本文關(guān)鍵詞：伊利股份財(cái)務(wù)柔性研究　出處：《黑龍江八一農(nóng)墾大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 乳品企業(yè) 伊利股份 財(cái)務(wù)柔性 資本結(jié)構(gòu)

【摘要】：財(cái)務(wù)柔性是一個(gè)新興的財(cái)務(wù)領(lǐng)域研究話題,越來(lái)越受到理論界和實(shí)務(wù)界的重視。近些年來(lái),受?chē)?guó)內(nèi)外社會(huì)、政治、經(jīng)濟(jì)環(huán)境的影響,我國(guó)企業(yè)所處的經(jīng)營(yíng)環(huán)境錯(cuò)綜復(fù)雜,不確定性日益增強(qiáng)。尤其對(duì)于乳品企業(yè),大到金融危機(jī),小到頻頻曝光的食品安全問(wèn)題,財(cái)務(wù)困境風(fēng)險(xiǎn)以及激烈的市場(chǎng)競(jìng)爭(zhēng)所帶來(lái)的經(jīng)營(yíng)與財(cái)務(wù)風(fēng)險(xiǎn),使企業(yè)所處環(huán)境的不確定性大大提升,如何保持適當(dāng)?shù)呢?cái)務(wù)柔性,靈活應(yīng)對(duì)不利沖擊,把握未來(lái)有利的投資機(jī)會(huì),是企業(yè)進(jìn)行財(cái)務(wù)政策選擇時(shí)需要考慮的問(wèn)題。本文采用理論結(jié)合實(shí)際案例的研究方法,選取光明乳業(yè)以及乳品行業(yè)為對(duì)比對(duì)象,收集伊利股份、光明乳業(yè)、乳品行業(yè)2008年——2015年財(cái)務(wù)數(shù)據(jù)對(duì)伊利股份財(cái)務(wù)柔性進(jìn)行研究。根據(jù)國(guó)內(nèi)外研究現(xiàn)狀,在現(xiàn)有理論的基礎(chǔ)上,結(jié)合伊利股份運(yùn)營(yíng)現(xiàn)狀,對(duì)其財(cái)務(wù)柔性進(jìn)行指標(biāo)分析,發(fā)現(xiàn)要對(duì)企業(yè)財(cái)務(wù)柔性進(jìn)行復(fù)合管理,要綜合考慮現(xiàn)金柔性、負(fù)債柔性、權(quán)益柔性之間的關(guān)系,考慮國(guó)家對(duì)企業(yè)財(cái)務(wù)柔性的影響,提高企業(yè)財(cái)務(wù)柔性,降低其獲取成本。因此,基于財(cái)務(wù)柔性指標(biāo)分析,運(yùn)用基于熵權(quán)模型及TOPSIS法,對(duì)伊利股份財(cái)務(wù)柔性進(jìn)行具體量化分析,得出伊利股份處于較高的財(cái)務(wù)柔性水平以及權(quán)益柔性更大程度上影響企業(yè)財(cái)務(wù)柔性指標(biāo)的判別結(jié)果。然后對(duì)伊利股份財(cái)務(wù)柔性進(jìn)行總體評(píng)價(jià),認(rèn)為適當(dāng)調(diào)整資本結(jié)構(gòu)、減少負(fù)債比例、提高債務(wù)柔性是伊利股份當(dāng)務(wù)之急的財(cái)務(wù)策略。最后,提出對(duì)同類企業(yè)的啟示。
[Abstract]:Financial flexibility is a financial research new topic, more and more theoretical and practical attention. In recent years, by the domestic social, political and economic environment, our country enterprise's management environment perplexing, increasing uncertainty. Especially for the dairy enterprises to financial crisis. Small to frequent exposure to food safety issues, the risk of financial distress and brought fierce competition in the market, business and financial risk, the enterprise environment uncertainty greatly enhance, how to maintain adequate financial flexibility, flexible response to adverse shocks, grasp the favorable investment opportunities in the future, is the need to consider the enterprise financial policy the problem. This paper adopts the theoretical research methods combined with the actual case, and the selection of bright dairy dairy industry as comparison object, collection of Yili, bright dairy industry, dairy industry 2008 In 2015 the financial data of Yili financial flexibility is studied. According to the research status at home and abroad, on the basis of existing theory, combined with the status quo of Yili operation, the flexible financial index analysis, found to corporate financial flexibility of composite management, should consider the cash flexibility, debt equity relationship between flexible, flexible and consider the national impact on corporate financial flexibility, improve corporate financial flexibility, reduce the cost of acquisition. Therefore, the analysis of financial flexibility index based on entropy weight model and TOPSIS method based on Iraq Li shares financial flexibility specific quantitative analysis, the Yili in effect results of corporate financial flexibility index higher levels of financial flexibility the rights and interests of more flexible degree. Then the Yili financial flexibility in overall evaluation, that adjust the capital structure, reduce the negative The debt ratio and the improvement of the debt flexibility are the urgent financial strategies of the Eli shares. Finally, the enlightenment to the same kind of enterprises is put forward.

【學(xué)位授予單位】：黑龍江八一農(nóng)墾大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F426.82;F406.7

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