基于Z-Score模型的通信运营商财务风险管理研究

发布时间：2018-03-19 05:10

本文选题：通信运营商　切入点：Z-Score模型　出处：《南京邮电大学》2012年硕士论文　论文类型：学位论文

【摘要】：2008年我国电信业重组以来,由于产业融合的冲击、3G等全业务的市场竞争格局的形成,通信企业已步入规模运营黄金时代。从公司理财角度思考,通信运营商如何应对面临的财务风险进行有效的控制管理,并有针对性分析有关财务信息指标,进行合理地预警防范,使公司财务处于安全、最优化状态,是当前我国电信业界关注焦点并着力解决的重要课题。本文在研究国内外关于风险管理的研究成果及经典案例的基础上,运用信息经济与统计科学基础理论,对通信行业财务风险进行了描述性界定,并且结合我国通信运营商的实际理财情况,研究运营过程中可能面临的财务风险,提出了适合我国通信运营商财务风险管理控制方法的新思路。通过研究与对比,确定以Z-Score模型作为财务风险控制方法的较优选择。同时,运用该模型以中国移动和中国联通为典型案例,结合近几年实际有关财务数据进行剖析,验证Z-Score模型对于我国通信运营商的财务风险控制,具有一定的实用价值。最后,针对构建我国通信运营商的风险管理体系,提出了若干独立见解。本文的研究与分析,旨在为我国通信运营商在财务风险控制框架构建与应用上,提供一些咨询性的建议。特别是,针对公司管理层面对越来越复杂的财务风险识别与控制,具有一定的参考价值。
[Abstract]:Since the reorganization of telecommunications industry in China in 2008, due to the impact of industrial convergence and the formation of market competition pattern of 3G and other full-service, the communication enterprises have entered the golden age of large-scale operation. How to effectively control and manage the financial risks faced by the communication operators, and analyze the relevant financial information indexes, carry out reasonable early warning and prevention, and make the company financial affairs in a safe and optimal state, It is an important topic that our country telecommunication industry pays close attention to and tries to solve. Based on the research results and classic cases of risk management at home and abroad, this paper uses the basic theory of information economy and statistical science to define the financial risk of communication industry. Combined with the actual financial management situation of the communication operators in China, this paper studies the financial risks that may be faced in the course of operation, and puts forward a new idea suitable for the financial risk management and control methods of the communication operators in China. At the same time, taking China Mobile and China Unicom as the typical cases, combining with the actual financial data in recent years to analyze, The Z-Score model has some practical value for the financial risk control of Chinese telecom operators. Finally, some independent opinions are put forward to construct the risk management system of Chinese telecom operators. The purpose of this paper is to provide some consulting suggestions for the construction and application of financial risk control framework in China's telecom operators, especially for the management of companies facing more and more complex financial risk identification and control. It has certain reference value.
【学位授予单位】：南京邮电大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F626.115

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