外部环境变化下S物流公司融资行为研究

发布时间：2018-06-14 09:01

本文选题：物流公司 + 融资行为　；参考：《广西大学》2014年硕士论文

【摘要】：随着国民经济的快速发展,国内物流行业迎来高速发展的黄金期,在物流企业不断扩张的过程中,融资难成为物流企业面临的问题。在国内现有的融资环境下,中小物流企业面临着融资困难、融资成本高、融资风险大等问题,制约了我国物流行业的整体发展。对于物流企业而言,融资行为会受到外部融资环境的影响,如何根据不同的外部融资环境,选择最佳的融资方式,是中小物流企业需要研究和解决的问题。本文在对国内外有关资本结构研究的理论和研究文献进行了梳理的基础上,从理论角度对中小企业融资途径和问题、企业融资行为和外部融资环境的关系进行了研究和论述。在此基础上,研究物流公司融资行为,选取S公司为研究对象进行实证研究,对S公司在近年来高速发展的过程中,经历的几次比较大的融资活动进行了详细介绍,通过对S公司上述融资行为的背景、决策、实施和影响进行研究。结合理论研究和实证研究的结果,对国内物流企业募集资金现状、制约国内物流企业融资的关键因素、外部环境对国内中小物流企业募集资金的影响进行研究,指出国内中小物流企业存在融资难度大、成本高,直接融资途径有限等困难,其原因在于国内存在信贷体系不健全、金融市场不够完善、相关法规缺位、银行机构布局不合理等问题。通过对制约国内物流企业融资行为的问题进行研究,从两个方面提出了改善中小物流企业融资环境的建议,包括健全国内信贷体系、发展多层次的资本市场、健全法律法规体系等针对政府的建议,和规范财务制度、加强核心竞争力建设、重视企业信用等针对物流企业的建议,最后给出了在现有外部环境下国内中小物流企业的融资路径选择。
[Abstract]:With the rapid development of the national economy, the domestic logistics industry ushered in the golden period of rapid development. In the process of the continuous expansion of logistics enterprises, the difficulty of financing has become a problem faced by logistics enterprises. In the current domestic financing environment, the small and medium-sized logistics enterprises are faced with financing difficulties, high financing costs and large financing risks, which restrict the overall development of the logistics industry in China. For logistics enterprises, financing behavior will be affected by the external financing environment. How to choose the best financing method according to different external financing environment is the problem that small and medium-sized logistics enterprises need to study and solve. On the basis of combing the theories and literatures about capital structure research at home and abroad, this paper studies and discusses the financing ways and problems of SMEs, the relationship between financing behavior and external financing environment in small and medium-sized enterprises from the theoretical point of view. On this basis, this paper studies the financing behavior of logistics companies, selects S company as the research object for empirical research, and introduces in detail several relatively large financing activities experienced by S company in the process of rapid development in recent years. This paper studies the background, decision making, implementation and influence of S Company's above financing behavior. Based on the results of theoretical and empirical studies, this paper studies the current situation of domestic logistics enterprises' raising funds, the key factors restricting the domestic logistics enterprises' financing, and the influence of the external environment on the domestic small and medium-sized logistics enterprises' raising funds. It is pointed out that domestic small and medium-sized logistics enterprises have many difficulties such as high financing difficulty, high cost and limited direct financing ways. The reasons are that the domestic credit system is not perfect, the financial market is not perfect, and the relevant laws and regulations are absent. Unreasonable layout of banking institutions and other issues. Through the research of restricting the financing behavior of domestic logistics enterprises, this paper puts forward some suggestions on improving the financing environment of small and medium-sized logistics enterprises from two aspects, including perfecting the domestic credit system and developing multi-level capital market. Perfect the system of laws and regulations and other suggestions for the government, standardize the financial system, strengthen the construction of core competitiveness, attach importance to enterprise credit and other suggestions for logistics enterprises, Finally, the financing path choice of domestic small and medium-sized logistics enterprises under the existing external environment is given.
【学位授予单位】：广西大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F253.7;F259.23

【参考文献】