本文關(guān)鍵詞：我國(guó)證券公司盈利能力提升問題研究　出處：《西南政法大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 證券公司 盈利能力 提升

【摘要】：證券市場(chǎng)是現(xiàn)代金融市場(chǎng)中的不可或缺的部分，在國(guó)民經(jīng)濟(jì)的發(fā)展中的作用一直不斷的提升。而證券公司則是證券市場(chǎng)中一個(gè)非常重要的中介機(jī)構(gòu)，它既是證券市場(chǎng)的參與者也是證券市場(chǎng)的組織者，是影響資源配置的一個(gè)主導(dǎo)力量。證券公司盈利能力的提升既有利于證券公司自身的發(fā)展壯大，在國(guó)際市場(chǎng)中能與國(guó)外成熟證券公司相抗衡，同時(shí)對(duì)我國(guó)整個(gè)證券業(yè)和證券市場(chǎng)的發(fā)展都有極其重要的影響。 從我國(guó)證券公司的誕生以來，都是主要依靠經(jīng)紀(jì)業(yè)務(wù)來進(jìn)行盈利，利潤(rùn)來源于二級(jí)市場(chǎng)的經(jīng)紀(jì)業(yè)務(wù)和自營(yíng)業(yè)務(wù)，其中經(jīng)紀(jì)業(yè)務(wù)占比最大，一般都在50%以上。這就造成了證券公司的盈利水平與證券市場(chǎng)的行情有著高度的相關(guān)性，在2002-2005年間我國(guó)出現(xiàn)了全行業(yè)虧損的情況，隨著2006年行情的好轉(zhuǎn)、牛市的到來，才逐步緩解了這一狀況，開始盈利，但是與美國(guó)成熟的投資銀行相比，我國(guó)證券公司的盈利水平仍然較低，還有很大的提升空間。 從我國(guó)第一家證券公司的成立到現(xiàn)在只有三十年的時(shí)間，我國(guó)證券業(yè)已處在產(chǎn)業(yè)發(fā)展的成長(zhǎng)階段，但是我國(guó)證券公司目前的盈利狀況并不理想，這與市場(chǎng)政策和市場(chǎng)環(huán)境的變化是密不可分的，但是最主要的原因則在于我國(guó)證券公司自身的經(jīng)營(yíng)模式和抵御市場(chǎng)風(fēng)險(xiǎn)的能力。本文將在對(duì)美國(guó)投資銀行與我國(guó)證券公司盈利模式、業(yè)務(wù)范圍、收入結(jié)構(gòu)及盈利能力對(duì)比的研究基礎(chǔ)上，找出影響我國(guó)證券公司盈利水平的主要影響因素，進(jìn)行理論及實(shí)證分析。在分析結(jié)果的基礎(chǔ)上，對(duì)我國(guó)證券公司提出對(duì)策建議，，使得證券公司能夠在擴(kuò)展市場(chǎng)空間，提高核心競(jìng)爭(zhēng)力，提升其盈利能力的穩(wěn)定性方面做出改進(jìn)。
[Abstract]:The securities market is an indispensable part of the modern financial market, and the role in the development of the national economy has been continuously improved. And the securities company is a very important intermediary in the securities market. It is not only the participant of the securities market but also the organizer of the securities market and a leading force influencing the allocation of resources. The promotion of the profitability of the securities companies is beneficial to the development and growth of the securities companies themselves. In the international market, it can compete with foreign mature securities companies, and at the same time, it has an extremely important influence on the development of the whole securities industry and securities market in our country. Since the birth of the securities companies in our country, they have mainly relied on the brokerage business to make profits. The profit comes from the brokerage business and the proprietary business in the secondary market, in which the brokerage business accounts for the largest proportion. Generally more than 50%. This caused a high degree of correlation between the profit level of securities companies and the stock market, in 2002-2005, there was a loss of the whole industry in China. With the improvement of the market in 2006 and the arrival of the bull market, this situation was gradually alleviated and began to profit. However, compared with the mature investment banks in the United States, the profit level of China's securities companies is still relatively low. There is still a lot of room for improvement. Since the establishment of the first securities company in China only 30 years ago, the securities industry has been in the growth stage, but the current profit situation of the securities companies in China is not ideal. This is inextricably linked to market policy and changes in the market environment. However, the main reason lies in the operating mode of our securities companies and the ability to resist market risks. This paper will focus on the profit model and business scope of American investment banks and Chinese securities companies. On the basis of the comparative study of income structure and profitability, this paper finds out the main factors that affect the profit level of securities companies in China, and makes theoretical and empirical analysis. On the basis of the results of the analysis. This paper puts forward some countermeasures and suggestions to the securities companies in China so that they can improve the market space, improve the core competitiveness and improve the stability of their profitability.
【學(xué)位授予單位】：西南政法大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.39

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 魏靜,陳紹軍;傭金下調(diào)利弊及券商對(duì)策分析[J];商業(yè)研究;2003年24期

2 陳崢嶸;;證券公司經(jīng)營(yíng)模式和監(jiān)管政策的“順周期效應(yīng)”分析[J];中國(guó)科技投資;2011年02期

3 劉蓓;;關(guān)于證券公司開展直接投資業(yè)務(wù)的探討[J];價(jià)格月刊;2008年07期

4 王聰;宋慧英;;中國(guó)證券公司市場(chǎng)結(jié)構(gòu)與績(jī)效的實(shí)證分析[J];經(jīng)濟(jì)經(jīng)緯;2012年01期

5 葛紅玲;;我國(guó)證券公司盈利模式創(chuàng)新問題研究[J];經(jīng)濟(jì)論壇;2008年20期

6 譚顯稅;我國(guó)證券公司競(jìng)爭(zhēng)力研究[J];南方經(jīng)濟(jì);2002年10期

7 涂艷艷;;券商盈利模式亟待轉(zhuǎn)型[J];考試周刊;2012年72期

8 張友鵬;;關(guān)于國(guó)內(nèi)券商盈利模式調(diào)整的思考[J];商業(yè)時(shí)代;2008年16期

9 陳榮杰;;中、美證券公司業(yè)務(wù)結(jié)構(gòu)的實(shí)證比較[J];特區(qū)經(jīng)濟(jì);2008年09期

10 黃莉;我國(guó)證券公司如何面對(duì)內(nèi)外夾擊的挑戰(zhàn)[J];經(jīng)濟(jì)前沿;2005年01期

本文編號(hào)：1373748