本文關(guān)鍵詞：L公司融資風(fēng)險評價與控制研究　出處：《西安石油大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 新三板 融資風(fēng)險 風(fēng)險評價 風(fēng)險成因 風(fēng)險控制

【摘要】：中小企業(yè)作為國民經(jīng)濟(jì)中最為活躍的部分,其在增加就業(yè)崗位、提升人民生活水平、促進(jìn)地區(qū)經(jīng)濟(jì)發(fā)展等多方面有著舉足輕重的作用。中小企業(yè)融資難問題是制約無數(shù)中小企業(yè)發(fā)展的主要問題,也是眾多國內(nèi)外學(xué)者重點(diǎn)關(guān)注和研究的問題之一。而新三板市場就是將具備承擔(dān)高風(fēng)險能力且有高收益需求的資本金引流到成長期中小企業(yè)的資本市場,近年來新三板市場融資頻率與募集資金規(guī)�？焖僭鲩L,一定程度上有效緩解了融資難的狀況,但其流動性弱、交易不活躍及掛牌企業(yè)自身劣勢等在某種程度上影響了新三板市場的融資功能,導(dǎo)致融資風(fēng)險大,影響公司的整體競爭力,降低可持續(xù)發(fā)展能力。因此,在公司可持續(xù)發(fā)展戰(zhàn)略規(guī)劃中,對融資所帶來的風(fēng)險進(jìn)行識別、評估與控制是促進(jìn)公司健康發(fā)展的關(guān)鍵之舉。本文基于融資風(fēng)險的基礎(chǔ)理論,以新三板掛牌企業(yè)L公司為研究對象,首先根據(jù)L公司的基本發(fā)展概況、融資現(xiàn)狀,識別L公司目前融資中的內(nèi)、外部融資風(fēng)險,并探究其成因;其次,通過專家問卷打分法,從反映公司融資風(fēng)險的五大能力25個財務(wù)指標(biāo)中選取15個構(gòu)建L公司融資風(fēng)險評價指標(biāo)體系,利用因子分析法以公司15個財務(wù)指標(biāo)的27組季度財務(wù)數(shù)據(jù)為分析基礎(chǔ),建立L公司融資風(fēng)險綜合評價模型,評估融資風(fēng)險的大小程度以及融資風(fēng)險主要影響因素;最后,基于風(fēng)險識別、風(fēng)險成因分析及風(fēng)險評價實(shí)證研究結(jié)果,提出L公司融資風(fēng)險控制的具體策略,以期對降低L公司的融資風(fēng)險有所裨益,提高公司抗風(fēng)險能力,同時為新三板掛牌企業(yè)管理當(dāng)局對融資風(fēng)險的防范與控制提供參考。
[Abstract]:As the most active part of the national economy, small and medium-sized enterprises are increasing jobs and improving people's living standards. Promoting regional economic development plays an important role in many aspects. The financing difficulty of SMEs is the main problem that restricts the development of numerous SMEs. It is also one of the problems that many domestic and foreign scholars focus on and study. The new third board market is to drain the capital which has the ability to bear the high risk and the high income demand to the capital market of the small and medium-sized enterprises in the growing period. In recent years, the financing frequency and the scale of raising funds in the new third board market have increased rapidly, which has effectively alleviated the financing difficulties to a certain extent, but its liquidity is weak. The inactivity of trading and the weakness of listed enterprises affect the financing function of the new three board market to a certain extent, leading to the large financing risk, affecting the overall competitiveness of the company, and reducing the ability of sustainable development. In the strategic planning of the sustainable development of the company, the identification, evaluation and control of the risks brought by financing are the key to promote the healthy development of the company. This paper is based on the basic theory of financing risk. Taking company L as the research object, firstly, according to the general situation of the development of company L and the current situation of financing, the paper identifies the internal and external financing risks of company L, and probes into the causes of the financing. Secondly, through the expert questionnaire scoring method, 15 out of the 25 financial indicators reflecting the financing risk of the company are selected to construct the L company financing risk evaluation index system. Based on 27 groups of quarterly financial data of 15 financial indexes, a comprehensive evaluation model of L company's financing risk is established by using factor analysis method. Evaluate the degree of financing risk and the main influencing factors of financing risk; Finally, based on the risk identification, risk cause analysis and risk evaluation empirical research results, put forward the specific strategy of L company financing risk control, in order to reduce the financing risk of L company. At the same time, it provides a reference for the management authority of the new third board to prevent and control the financing risk.
【學(xué)位授予單位】：西安石油大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F406.7;F426.63

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