發(fā)布時間：2018-02-28 03:26

  本文關(guān)鍵詞： 株洲市A開發(fā)投資公司 融資風(fēng)險 層次分析法 活化資本　出處：《湖南工業(yè)大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：2008年爆發(fā)的世界金融危機,給中國乃至整個世界經(jīng)濟發(fā)展都造成了較大的負面影響。為了保證國內(nèi)經(jīng)濟的正常發(fā)展,滿足地方政府的發(fā)展和基礎(chǔ)建設(shè)投資的需要,地方政府憑借自身資信搭建了各類開發(fā)投資公司,株洲市A開發(fā)投資公司正是這一背景下的產(chǎn)物。該公司自成立以來,作了許多大膽的探索和嘗試,取得了長足的發(fā)展,但近年來隨著政府產(chǎn)業(yè)政策和企業(yè)內(nèi)外環(huán)境的變化,企業(yè)面臨的融資風(fēng)險越來越大,稍有不慎,就會嚴(yán)重影響企業(yè)和地方經(jīng)濟的發(fā)展。文章以現(xiàn)代企業(yè)管理理論和風(fēng)險管理理論為基礎(chǔ),以株洲市A開發(fā)投資公司融資風(fēng)險為研究對象,在系統(tǒng)梳理國內(nèi)外現(xiàn)有研究成果的基礎(chǔ)上,對企業(yè)融資的概念、影響因素與風(fēng)險識別以及企業(yè)融資風(fēng)險管理的理論基礎(chǔ)進行了簡單概述。通過對株洲市A開發(fā)投資公司目前情況的調(diào)查,發(fā)現(xiàn)該公司融資面臨的主要風(fēng)險是管理機制不健全,承險能力日趨脆弱,貸款風(fēng)險日益加大,債務(wù)風(fēng)險逐年攀升,貸款規(guī)模不斷受限。主要原因是公司信用度不高、政府管控不力、債務(wù)監(jiān)管不嚴(yán)。運用層次分析法和運籌學(xué)理論,構(gòu)建了比較科學(xué)的風(fēng)險評價指標(biāo)體系,確定了一級指標(biāo)、二級指標(biāo)和三級指標(biāo)的權(quán)重和計算方法,并以此為依據(jù),對整個公司的融資風(fēng)險進行評價。提出化解株洲市A開發(fā)投資公司融資風(fēng)險需要建立現(xiàn)代企業(yè)制度,加強償債管理;嚴(yán)格監(jiān)督平臺公司運營行為,出臺相關(guān)制度規(guī)章;加強臺賬審查,加強對募集資金使用的跟蹤監(jiān)管;創(chuàng)新融資模式,全面活化資本,確保資金發(fā)揮最大效益。
[Abstract]:In 2008, the world financial crisis broke out, which had a great negative impact on the economic development of China and the whole world. In order to ensure the normal development of domestic economy and meet the needs of local governments' development and infrastructure investment, Local governments have built various development and investment companies with their own credit standing. Zhuzhou A Development and Investment Company is the product of this background. Since its establishment, the company has made many bold explorations and attempts, and has made considerable progress. However, in recent years, with the changes in government industrial policies and the internal and external environment of enterprises, the financing risks faced by enterprises are becoming more and more large, and a little careless. It will seriously affect the development of enterprises and local economy. Based on modern enterprise management theory and risk management theory, this paper takes the financing risk of Zhuzhou A development investment company as the research object. On the basis of systematically combing the existing research results at home and abroad, the concept of enterprise financing is introduced. The influencing factors and risk identification as well as the theoretical basis of enterprise financing risk management are briefly summarized. Through the investigation of the current situation of Zhuzhou A Development and Investment Company, it is found that the main risk that the company faces in financing is the imperfect management mechanism. The risk bearing ability is becoming more and more fragile, the loan risk is increasing day by day, the debt risk is rising year by year, the loan scale is restricted constantly. The main reason is that the credit degree of the company is not high, the government control is weak, the debt supervision is not strict, and the analytic hierarchy process (AHP) and the theory of operational research are used. A more scientific index system of risk evaluation is constructed, and the weights and calculation methods of the first class index, the second class index and the third grade index are determined. To evaluate the financing risk of the whole company, it is proposed that to resolve the financing risk of Zhuzhou A development investment company, we need to establish modern enterprise system, strengthen debt service management, strictly supervise the operating behavior of the platform company, and issue relevant system rules and regulations. Strengthen the audit of the accounts, strengthen the tracking and supervision of the use of the raised funds, innovate the financing mode, fully activate capital, and ensure the maximum benefit of the funds.
【學(xué)位授予單位】：湖南工業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F832.39;F830.42

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