本文關(guān)鍵詞： 中小企業(yè)融資 融資決策 層次分析法 私募股權(quán)融資　出處：《西南交通大學》2017年碩士論文　論文類型：學位論文

【摘要】：我國的中小企業(yè)具有經(jīng)營方法靈活的特征,這個特征使他們可以快速順應(yīng)復(fù)雜多變的市場競爭且在競爭中占據(jù)一定優(yōu)勢,同時,中小企業(yè)的成長也極大地促進了我國國民經(jīng)濟的發(fā)展,在市場經(jīng)濟中充滿活力與朝氣。中小企業(yè)能夠幫助就業(yè)的擴大、加快技術(shù)創(chuàng)新以及推動經(jīng)濟穩(wěn)定增長等。然而,由于受到宏觀市場成長環(huán)境、國家政策限制、企業(yè)自身素質(zhì)有待提高等多種因素的限制,我國的中小企業(yè)在前進的道路上面對著經(jīng)營缺少資本、融資不易的問題,這將直接影響到中小企業(yè)對核心技術(shù)的創(chuàng)新研發(fā)、研發(fā)成果的轉(zhuǎn)化和產(chǎn)業(yè)優(yōu)化等各個環(huán)節(jié),極大的束縛了我國中小企業(yè)快速成長的腳步,也拖慢了我國經(jīng)濟的發(fā)展節(jié)奏。A企業(yè)是一家化工企業(yè),主要從事化工商品的生產(chǎn)與銷售,主營產(chǎn)品是硝基復(fù)合肥和三聚氰胺,其生產(chǎn)過程的中間產(chǎn)品如尿素,硝酸銨等也是本公司的主營產(chǎn)品。本文通過分析A化工企業(yè)的經(jīng)營情況、融資現(xiàn)狀和融資現(xiàn)有問題,結(jié)合可供A化工企業(yè)采用的融資方式,分析和探討A化工企業(yè)的融資策略,希望為A化工企業(yè)制定出適合A公司戰(zhàn)略發(fā)展的融資策略,實現(xiàn)拓寬融資渠道,減少融資成本,合理資本結(jié)構(gòu),推動A化工企業(yè)進一步發(fā)展壯大的目標。本文通過文獻研究法分析我國中小企業(yè)融資的現(xiàn)實情況和造成目前中小企業(yè)融資較難的主要原因。然后通過案例分析法和訪談法結(jié)合分析A化工企業(yè)的經(jīng)營情況和融資現(xiàn)狀,探討A化工企業(yè)能夠選擇的融資方式。再根據(jù)影響A化工企業(yè)融資決策的因素構(gòu)建AHP層次分析模型,選擇出最適合A化工企業(yè)的融資方式。通過以上研究本文得出了解決A公司融資難問題的有效途徑之一——私募股權(quán)融資。通過這個融資方案不僅能滿足A化工企業(yè)的資金缺口,還能實現(xiàn)拓寬融資渠道,減少融資成本,合理資本結(jié)構(gòu),推動A化工企業(yè)進一步發(fā)展壯大的目標。本文的創(chuàng)新點在對A化工企業(yè)融資決策的選擇中大膽運用層次分析法,使得決策過程更加直觀,也能夠為企業(yè)的融資決策提供一個新的量化選擇。
[Abstract]:The small and medium-sized enterprises of our country have the characteristic of flexible management method, this characteristic enables them to adapt to the complex and changeable market competition and occupy a certain advantage in the competition, at the same time. The growth of small and medium-sized enterprises has greatly promoted the development of the national economy in China, full of vitality and vitality in the market economy. Small and medium-sized enterprises can help the expansion of employment. However, due to the macro-market growth environment, national policy constraints, the quality of enterprises need to be improved and other factors. The small and medium-sized enterprises in our country are facing the problem of the lack of capital and the difficulty of financing on the way forward, which will directly affect the innovation and development of the core technology of the small and medium-sized enterprises. The transformation of research and development results and industrial optimization and other links, greatly constraining the pace of rapid growth of small and medium-sized enterprises in China, but also slowed down the pace of economic development of our country. A enterprise is a chemical enterprise. Mainly engaged in the production and marketing of chemical commodities, the main products are nitro compound fertilizer and melamine, its production process of intermediate products such as urea. Ammonium nitrate is also the main product of the company. This paper analyzes the operating situation of A chemical enterprise, the current financing situation and the existing problems of financing, combined with the financing methods available for A chemical enterprise. This paper analyzes and discusses the financing strategy of A chemical enterprise, hoping to make a financing strategy suitable for A chemical company's strategic development, to widen the financing channel, to reduce the financing cost and to make the capital structure reasonable. This paper analyzes the current situation of financing of small and medium-sized enterprises in China and the main reasons for the difficulty of financing of small and medium-sized enterprises through literature research. And interview method combined with the analysis of A chemical enterprise management and financing status. This paper discusses the financing mode that A chemical enterprise can choose, and then constructs the AHP Analytic hierarchy process (AHP) model according to the factors that influence the financing decision of A chemical enterprise. Choose the most suitable financing method for A chemical industry. Through the above research, we get one of the effective ways to solve the financing problem of A company-private equity financing. This financing scheme can not only meet the A chemical industry. Corporate funding gap. It can also widen the financing channels, reduce the financing cost and reasonable capital structure. The innovation of this paper is to use AHP in the choice of financing decision of A chemical industry, which makes the decision-making process more intuitive. It can also provide a new quantitative choice for the financing decision of enterprises.
【學位授予單位】：西南交通大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F426.7;F406.7

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