公路行业债务风险管理研究

发布时间：2018-03-27 13:35

本文选题：公路行业　切入点：风险管理　出处：《长安大学》2013年硕士论文

【摘要】：上世纪九十年代以来，我国公路建设进入跨越式的发展阶段，，公路建设的快速发展，在促进经济发展、加强地区联系、提高人民生活水平上发挥了重要的作用。然而，随着建设里程的不断增加，债务规模也在不断扩大，公路建设融资主要依赖于债务性资金且绝大部分来源于银行贷款，这些巨额款项都将由公路企业未来经营收入进行偿还，公路企业承担着较重的还本付息压力。尤其是近两年随着还贷高峰的相继到来，公路行业偿债压力越来越大，债务风险日益显现。鉴于以上问题，如何加强债务风险管理,有效防范和规避债务风险是我国公路行业健康持续发展的重要保障。文章首先介绍了我国公路行业进行债务风险管理的研究背景、研究意义、国内外的研究状况等。其次，以相关数据为基础，对我国公路的建设状况进行分析的基础上，引出公路行业债务风险现状，并在此基础上分析了我国公路债务风险产生的原因。第三，对风险管理相关理论进行介绍，包括风险、风险管理定义、风险管理的过程及方法，为公路行业债务风险的识别、评估与应对提供理论研究基础。第四，公路行业债务风险的识别与评估，在借鉴历史研究成果的基础上确定了高速公路债务风险评价指标，结合高速公路财务预警指标，构建了公路企业债务风险评估模型，并对某一高速公路行业五年数据进行债务风险评估，在此过程中，发现影响债务风险大小的主要因素，为公路行业债务风险的管理提供一定的依据。最后，根据我国公路债务风险产生的原因及债务风险评估结果，从政府、企业自身、金融机构三方面提出我国公路行业债务风险防范与规避的具体措施。
[Abstract]:Since the 1990s, China's highway construction has entered a leapfrog stage of development. The rapid development of highway construction has played an important role in promoting economic development, strengthening regional ties, and improving people's living standards. With the increasing of construction mileage, the debt scale is also expanding. Highway construction financing mainly depends on debt funds and most of them come from bank loans. These huge sums will be repaid by highway enterprises' future operating income. Highway enterprises bear heavy debt service pressure, especially with the arrival of loan repayment peak in the last two years, the debt service pressure of highway industry is increasing and the debt risk is becoming more and more obvious. In view of the above problems, how to strengthen debt risk management, Effective prevention and avoidance of debt risk is an important guarantee for the healthy and sustainable development of China's highway industry. Firstly, the paper introduces the research background, significance and research status of debt risk management in China's highway industry. Secondly, based on the relevant data, the paper analyzes the status of highway construction in China. The present situation of debt risk in highway industry is introduced, and on this basis, the causes of highway debt risk in China are analyzed. Thirdly, the related theories of risk management are introduced, including risk, definition of risk management, process and method of risk management. It provides a theoretical basis for the identification, evaluation and response of highway debt risk. Fourth, the identification and evaluation of highway debt risk, based on the historical research results, the highway debt risk evaluation index is determined. Combined with highway financial early warning index, this paper constructs the debt risk assessment model of highway enterprise, and evaluates the debt risk of a highway industry for five years. In the process, the main factors affecting the debt risk are found. Finally, according to the causes of highway debt risk and the results of debt risk assessment, from the government, enterprises themselves, Three aspects of financial institutions put forward China's highway industry debt risk prevention and avoidance of specific measures.
【学位授予单位】：长安大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F542

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