本文關(guān)鍵詞： 航運低谷期 造船融資 ERN 成本核算 路徑選擇　出處：《復(fù)旦大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：航運業(yè)低谷期的特點受制于后金融危機的持續(xù)、經(jīng)濟貿(mào)易的萎縮、造船成本加重而價格降低等綜合因素的影響,航運公司供過于求的情況顯著,航運公司的運價低迷、運營虧損形勢未能扭轉(zhuǎn),其可持續(xù)發(fā)展受到限制,造船融資途徑受到約束。然而,在航運低谷期,面對不確定的航運市場,航運企業(yè)能否繼續(xù)造船?本文研究指出,低谷期的造船策略對于航運企業(yè),既是挑戰(zhàn)又是機遇!決策的關(guān)鍵,離不開企業(yè)自身的風(fēng)險分析,以及低谷期造船地融資成本分析。據(jù)此,本論文研究了航運低谷期造船融資方案的研究。本論文的研究內(nèi)容分為四部分：第一,論文系統(tǒng)分析了航運和船舶產(chǎn)業(yè)的現(xiàn)狀和發(fā)展,指出了航運低谷期的一些特點,并且總結(jié)了造船融資的概念和發(fā)展；第二,比較研究了造船融資的主要融資模式,并重點指出航運低谷期可行的融資模式選擇,并且探討了低谷期新型的融資方式(如夾層融資、船舶信托等)；第三,從企業(yè)系統(tǒng)風(fēng)險和財務(wù)風(fēng)險兩個層面來討論低谷期造船融資的方案,其中,論文引入了ERM(企業(yè)風(fēng)險管理法)研究了系統(tǒng)風(fēng)險,引入成本核算方法研究了融資風(fēng)險,并提出了低谷期融資的路徑選擇；第四,在上述研究的基礎(chǔ)上,結(jié)合低谷期可選擇的融資模式,應(yīng)用案例分析方法研究了低谷期造船融資的策略。本文研究不僅豐富了航運融資理論的研究內(nèi)容,并且為相關(guān)行業(yè)及企業(yè),如船運公司、造船企業(yè)還是金融機構(gòu)等投資者等,在航運低谷期的決策行為提供重要理論和實踐的參考依據(jù),具有重要的理論和現(xiàn)實研究意義。
[Abstract]:The characteristics of the low period of shipping industry are affected by the persistence of the post-financial crisis, the contraction of economic and trade, the increase of shipbuilding cost and the decrease of price. The oversupply of shipping company is obvious, and the shipping company's freight rate is low. The situation of operating losses can not be reversed, its sustainable development is restricted, and the financing channels of shipbuilding are restricted. However, in the shipping trough, in the face of uncertain shipping market, can shipping enterprises continue to build ships? This paper points out that the shipbuilding strategy in the low period is both a challenge and an opportunity for shipping enterprises. The key to the decision is the risk analysis of the enterprise itself and the analysis of the financing cost of the shipbuilding land in the low period. Accordingly, this paper studies the shipbuilding financing scheme of the shipping valley period. The research content of this paper is divided into four parts: first, The paper systematically analyzes the present situation and development of shipping and shipbuilding industry, points out some characteristics of shipping trough period, and summarizes the concept and development of shipbuilding financing. It also points out the feasible financing mode of shipping trough period, and discusses the new financing mode (such as mezzanine financing, ship trust and so on). This paper discusses the scheme of shipbuilding financing from two aspects of enterprise system risk and financial risk. Among them, the paper introduces ERM (enterprise risk management method) to study the system risk, and introduces the cost accounting method to study the financing risk. And put forward the path choice of financing in the valley period, 4th, on the basis of the above research, combine the financing mode that can be chosen in the low period, This study not only enriches the research contents of shipping financing theory, but also provides the relevant industries and enterprises, such as shipping companies, shipbuilding companies or financial institutions, and so on. The decision-making behavior in the low period of shipping provides important theoretical and practical reference basis, and has important theoretical and practical significance.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F551;F831.2

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本文編號：1540914