N公司企业债券信用风险控制研究

发布时间：2018-04-04 05:43

本文选题：信用风险　切入点：控制体系　出处：《天津商业大学》2017年硕士论文

【摘要】：最近几年,我国不断进行经济结构的调整,经济的增长速度放缓。在债券市场上,违约的事件正在一点一点增多,信用风险问题逐渐突出。N公司是内蒙古地区具备较强竞争力的重化工产业集团,包括煤炭、电力、冶金、化工、置业五大板块,但是随着行业、环保政策影响逐渐加深等形势的变化,N公司面临企业结构调整和产业升级等改革需求,企业的内外部环境正发生着深刻变化,生产运营管理变得不太稳定,信用风险也将引起关注,因而,研究企业信用风险控制体系的构建和应用具有很重大的现实意义。本文在依据国内外相关信用风险控制研究的理论基础上,从企业背景出发,详细介绍了企业的基本情况,经营状况,以及债券的具体细节,以分析N公司特点和归纳信用风险类型为切入点,首先从财务活动管理的角度出发,分别选取了盈利、偿债、营运、发展和财务结构五个层面的财务指标,又依据市场环境、内部环境信息两个非财务角度,建立了完整的信用风险预警体系,以N公司为研究对象进行具体应用;其次,从财务风险控制、提高战略决策能力、建立投资者保护机制、完善循环经济产业链四个方面建立控制制度;最后,根据制度执行情况和内外部环境的变化,对风险控制体系不断进行改进和完善,确保其控制效果。本文旨在对N公司企业债券的信用风险进行控制,促进企业健康持续地发展,进而为债券市场信用风险的控制提出一点思路和想法。
[Abstract]:In recent years, our country carries on the economic structure adjustment unceasingly, the economic growth speed slows down.In the bond market, the number of defaults is increasing bit by bit. The credit risk problem is gradually becoming prominent. Company N is a heavy chemical industry group with relatively strong competitiveness in Inner Mongolia, including five major sectors of coal, electricity, metallurgy, chemical industry, and home ownership.However, with the changes in the situation such as the deepening influence of environmental protection policies in the industry and other situations, the company is facing the reform needs such as restructuring of enterprises and upgrading of industries. The internal and external environment of enterprises is undergoing profound changes, and the production and operation management is becoming less stable.Therefore, it is of great practical significance to study the construction and application of enterprise credit risk control system.Based on the theory of credit risk control at home and abroad, this paper introduces in detail the basic situation of the enterprise, the management status and the specific details of the bond, starting from the background of the enterprise.Based on the analysis of the characteristics of N Company and the induction of credit risk types, this paper firstly selects the financial indicators of profit, debt service, operation, development and financial structure from the point of view of financial activity management, and then according to the market environment.From two non-financial angles of internal environmental information, a complete credit risk early warning system is established, which is applied to N company. Secondly, from financial risk control, improving strategic decision-making ability and establishing investor protection mechanism,Finally, according to the implementation of the system and changes in the internal and external environment, the risk control system is constantly improved and improved to ensure its control effect.The purpose of this paper is to control the credit risk of N company corporate bonds, to promote the healthy and sustainable development of enterprises, and then to put forward some ideas and ideas for the control of credit risk in bond market.
【学位授予单位】：天津商业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.7;F406.7;F832.51

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