A制造企业资本项目预算和风险管理分析

发布时间：2018-01-11 07:30

本文关键词：A制造企业资本项目预算和风险管理分析　出处：《上海交通大学》2013年硕士论文　论文类型：学位论文

【摘要】：投资周期长是资本项目的一大特点,并且经常伴随着较大的投资金额,在企业中,作为战略实现的重要步骤,密切相关于企业的长期发展战略。企业的每一个决策都会影响公司的利润和风险状况,因而,面对复杂的市场和经济形势,我们在关注企业资本项目预算管理的同时,也必须充分考虑资本项目的风险管理,强化企业的资本项目预算和风险抵抗能力。本文就是在这一思考前提下,进行企业资本预算和风险管理的研究,发现企业资本预算管理中存在的困难,并寻求面临问题的解决方案,此外,主动进行风险管理,使得企业的资本管理得到进一步规范,而企业的风险管控也得到进一步强化。本文的分析和论证过程主要通过资本预算和风险管理两部分结合,运用常用的回收期法、NPV法以及敏感性分析等方法完成论证过程。首先,在国内外对于资本项目预算管理和风险管理的研究的基础上,从传统的资本预算决策理论和常用风险管理的理论入手,系统地介绍资本项目预算管理和风险管理管理的方法和其作用,并明确风险管理在资本预算管理中的重要地位,强调风险管理对于资本项目管理的重要意义。然后,通过对于国内制造企业现状数据的分析和基于问卷调查的结果,归纳我国制造企业资本预算管理面临的主要问题。第四章是本文的重点,根据本人在A公司从事资本项目管理的工作经历,通过具体的项目案例分析,运用一系列的数据图表,从项目的预算与决策、财务风险和项目风险,详细介绍了跨国公司如何进行资本项目预算管理和风险管理,为国内企业进行资本项目预算和风险管理提供了一个可行的模板。最后,对资本预算管理和风险管理在国内企业的运用提出了建议。选用了比较容易使用和让企业管理层接受的回收期法和现金流法,在风险管理体系中也使用了实际操作意义比较强和直观形象的敏感性分析和风险地图法进行分析和讨论。希望本文对于投资项目的资本预算和风险管理的全体系中的两个关键内容的研究,能够对于国内企业的资本项目管理有一定的借鉴和参考意义。
[Abstract]:Long investment cycle is a major feature of capital account, and often accompanied by a large amount of investment, in the enterprise, as an important step of strategic realization. It is closely related to the long-term development strategy of the enterprise. Every decision of the enterprise will affect the profit and risk of the company, therefore, facing the complex market and economic situation. While we pay close attention to the enterprise capital account budget management, we must also consider the capital account risk management, strengthen the enterprise capital account budget and risk resistance ability, this article is under this consideration premise. Through the research of enterprise capital budget and risk management, we find the difficulties in the enterprise capital budget management, and seek solutions to the problems. In addition, we take the initiative to carry out risk management. The capital management of enterprises has been further standardized, and the risk management of enterprises has been further strengthened. The analysis and demonstration process of this paper is mainly through the combination of capital budget and risk management. Using the commonly used payback period method NPV method and sensitivity analysis to complete the demonstration process. Firstly, on the basis of domestic and foreign research on capital account budget management and risk management. Starting with the traditional theory of capital budget decision and the theory of risk management, this paper systematically introduces the methods and functions of capital project budget management and risk management management. And make clear the important position of risk management in capital budget management, emphasize the importance of risk management to capital account management. Then. Through the analysis of the current situation of domestic manufacturing enterprises and based on the results of questionnaires, this paper summarizes the main problems facing the capital budget management of manufacturing enterprises in China. Chapter 4th is the focus of this paper. According to my experience in capital account management in company A, through the specific project case analysis, using a series of data charts, from the project budget and decision-making, financial risk and project risk. This paper introduces in detail how transnational corporations carry out capital account budget management and risk management, which provides a feasible template for domestic enterprises to carry out capital account budget and risk management. The paper puts forward some suggestions on the application of capital budget management and risk management in domestic enterprises, and chooses the payback period method and cash flow method which are easy to use and acceptable to the management of the enterprise. Sensitivity analysis and risk map are also used in the risk management system. It is hoped that the whole system of capital budget and risk management of investment projects will be analyzed and discussed in this paper. The study of two key elements in the. Can be used for reference and reference to the capital account management of domestic enterprises.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F426.32;F406.7;F272.3

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