辽宁洁运LNG项目财务风险管理问题研究

发布时间：2018-03-22 13:14

本文选题：财务风险　切入点：资本结构　出处：《长春工业大学》2015年硕士论文　论文类型：学位论文

【摘要】：论文选择《辽宁洁运能源有限公司LNG加气站工程项目》为背景项目开展研究。从“筹资视角”、“不确定性视角”、“资本结构视角”等三个侧面研究企业财务风险问题。筹资视角下的企业财务风险主要是长短期借款的偿还风险。经测算,项目融资风险极低。不确定性视角下的企业财务风险因素主要包括：政策法律风险、资源风险、质量安全环保风险等因素。不确定性视角下的企业财务风险最终会影响项目的投资额、销售量；产品进销差价和人工费用等影响经营成本。资本结构视觉下的财务风险主要是股权资本风险。采用定量评价法定量评价项目财务风险,采用模糊评价评价项目财务风险,同时,剖析了财务风险的成因,提出了项目财务风险控制对策：一是规范项目公司治理结构；二是建立财务风险预警系统。政策建议：加气站规模偏小,类似于手工作坊,应该扩大加气站建设规模,允许社会资金介入,同时,商业银行应该降低信贷门槛,为加气工程提供更多的贷款。改善资本结构,发挥财务杠杆作用,降低财务风险。政府应该放开“油改气”限制,提高车辆对天然气的需求量,进而扩大天然气的销售量,降低加气站的运营风险。
[Abstract]:This paper chooses "Liaoning Jiayun Energy Co., Ltd. LNG filling Station Project" as the background project to carry out the research. From "financing perspective", "uncertainty perspective", "capital structure perspective" to study the enterprise financial risk problem from three aspects: "financing perspective", "uncertainty perspective", "capital structure perspective". The financial risk of enterprises from the perspective of financing is mainly the repayment risk of short-term and long-term borrowing. Project financing risk is very low. The financial risk factors of enterprise under the uncertainty perspective mainly include: policy and law risk, resource risk, Quality, safety, environmental protection risk and other factors. The enterprise financial risk under the uncertainty perspective will ultimately affect the project investment, sales volume; The financial risk under the capital structure is mainly equity capital risk. The quantitative evaluation method is used to evaluate the project financial risk, the fuzzy evaluation method is used to evaluate the project financial risk, and at the same time, This paper analyzes the causes of financial risks, and puts forward some countermeasures for controlling project financial risks: first, standardizing the governance structure of project companies; secondly, establishing an early warning system for financial risks. At the same time, commercial banks should lower the credit threshold, provide more loans for gas filling projects, improve the capital structure, and give full play to financial leverage. To reduce the financial risk, the government should liberalize the "oil to gas" restriction, increase the demand for natural gas for vehicles, and then expand the natural gas sales volume and reduce the operating risk of gas filling stations.
【学位授予单位】：长春工业大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F406.7;F426.22

【参考文献】