我国并购贷款业务运作模式及风险防范

发布时间：2017-12-31 02:41

本文关键词：我国并购贷款业务运作模式及风险防范　出处：《上海社会科学院》2014年硕士论文　论文类型：学位论文

【摘要】：伴随着中国企业的成长,市场竞争的加剧以及国内外市场的融合,近年来并购案例逐渐增多,兼并收购融资需求大、增长快。并购贷款作为一项新的贷款品种,成为了加速并购业务发展的重要推手。但是其推出以来五年有余,仍有许多企业难以获得此类贷款。这是因为并购贷款在风险性和复杂性上均高于传统意义上的贷款,发展尚不成熟。待并购贷款的运作模式及与之相关的风险控制更加完善时,其业务规模才能得以扩大,惠及更多企业,助推企业的整合发展和我国的产业结构优化。本文从商业银行信贷管理理论入手,结合我国目前并购市场现状和企业需求,采用理论与实证相结合、比较分析和归纳总结的方法深入剖析我国商业银行并购贷款业务的现状。对并购贷款的运作模式和风险管理作了梳理和归纳。在分析我国企业利用银行信贷进行并购融资案例,和国外成熟的并购贷款运作模式的基础上,提出了完善并购贷款运作模式的具体建议。本文的主要内容及观点如下。第一,对在信贷管理理论进行阐述的基础上梳理了并购贷款的基本概况,指出并购贷款业务需要实现价值的增值和模式的创新,以及进行有效的风险管理。而并购贷款不同于其他贷款的特殊之处使之受到严格政策制约,并经历了从探索到试行再到快速发展的历史进程。第二,在对并购贷款基本情况充分阐述的基础上研究并购贷款的运作模式和风险管理现状及问题。从流程化的角度归纳了贷前、贷中、贷后并购贷款的运作模式；从业务开展方式的角度,把运作模式归纳为独立发展客户、与产权交易所合作和银团贷款三种模式。结合我国并购贷款业务市场供求现状指出我国并购贷款运作模式问题在于银行对企业并购风险认识不足,进而讨论并购贷款风险控制。从并购贷款风险管理特点和难点入手,指出我国并购贷款风险控制一般措施是从审查、合同、担保、提款条件和贷后管理着手的。结合企业贷后绩效相关案例,分析贷后产生风险的多种原因。第三,归纳美国、日本并购贷款运作模式,结合前文多种问题和原因的分析,从宏微观层面提出了包括完善监管、创新运作模式、积极推广并购贷款的相关措施。
[Abstract]:With the growth of Chinese enterprises, the aggravation of market competition and the amalgamation of domestic and foreign markets, the cases of M & A have gradually increased in recent years, and the demand for financing of M & A is large and the growth is fast. M & A loan is a new loan variety. Has become an important driving force to accelerate the development of mergers and acquisitions, but it has been more than five years since its introduction. There are still many companies that have difficulty getting such loans because M & A loans are riskier and more complex than traditional loans. When the operation mode of M & A loan and the related risk control are more perfect, its business scale can be expanded and more enterprises will benefit. Promote the integration and development of enterprises and optimize the industrial structure of our country. This paper starts with the credit management theory of commercial banks, combines the current situation of M & A market and enterprise demand in our country, and combines theory with demonstration. The present situation of M & A loan business of commercial banks in China is deeply analyzed. The operation mode and risk management of M & A loan are summarized and summarized. M & A financing cases. On the basis of the mature operation mode of M & A loan abroad, the paper puts forward some concrete suggestions on how to perfect the operation mode of M & A loan. The main contents and viewpoints of this paper are as follows. First, on the basis of the theory of credit management, combing the basic situation of M & A loans, it points out that M & A loans need to realize the value of value-added and innovation of the model. And effective risk management. And M & A loan is different from other loans, which is subject to strict policy constraints, and experienced from exploration to trial to rapid development of the historical process. Second. On the basis of fully expounding the basic situation of M & A loan, this paper studies the operation mode and risk management of M & A loan, and sums up the operation mode of M & A loan before, during and after loan from the point of view of flow. From the point of view of the way of business development, the operation model is summed up as independent development of customers. In combination with the supply and demand situation of the M & A loan market in China, it is pointed out that the problem of the operation mode of M & A loan in China lies in the lack of understanding of the risks of M & A among the banks. From the characteristics and difficulties of M & A loan risk management, the author points out that the general measures of M & A loan risk control in China are from review, contract and guarantee. Combined with the relevant cases of enterprise post-loan performance, this paper analyzes the various reasons for the risk after lending. Thirdly, it induces the operation mode of M & A loan in the United States and Japan. Based on the analysis of various problems and reasons mentioned above, this paper puts forward some relevant measures including perfecting supervision, innovating operation mode and actively popularizing M & A loan from macro and micro level.
【学位授予单位】：上海社会科学院
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F271;F832.4

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