核电行业上市公司银行信贷影响因素实证研究

发布时间：2018-01-03 20:09

本文关键词：核电行业上市公司银行信贷影响因素实证研究　出处：《南华大学》2014年硕士论文　论文类型：学位论文

【摘要】：核电作为的一种绿色能源，在我国全面建设资源节约型和环境友好型社会中发挥重要的作用。但融资这一难题困扰着我国大量的核电行业上市公司，成为其快速健康发展的瓶颈。相较于其它融资渠道，银行贷款仍是大多数核电行业上市企业的首选方式。在众多贷款形式中，信用贷款无需提供抵押品或第三方担保，因而比其他形式贷款具有更高的风险，是商业银行经营风险的重要组成部分。本文在商业银行信用贷款影响因素的国内外研究现状的基础上，通过对信贷配给理论、关系型贷款理论、委托代理理论和信息不对称理论等信用贷款决策理论进行深入研究，并结合目前我国核电行业上市公司的经营和融资现状，从理论层面研究核电行业上市公司商业银行信用贷款可得性以及额度的影响因素。在实证研究部分，本文以我国沪深两市A股市场中所有核电行业上市公司的信用贷款增量为研究对象，从盈利能力、股东获利能力、现金流量能力、营运能力、发展能力、偿债能力、其它财务指标、重要非财务指标等七个方面的指标作为解释变量，，运用独立样本T检验、逐步回归模型、信用贷款的区域分析等方法对信用贷款进行分析。研究结果表明，能够得到长期贷款的样本数量小于得到短期贷款的样本数量，表明银行对于发放长期贷款较短期贷款更为谨慎；在短期贷款决策中，短期偿债能力起到决定性的作用；而在长期贷款中，长期偿债能力、盈利能力、营运能力、发展能力均是银行考虑的因素；金融生态环境较好的地区决策更加关注企业的营运能力、偿债能力和股东获利能力，说明地区金融生态环境差异确实影响信贷人员的决策行为。为加强信贷风险的防范，商业银行自身应当加强对财务报表的分析、实现信贷投放差异化、培育新型信贷文化并加大对非国有控股企业信贷支持。同时对核电行业上市公司而言，本文提出培育和提升企业核心竞争力、加快建立现代企业管理制度、拓宽各种融资渠道等建议改善融资现状。最后，本文结尾指出研究在样本选取的完整性、指标数据的可靠性及局限性方面的不足，为后人进一步完善提供参考。
[Abstract]:As a kind of green energy nuclear power construction, fully play an important role in resource conservation and environment friendly society in our country. But the financing problem of large amount of China's nuclear power industry listed companies, become the bottleneck of rapid and healthy development. Compared with other financing channels, bank loans are still the most preferred way of listing the nuclear power industry in many enterprises. In the form of loans, credit loans without collateral or guarantees to third parties, so than other forms of loans with higher risk, is an important part of the operation risk of commercial banks.
Based on the domestic and foreign research status factors of commercial bank credit loan effect, based on the credit rationing theory, relationship lending theory, principal-agent theory and information asymmetry theory, credit decision theory in-depth study, combined with the current situation of the nuclear power industry management and financing of Listed Companies in China, from the theoretical level of nuclear power listed companies of commercial banks credit availability and the amount of influence factors. In the part of empirical research, based on China's two stock markets of Shanghai and Shenzhen A stock market in all nuclear power industries listed company credit increment as the research object, from the profitability, shareholder profitability, cash flow ability, operation ability, development ability, solvency ability, other financial indicators, seven important non-financial indicators and other indicators as explanatory variables, using independent samples T test, stepwise regression model, the letter The credit is analyzed by regional analysis method. The results show that the loan amount, the number of samples samples can get long-term loans than short-term loans, long-term loans that banks for short-term loans are more cautious; in the short term loan decision, short-term solvency plays a decisive role in the long-term loans; in the long-term solvency, profitability, operation ability, development ability were the factors considered bank; financial ecological environment in areas with better decision to pay more attention to the operating capacity, solvency and profit ability of shareholders, indicated that the regional financial ecological environment difference does affect the decision-making behavior of credit personnel. To strengthen the credit risk prevention, business the banks shall strengthen the analysis of financial statements, to achieve credit difference, cultivate new credit culture and increase the non state control Shares of enterprise credit support. At the same time, the nuclear power industry listed companies, this paper put forward to cultivate and enhance the core competitiveness of enterprises, accelerate the establishment of modern enterprise management system, broaden the financing channels of various suggestions to improve the financing situation. Finally, this paper pointed out at the end of Study on the integrity of sample selection, lack of data reliability and limitations, provide reference for future improvement.

【学位授予单位】：南华大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.4;F426.23;F426.61

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