高速公路上市公司财务风险评价与对策研究

发布时间：2018-01-12 11:26

本文关键词：高速公路上市公司财务风险评价与对策研究　出处：《长安大学》2014年硕士论文　论文类型：学位论文

【摘要】：随着国家基础设施建设的大力实施，我国的高速公路建设得到了快速的发展。由于高速公路行业的特殊性，其建设的过程中需要投入大量的资金，导致债务过重，财务风险不断加大。如果对高速公路上市公司的财务风险产生的影响因素缺乏深入的分析，对财务风险没有做出合理的评价和采取相应的措施，，将导致公司的财务风险管理不善，可能会引发财务危机，甚至破产。因此，在复杂的市场经济环境中，做好财务风险评价工作并及时采取相应的措施对高速公路上市公司的健康可持续发展具有很重要的意义。本文基于财务风险的相关理论，结合高速公路行业自身的特点，从内外部环境两方面，详细阐述了高速公路上市公司财务风险的主要影响因素；构建了高速公路上市公司财务风险评价指标体系，主要包括偿债能力、营运能力、盈利能力、发展能力和现金流量能力五个方面的财务指标。以2012年19家高速公路上市公司为例进行实证研究，选择了相关性比较强的17个财务指标，运用SPSS19.0软件进行因子分析，对19家高速公路上市公司的财务风险状况进行综合排名和评价，研究结果表明19家高速公路上市公司的财务风险普遍较高，应加强对财务风险的管理。最后根据高速公路公司上市公司财务风险影响因素和评价的结果，提出应对财务风险的措施，为完善我国高速公路上市公司财务风险管理提供启示和参考。
[Abstract]:With the implementation of national infrastructure construction, the expressway construction in China has been developing rapidly. Due to the particularity of expressway industry, a lot of funds need to be invested in the construction process. If there is a lack of in-depth analysis of the factors affecting the financial risk of the listed expressway companies, there is no reasonable evaluation of the financial risk and corresponding measures are taken. Will lead to poor financial risk management, may lead to financial crisis, or even bankruptcy. Therefore, in the complex market economy environment. It is of great significance for the health and sustainable development of expressway listed companies to do a good job of financial risk evaluation and take corresponding measures in time. Based on the theory of financial risk and combining with the characteristics of expressway industry, this paper elaborates the main influencing factors of financial risk of expressway listed company from two aspects: internal and external environment. The financial risk evaluation index system of listed expressway companies is constructed, which includes solvency, operating capacity and profitability. In 2012, 19 listed highway companies were taken as an example to study the financial indicators of development and cash flow ability, and 17 financial indicators with strong correlation were selected. The financial risk status of 19 listed expressway companies is ranked and evaluated by factor analysis with SPSS19.0 software. The results show that the financial risk of 19 listed expressway companies is generally high, and the management of financial risk should be strengthened. Finally, according to the financial risk factors and evaluation results of highway listed companies. The measures to deal with financial risk are put forward to provide enlightenment and reference for perfecting the financial risk management of listed expressway companies in China.
【学位授予单位】：长安大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F540.58

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