资本结构、制定合理的偿债计划；基于资产管理能力的战略风险控制政策是加强资产管理的信息化建设和完善固定资产报废管理制度；其他战略风险控制政策是建立公司战略风险预警机制、建立学习型组织和注重多方面能力的协调发展。本文对江西上市公司战略风险评估研究,为江西上市公司进行战略风险控制提供了一定的参考价值,具有较大的实际意义。
[Abstract]:With the progress of science and technology and the acceleration of global economic integration, enterprise external business environment becomes more and more complicated, the competition among enterprises is very fierce. Along with the environment change and its resources, strategic risk has become every enterprise have to face, the problem can not be avoided. To get survival and development environment and competition to in a changing, how to control and reduce the strategic risk becomes every enterprise needs to think about. Entering the new era, how to carry out the strategy of enterprise risk management, how to obtain new competitive advantage, is the need to seriously ponder all enterprises, listed companies in Jiangxi is no exception.
This study is the evaluation of the strategic risk of Listed Companies in Jiangxi. Firstly, through the financial data collection of Jiangxi listed companies, construction of evaluation index system of strategic risk combined with the financial data and knowledge, and through the factor analysis method of strategic risk assessment of Listed Companies in Jiangxi, which has been in influencing factors. And then through regression analysis to study the influencing factors of Jiangxi strategy correlation analysis of risk of listed companies, finally put forward the strategic risk control of Listed Companies in Jiangxi, and the summary and outlook.
The first chapter is the introduction. The research background and significance of the research are introduced, which includes the significance of the study of theoretical and practical significance, and then adopted the main research methods and research content of the paper, finally introduces the limitations of this study are in the process of innovation and research. The second chapter is the theory review of domestic and foreign scholars. The first is the research on the strategic risk in the field of literature review, including the concept of strategic risks, evaluation methods, influence factors and control system, and also to the listed company strategic risk related theoretical research, collation and analysis, and sums up the present situation and the insufficiency of research on strategic risk, finally the review of the theory. The second part mainly expounds the elements and the formation process of strategic risk. The third chapter of the listed companies in Jiangxi are introduced, Then the strategic risk to the listed companies in Jiangxi for evaluation. This section is mainly through the factor analysis method of strategic risk quantitative assessment of Listed Companies in Jiangxi. The fourth chapter is the analysis of the factors affecting the strategic risk of the listed companies in Jiangxi, mainly through correlation analysis, variance analysis and regression analysis to study the relationship between profitability, solvency and asset management the ability and strategy of risk. The fifth chapter is the basic analysis on factors of strategic risk evaluation of Listed Companies in Jiangxi and its influence on the proposed Jiangxi listed company strategic risk control policy recommendations. The factors of strategic risk of Listed Companies in Jiangxi based on influence, respectively from the Jiangxi listed company profitability factors, solvency, asset management factors and other strategic risk control policy to put forward corresponding policy suggestions. The sixth chapter is the conclusion and Exhibition The main point is to summarize the research of the paper and put forward the possible future research direction of the thesis.
Based on the collection of Jiangxi listed company financial data by using the factor analysis method, extract the profitability, solvency and asset management capabilities of the 3 common factors, and that the overall level of strategic risk of Listed Companies in Jiangxi is high. According to the strategic risk assessment is different, can be divided into three types. The first type of company strategic risk minimum second types of companies, the third companies most strategic risk. Through the factor of strategic risk on Jiangxi listed companies, including profitability, solvency and asset management capabilities are obtained using the correlation analysis, profitability, a low correlation solvency and asset management capabilities, profitability and solvency and strategic risk significantly no significant positive correlation, asset management capabilities and strategic risk correlation, a low correlation. The regression analysis, 3 factors, profitability The biggest impact on strategic risk (0.43), (0.38) the solvency, asset management ability of the minimum (0.17). According to the strategic risk evaluation of Listed Companies in Jiangxi result from profitability, solvency, asset management ability and other aspects put forward the strategic risk control policy. Based on the profitability of the strategic risk control the policy is prudent investment, adjust the profit model and focus on intangible factors; strategic risk control policy based on the solvency of assets is to pay attention to improve the quality of science, debt and capital structure optimization, formulate a reasonable repayment plan; strategic risk asset management capacity control strategies based on informatization construction to strengthen and improve the management of asset management the system of retirement of fixed assets; other strategic risk control policy is to establish the mechanism of strategic risk early warning, the establishment of learning organization and focus on multi The coordinated development of face ability.
This paper studies the strategic risk assessment of Jiangxi listed companies, which provides a reference value for Jiangxi listed companies to conduct strategic risk control and has great practical significance.

【学位授予单位】：江西财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

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