北生药业股份有限公司短贷长投财务异化行为治理研究
发布时间：2018-10-05 12:07
【摘要】：随着我国中小企业的快速发展,发展过程背后隐藏的问题也日益暴露出来。目前,大部分中小企业存在短期贷款缺口大,中长期贷款成功率低,内源性资金严重不足,资本结构不合理,融资成本高等问题,导致短贷长投财务操作模式的兴起,在目前偏紧的宏观政策下,让表面光鲜的上市公司存在的问题也无处可逃,短贷长投带来的财务异化行为暴露无遗。企业财务异化,企业倒闭,老板失踪等一系列现象层出不穷,基于这一背景,以北生药业股份有限公司为研究对象,研究治理短贷长投财务异化行为。 在对企业短贷长投、财务异化行为等相关概念进行界定的基础上,分别从经济学、管理学及行为财务学的角度阐述了企业短贷长投财务异化行为研究的理论基础,指出对北生药业股份有限公司短贷长投财务异化行为治理研究的理论依据,使得北生药业短贷长投财务异化行为案例分析具有说服力。在奠定了理论基础后,从北生药业股份有限公司基本情况入手,进行定量与定性结合分析,分析为什么大部分民营企业普遍存在短贷长投现象,并找出引发北生药业股份有限公司短贷长投财务异化行为的原因。接着从宏观经济环境、商业银行和公司自身三个方面剖析北生药业股份有限公司短贷长投财务异化行为影响因素。在理论与案例分析相结合的基础上,针对北生药业短贷长投财务异化行为影响因素,通过外部融资环境的完善、商业银行信贷管理机制的优化和公司治理效率的提高三个方面提出解决北生药业股份有限公司短贷长投财务异化行为问题的基本思路。 本研究对北生药业股份有限公司短贷长投财务异化行为进行了深入系统的研究。通过北生药业这一公司的具体分析研究,进而推动我国中小企业短贷长投财务异化行为深入研究,逐步完善我国企业公司治理体系以及筹融资体系。
[Abstract]:With the rapid development of small and medium-sized enterprises in China, the hidden problems behind the development process are increasingly exposed. At present, most small and medium-sized enterprises have some problems, such as large short term loan gap, low success rate of medium and long term loans, serious shortage of endogenous funds, unreasonable capital structure and high financing cost, which lead to the rise of financial operation mode of short loan and long term investment. Under the current tight macro policy, there is nowhere to escape the problems of the superficial listed companies, and the financial alienation caused by the short loan and long investment is exposed. A series of phenomena, such as enterprise financial alienation, enterprise closing down, boss missing and so on, emerge in endlessly. Based on this background, Beisheng Pharmaceutical Co., Ltd. is the research object to study the governance of financial alienation behavior of short loan and long investment. On the basis of defining the related concepts such as short loan long investment, financial alienation behavior and so on, this paper expounds the theoretical basis of financial alienation behavior of short loan long investment from the angles of economics, management and behavioral finance. It is pointed out that the theoretical basis for the study on the governance of financial alienation behavior of short loan long cast in Beisheng Pharmaceutical Co., Ltd. makes the case analysis of short loan long cast financial alienation in Beisheng Pharmaceutical Industry persuasive. After laying the theoretical foundation, starting with the basic situation of Beisheng Pharmaceutical Co., Ltd., this paper analyzes the combination of quantitative and qualitative analysis, and analyzes why most private enterprises generally have the phenomenon of short loan and long investment. And find out the cause of financial alienation behavior of Beisheng Pharmaceutical Co., Ltd. Then from the macro economic environment, commercial banks and the company itself analysis of the Beisheng Pharmaceutical Co., Ltd. short loan long investment financial alienation behavior factors. On the basis of the combination of theory and case analysis, aiming at the influence factors of financial alienation behavior of short loan and long term investment in Beisheng Pharmaceutical Industry, through the perfection of external financing environment, The optimization of credit management mechanism and the improvement of corporate governance efficiency of commercial banks put forward the basic ideas to solve the problem of financial alienation of short loan and long investment in Beisheng Pharmaceutical Co., Ltd. In this study, the financial dissimilation behavior of short loan and long investment in Beisheng Pharmaceutical Co., Ltd was studied systematically and deeply. Through the specific analysis and research of Beisheng Pharmaceutical Company, the financial alienation behavior of short loan and long investment in small and medium-sized enterprises of our country is further studied, and the corporate governance system and financing system of our country are gradually perfected.
【学位授予单位】：哈尔滨商业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F426.82;F406.7
本文编号：2253320
[Abstract]:With the rapid development of small and medium-sized enterprises in China, the hidden problems behind the development process are increasingly exposed. At present, most small and medium-sized enterprises have some problems, such as large short term loan gap, low success rate of medium and long term loans, serious shortage of endogenous funds, unreasonable capital structure and high financing cost, which lead to the rise of financial operation mode of short loan and long term investment. Under the current tight macro policy, there is nowhere to escape the problems of the superficial listed companies, and the financial alienation caused by the short loan and long investment is exposed. A series of phenomena, such as enterprise financial alienation, enterprise closing down, boss missing and so on, emerge in endlessly. Based on this background, Beisheng Pharmaceutical Co., Ltd. is the research object to study the governance of financial alienation behavior of short loan and long investment. On the basis of defining the related concepts such as short loan long investment, financial alienation behavior and so on, this paper expounds the theoretical basis of financial alienation behavior of short loan long investment from the angles of economics, management and behavioral finance. It is pointed out that the theoretical basis for the study on the governance of financial alienation behavior of short loan long cast in Beisheng Pharmaceutical Co., Ltd. makes the case analysis of short loan long cast financial alienation in Beisheng Pharmaceutical Industry persuasive. After laying the theoretical foundation, starting with the basic situation of Beisheng Pharmaceutical Co., Ltd., this paper analyzes the combination of quantitative and qualitative analysis, and analyzes why most private enterprises generally have the phenomenon of short loan and long investment. And find out the cause of financial alienation behavior of Beisheng Pharmaceutical Co., Ltd. Then from the macro economic environment, commercial banks and the company itself analysis of the Beisheng Pharmaceutical Co., Ltd. short loan long investment financial alienation behavior factors. On the basis of the combination of theory and case analysis, aiming at the influence factors of financial alienation behavior of short loan and long term investment in Beisheng Pharmaceutical Industry, through the perfection of external financing environment, The optimization of credit management mechanism and the improvement of corporate governance efficiency of commercial banks put forward the basic ideas to solve the problem of financial alienation of short loan and long investment in Beisheng Pharmaceutical Co., Ltd. In this study, the financial dissimilation behavior of short loan and long investment in Beisheng Pharmaceutical Co., Ltd was studied systematically and deeply. Through the specific analysis and research of Beisheng Pharmaceutical Company, the financial alienation behavior of short loan and long investment in small and medium-sized enterprises of our country is further studied, and the corporate governance system and financing system of our country are gradually perfected.
【学位授予单位】：哈尔滨商业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F426.82;F406.7
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