本文選題：財務風險 + F分數(shù)模型��； 參考：《山東農(nóng)業(yè)大學》2017年碩士論文

【摘要】：近年來,伴隨著市場化進程的加快,農(nóng)產(chǎn)品流通體制改革和價格管制的逐步放開,以及農(nóng)業(yè)高新技術(shù)的采用和推廣,農(nóng)業(yè)面臨的市場風險、技術(shù)風險和財務風險愈發(fā)凸顯。種業(yè)作為農(nóng)業(yè)產(chǎn)業(yè)的重要分支,在“十三五”規(guī)劃和農(nóng)業(yè)供給側(cè)改革等政策的影響下,種業(yè)企業(yè)的市場競爭壓力加大,資本結(jié)構(gòu)和產(chǎn)業(yè)結(jié)構(gòu)的調(diào)整難以適應市場的變化,正面臨著越來越嚴峻的財務風險形勢。企業(yè)如果不加強對財務風險的防控,一旦惡化,將引發(fā)嚴重的財務危機。因此,分析種業(yè)企業(yè)的財務風險并提出防控措施對種業(yè)企業(yè)的可持續(xù)發(fā)展有著至關(guān)重要的作用。本文在財務風險相關(guān)理論研究的基礎上,以我國種業(yè)上市公司——DH種業(yè)公司為具體實例,通過模型分析法、財務比率分析法、案例分析與實證研究相結(jié)合的方法,沿著“理論歸集—基本情況分析—總體財務風險分析—具體財務風險及成因探究—提出風險防控對策”的基本思路展開《DH種業(yè)公司財務風險分析》的撰寫。首先,本文闡述了研究背景、意義、研究的方法和創(chuàng)新點,梳理了財務風險相關(guān)理論,闡明了財務風險的概念、分類和分析方法,為下文的案例分析打下理論基礎;其次,本文介紹了種業(yè)的行業(yè)特點和財務狀況,對DH種業(yè)公司的經(jīng)營情況、治理結(jié)構(gòu)和資金使用特點進行了簡單分析;再次,本文實證分析了F分數(shù)模型對種業(yè)上市公司的適用性,通過F分數(shù)模型對DH種業(yè)公司進行總體財務風險分析,得出該公司目前不存在財務危機,但在同行業(yè)中的財務風險水平很高,這是由資本結(jié)構(gòu)不合理和盈利能力低導致的;又用財務指標對該公司籌資、投資和運營三個環(huán)節(jié)進行具體財務風險分析,結(jié)果表明:該公司籌資風險最高,運營風險次之,投資風險最小,主要影響因素為資本結(jié)構(gòu)、組織結(jié)構(gòu)、產(chǎn)業(yè)結(jié)構(gòu)和公司財務管理制度等;最后,本文根據(jù)影響財務風險的成因從籌資、投資和運營三個環(huán)節(jié)分別提出財務風險防控措施。
[Abstract]:In recent years, with the acceleration of the marketization process, the reform of agricultural product circulation system and the gradual liberalization of price control, as well as the adoption and promotion of high and new agricultural technology, the market risk, technical risk and financial risk facing agriculture have become increasingly prominent. Seed industry, as an important branch of agricultural industry, under the influence of policies such as the 13th Five-Year Plan and agricultural supply-side reform, the market competition pressure of seed industry enterprises has increased, and the adjustment of capital and industrial structure is difficult to adapt to the changes in the market. Is facing more and more severe financial risk situation. If enterprises do not strengthen the prevention and control of financial risks, once the deterioration, will lead to serious financial crisis. Therefore, it is very important to analyze the financial risk of seed enterprises and put forward the prevention and control measures for the sustainable development of seed enterprises. On the basis of the theoretical research on financial risk, this paper takes the listed company of seed industry in our country, DH seed Company, as a concrete example, and combines the method of model analysis, financial ratio analysis, case analysis and empirical research. Along with the basic thinking of "theoretical collection-basic situation analysis-overall financial risk analysis-specific financial risk and its cause of formation-putting forward the countermeasures of risk prevention and control", the author of "Financial risk Analysis of DH seed Company" is carried out. Firstly, this paper expounds the research background, significance, research methods and innovation points, combs the related theory of financial risk, clarifies the concept, classification and analysis method of financial risk, and lays a theoretical foundation for the case analysis below. This paper introduces the industry characteristics and financial situation of seed industry, analyzes the management situation, governance structure and capital use characteristics of DH seed company. Thirdly, this paper empirically analyzes the applicability of F score model to seed industry listed companies. Through the analysis of the total financial risk of DH seed company by F score model, it is concluded that there is no financial crisis, but the level of financial risk in the same industry is very high, which is caused by unreasonable capital structure and low profitability. The results show that the financing risk of the company is the highest, the operational risk is the second, and the investment risk is the least, the main influencing factor is the capital structure. Organizational structure, industrial structure and financial management system of the company. Finally, according to the causes of influencing financial risk, this paper puts forward financial risk prevention and control measures from three aspects: financing, investment and operation.
【學位授予單位】：山東農(nóng)業(yè)大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F302.6;F324.6

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