【摘要】：近二十多年,我國(guó)集團(tuán)財(cái)務(wù)公司本著“依托企業(yè)集團(tuán),服務(wù)企業(yè)集團(tuán)”的宗旨,在企業(yè)集團(tuán)資金集中管理上發(fā)揮了重要作用,幫助集團(tuán)實(shí)現(xiàn)了資本有效配置,降低了內(nèi)部成員之間的交易成本,并減少了集團(tuán)的融資約束。財(cái)務(wù)公司目前已成為我國(guó)金融機(jī)構(gòu)體系中非常重要的一支力量。伴隨著經(jīng)濟(jì)全球化的快速發(fā)展和金融自由化的不斷加深,企業(yè)集團(tuán)規(guī)模越來(lái)越大,成員單位之間的經(jīng)濟(jì)合作更加緊密,集團(tuán)財(cái)務(wù)公司面臨著很大的發(fā)展機(jī)遇,同時(shí)也面臨著流動(dòng)性風(fēng)險(xiǎn)的考驗(yàn)。流動(dòng)性風(fēng)險(xiǎn)具有聯(lián)動(dòng)性、集中度高的特點(diǎn),財(cái)務(wù)公司如果不能有效控制其流動(dòng)性風(fēng)險(xiǎn),倘若發(fā)生流動(dòng)性危機(jī),不僅財(cái)務(wù)公司的經(jīng)營(yíng)會(huì)受到影響,而且其依靠的企業(yè)集團(tuán)整個(gè)資金鏈也會(huì)受到沉重打擊。因此,流動(dòng)性風(fēng)險(xiǎn)管理水平的高低對(duì)財(cái)務(wù)公司經(jīng)營(yíng)管理和風(fēng)險(xiǎn)管理至關(guān)重要。但是在國(guó)內(nèi),相比于商業(yè)銀行,我國(guó)財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理沒(méi)有被充分的重視,流動(dòng)性風(fēng)險(xiǎn)管理理念和流動(dòng)性風(fēng)險(xiǎn)管理技術(shù)存在一定的問(wèn)題。本文旨在對(duì)我國(guó)企業(yè)集團(tuán)財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理進(jìn)行研究,通過(guò)查找國(guó)內(nèi)外相關(guān)文獻(xiàn)資料,并運(yùn)用理論分析與案例分析相結(jié)合的方法,結(jié)合ZY財(cái)務(wù)公司在流動(dòng)性風(fēng)險(xiǎn)管理具體實(shí)踐中的案例,指出其流動(dòng)性風(fēng)險(xiǎn)管理過(guò)程的問(wèn)題并提出相關(guān)建議,從而為我國(guó)財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理提供案例借鑒。通過(guò)對(duì)ZY財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理的案例進(jìn)行分析,本文得出以下結(jié)論:(1)ZY財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)預(yù)警機(jī)制不健全;(2)流動(dòng)性風(fēng)險(xiǎn)量化工具比較落后;(3)風(fēng)險(xiǎn)管理體系政策不完善;(4)流動(dòng)性風(fēng)險(xiǎn)管理工作易受集團(tuán)行政干預(yù)影響。在此基礎(chǔ)之上,本文提出了針對(duì)ZY財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理過(guò)程中存在問(wèn)題的建議:(1)完善流動(dòng)性風(fēng)險(xiǎn)預(yù)警機(jī)制;(2)引進(jìn)先進(jìn)的流動(dòng)性風(fēng)險(xiǎn)管理工具;(3)完善內(nèi)部控制制度;(4)妥善處理與ZY集團(tuán)以及成員單位的關(guān)系;(5)積聚和培養(yǎng)風(fēng)險(xiǎn)管理人力資源;(6)構(gòu)建公司風(fēng)險(xiǎn)管理文化。全文共分為五章:第一章為引言,主要介紹本文的研究背景和意義、國(guó)內(nèi)外相關(guān)研究文獻(xiàn)、研究思路、研究方法和研究框架。第二章為財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理相關(guān)理論概述,是本文的理論部分,主要介紹了我國(guó)集團(tuán)財(cái)務(wù)公司的業(yè)務(wù)范圍和功能地位,財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)的特點(diǎn)以及成因,為本文分析奠定理論基礎(chǔ)。第三章是ZY集團(tuán)財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理的案例介紹,主要介紹了ZY財(cái)務(wù)公司的基本業(yè)務(wù)情況,詳細(xì)闡述了其流動(dòng)性風(fēng)險(xiǎn)管理框架,并對(duì)其流動(dòng)性風(fēng)險(xiǎn)管理水平進(jìn)行了分析。第四章是ZY財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理存在的問(wèn)題及原因分析,主要指出了ZY財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理過(guò)程中存在的問(wèn)題,并對(duì)這些問(wèn)題的成因進(jìn)行了分析。第五章是完善ZY財(cái)務(wù)公司流動(dòng)性風(fēng)險(xiǎn)管理的建議。
[Abstract]:In the past twenty years, the Group Finance Company of our country has played an important role in the centralized management of enterprise group funds and helped the group to realize the effective allocation of capital in line with the purpose of "relying on the enterprise group and serving the enterprise group." It reduces the transaction cost among the internal members and reduces the financing constraints of the group. The finance company has become a very important force in the financial institution system of our country at present. With the rapid development of economic globalization and the deepening of financial liberalization, the scale of enterprise groups is becoming larger and larger, and the economic cooperation between member units is closer. It also faces the test of liquidity risk. Liquidity risk has the characteristics of linkage and high concentration. If the financial company can not effectively control its liquidity risk, if there is a liquidity crisis, not only the management of the financial company will be affected. And the entire capital chain on which it depends will also be hit hard. Therefore, the level of liquidity risk management is very important to the management and risk management of financial companies. But in our country, compared with commercial banks, liquidity risk management of financial companies in our country is not paid enough attention to, and there are some problems in liquidity risk management concept and liquidity risk management technology. The purpose of this paper is to study the liquidity risk management of enterprise group financial companies in China. By looking up the relevant literature at home and abroad, this paper applies the method of combining theoretical analysis with case analysis. Combined with the case of ZY Finance Company in the practice of liquidity risk management, this paper points out the problems in the process of liquidity risk management and puts forward some relevant suggestions, so as to provide a case reference for the liquidity risk management of Chinese financial companies. Through the analysis of the case of liquidity risk management of ZY financial company, this paper draws the following conclusions: (1) the liquidity risk warning mechanism of ZY financial company is not perfect; (2) the liquidity risk quantification tool is backward; (3) the policy of risk management system is not perfect, (4) liquidity risk management is easily influenced by group administrative intervention. On this basis, this paper puts forward some suggestions for the liquidity risk management of ZY financial companies: (1) perfecting the liquidity risk warning mechanism; (2) introducing advanced liquidity risk management tools; (3) perfecting the internal control system; (4) properly handling the relationship with ZY Group and its member units; (5) accumulating and cultivating human resources of risk management; (6) constructing the risk management culture of the company. This paper is divided into five chapters: the first chapter is the introduction, mainly introduces the research background and significance of this paper, domestic and foreign related research literature, research ideas, research methods and research framework. The second chapter is an overview of the theory of liquidity risk management of financial companies, which is the theoretical part of this paper. It mainly introduces the business scope and functional status of financial companies in China, the characteristics and causes of liquidity risk of financial companies. It lays a theoretical foundation for the analysis of this paper. The third chapter is the case of liquidity risk management of ZY Group Finance Company. It mainly introduces the basic business situation of ZY Finance Company, elaborates its liquidity risk management framework, and analyzes the level of liquidity risk management. The fourth chapter is the ZY financial company liquidity risk management problems and causes analysis, mainly pointed out the ZY financial company liquidity risk management process problems, and analyzed the causes of these problems. The fifth chapter is to perfect the ZY finance company liquidity risk management suggestion.
【學(xué)位授予單位】：江西財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F832.39;F830.42

