基于合同能源管理运作的节能服务公司财务风险预警研究

发布时间：2018-01-04 16:41

本文关键词：基于合同能源管理运作的节能服务公司财务风险预警研究　出处：《广东外语外贸大学》2014年硕士论文　论文类型：学位论文

【摘要】：近年来，合同能源管理项目在我国受到迅速推广，我国涌现出越来越多具有自主创新能力的节能服务公司。截至2013年5月，国家认可的“正规军”行列的节能服务公司已达3210家，这一数字连同在2012年底创下了1650亿产值，标志着国内节能服务产业规模的壮大。我国政府为了促进和保证合同能源管理项目在我国的发展，，从资金支持、政策支持、技术创新等各个方面做出了贡献。然而，在产业壮大的同时，节能服务公司所面临的是节能服务市场竞争的无序，加上合同能源管理项目有着其自身的缺陷，导致节能服务公司尤其面临着筹资、投资、资金回收、收益分配及现金流量等财务风险问题。因此，如何适应环境的变化，提高抗风险能力就成为摆在节能服务公司面前的一个现实而又严峻的问题。为此，探究对基于合同能源管理运作的节能服务公司财务风险进行有效的控制研究就显得十分重要和迫切。首先本文阐明了研究背景和研究意义，分析总结了目前国内外合同能源管理的机制发展和节能服务公司风险研究，以及对国内外学者关于财务风险的理论和实证相关研究文献进行了回顾与分析。其次，根据合同能源管理项目的特点与节能服务公司自身特点对引发其财务风险的成因进行分析。最后，结合成因分析和前人关于企业财务风险预警的实证研究经验，选取了22家ST上市节能服务公司与28家非ST上市节能服务公司作为研究配对样本，采用因子分析法与logistic回归分析法相结合的方式构建企业财务风险预警模型，并对模型的预测结果进行分析、总结以及提出相关建议。
[Abstract]:In recent years, the contract energy management project has been rapidly popularized in our country, and more and more energy-saving service companies with independent innovation ability have emerged in our country. Until May 2013. The state-approved "regular army" ranks of energy-saving service companies have reached 3, 210, this figure together with in end of 2012 set a 165 billion output value. In order to promote and guarantee the development of the contract energy management project in China, the government supports from funds and policies. Technological innovation and other aspects have made contributions. However, while the industry is growing, energy-saving service companies are facing the disorder of competition in the energy-saving service market, coupled with the contract energy management project has its own defects. As a result, energy-saving service companies are faced with financing, investment, capital recovery, income distribution and cash flow and other financial risks. Therefore, how to adapt to the changes in the environment. To improve the ability to resist risks has become a realistic and severe problem in front of energy-saving service companies. It is very important and urgent to study the financial risk control of energy-saving service companies based on contract energy management. First of all, this paper clarifies the research background and significance, analyzes and summarizes the current domestic and foreign contract energy management mechanism development and energy-saving service company risk research. And domestic and foreign scholars on financial risk theory and empirical research literature review and analysis. Secondly. According to the characteristics of the contract energy management project and the characteristics of energy-saving service company, the causes of financial risk are analyzed. Finally, combined with the cause analysis and previous empirical research experience on enterprise financial risk early warning. Twenty-two St listed energy-saving service companies and 28 non-St listed energy-saving service companies were selected as paired samples. The early warning model of enterprise financial risk is constructed by the combination of factor analysis and logistic regression analysis. The forecast results of the model are analyzed, and the relevant suggestions are put forward.
【学位授予单位】：广东外语外贸大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F406.7;F426.2;F272.3

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