【摘要】：資本結(jié)構(gòu)決策是企業(yè)財(cái)務(wù)管理的核心問(wèn)題之一,其探究的是公司資金的獲取渠道與其所占權(quán)重。資本結(jié)構(gòu)的優(yōu)化及改進(jìn)與企業(yè)價(jià)值高度相關(guān)聯(lián),完善資本結(jié)構(gòu),促進(jìn)提升企業(yè)價(jià)值與效益,向來(lái)是資本結(jié)構(gòu)領(lǐng)域備受關(guān)注的研究論題。本文對(duì)XZ建設(shè)集團(tuán)第二工程公司的資本結(jié)構(gòu)優(yōu)化問(wèn)題進(jìn)行了較為詳盡的研究。建筑業(yè)在我國(guó)已經(jīng)進(jìn)入了一個(gè)機(jī)遇和挑戰(zhàn)并存的發(fā)展期。對(duì)建筑業(yè)上市公司的資本結(jié)構(gòu)進(jìn)行研究尤為重要,這樣不僅有利于對(duì)其融資行為進(jìn)行規(guī)范,還有利于提高該行業(yè)的核心競(jìng)爭(zhēng)力,進(jìn)而也可以提高我國(guó)建筑業(yè)上市公司承擔(dān)風(fēng)險(xiǎn)的內(nèi)在能力。本文致力于通過(guò)對(duì)研究現(xiàn)狀的把握,深入分析問(wèn)題,進(jìn)而通過(guò)借鑒國(guó)內(nèi)外成功經(jīng)驗(yàn),有針對(duì)性地提出科學(xué)的、符合XZ建設(shè)集團(tuán)第二工程公司資本結(jié)構(gòu)優(yōu)化的有效對(duì)策。論文首先界定了資本結(jié)構(gòu)的內(nèi)涵,進(jìn)而以企業(yè)價(jià)值最大化為終極目標(biāo)導(dǎo)引,在當(dāng)前普遍存在的大股東和內(nèi)部人控制以及企業(yè)的融資決策目標(biāo)發(fā)生偏離的背景下,詮釋理想的資本結(jié)構(gòu)優(yōu)化結(jié)果應(yīng)符合的特征。論文選取XZ建筑集團(tuán)第二工程公司資本結(jié)構(gòu)問(wèn)題進(jìn)行探究,在對(duì)XZ建筑集團(tuán)第二工程公司的資本結(jié)構(gòu)現(xiàn)狀及問(wèn)題進(jìn)行詳細(xì)介紹和剖析的基礎(chǔ)上,從公司規(guī)模、資本結(jié)構(gòu)、營(yíng)業(yè)收入的增長(zhǎng)率和穩(wěn)定性、所有者及經(jīng)營(yíng)者所持態(tài)度、財(cái)務(wù)狀況和信用等級(jí)等層面系統(tǒng)分析資本結(jié)構(gòu)的影響因素,進(jìn)而設(shè)計(jì)出XZ建筑集團(tuán)第二工程公司資本結(jié)構(gòu)的優(yōu)化措施與路徑。
[Abstract]:The capital structure decision is one of the core problems in the financial management of enterprises. The optimization and improvement of capital structure is closely related to the value of enterprise. Perfecting the capital structure and promoting the value and benefit of enterprise has always been a subject of great concern in the field of capital structure. In this paper, the capital structure optimization of the second Engineering Company of XZ Construction Group is studied in detail. Construction industry in our country has entered an opportunity and challenge co-development period. It is particularly important to study the capital structure of listed companies in the construction industry, which is not only conducive to standardizing their financing behavior, but also conducive to improving the core competitiveness of the industry. Furthermore, it can also improve the inherent ability of listed companies in construction industry to take risks. This paper is devoted to analyzing the problems deeply through grasping the present research situation, and then, by drawing lessons from the successful experience at home and abroad, puts forward some effective countermeasures to optimize the capital structure of the second Engineering Company in accordance with XZ Construction Group. Firstly, the paper defines the connotation of capital structure, and then takes the maximization of enterprise value as the ultimate goal guide, under the background of the prevailing large shareholder and insider control and the deviation of enterprise financing decision goal. Interprets the ideal capital structure optimization result should accord with the characteristic. On the basis of introducing and analyzing the present situation and problems of the second engineering company of XZ construction group in detail, the paper selects the capital structure of the second engineering company of the XZ construction group to carry on the research, from the company scale, the capital structure. The growth rate and stability of operating income, the attitude of owners and operators, the financial situation and credit rating are systematically analyzed to analyze the influencing factors of capital structure, Furthermore, the optimization measures and paths of the capital structure of the second Engineering Company of XZ Architectural Group are designed.
【學(xué)位授予單位】：沈陽(yáng)理工大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類(lèi)號(hào)】：F426.92;F406.7

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 伍中信;張婭;張?chǎng)?;信貸政策與企業(yè)資本結(jié)構(gòu)——來(lái)自中國(guó)上市公司的經(jīng)驗(yàn)證據(jù)[J];會(huì)計(jì)研究;2013年03期

2 陳德萍;曾智海;;資本結(jié)構(gòu)與企業(yè)績(jī)效的互動(dòng)關(guān)系研究——基于創(chuàng)業(yè)板上市公司的實(shí)證檢驗(yàn)[J];會(huì)計(jì)研究;2012年08期

3 蘇冬蔚;曾海艦;;宏觀(guān)經(jīng)濟(jì)因素與公司資本結(jié)構(gòu)變動(dòng)[J];經(jīng)濟(jì)研究;2009年12期

4 王志強(qiáng);洪藝s，

本文編號(hào)：2234393