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 袁琳;張偉華;;集團(tuán)管理控制與財(cái)務(wù)公司風(fēng)險(xiǎn)管理——基于10家企業(yè)集團(tuán)的多案例分析[J];會(huì)計(jì)研究;2015年05期

2 徐俊平;趙煜武;;財(cái)務(wù)公司“資金池”下各級(jí)單位資金集中管理方式探析[J];會(huì)計(jì)之友;2014年33期

3 曹嵐;何世文;;財(cái)務(wù)公司流動(dòng)性管理框架構(gòu)建初探[J];財(cái)會(huì)月刊;2014年07期

4 陳關(guān)亭;黃小琳;章甜;;基于企業(yè)風(fēng)險(xiǎn)管理框架的內(nèi)部控制評(píng)價(jià)模型及應(yīng)用[J];審計(jì)研究;2013年06期

5 張戈;錢婷婷;李斯儀;;對(duì)比商業(yè)銀行談財(cái)務(wù)公司的結(jié)算業(yè)務(wù)風(fēng)險(xiǎn)[J];會(huì)計(jì)之友;2013年28期

6 李慧;;基于內(nèi)部資本市場(chǎng)理論的我國(guó)集團(tuán)財(cái)務(wù)公司功能研究[J];云南社會(huì)科學(xué);2013年04期

7 胡曉;;基于產(chǎn)融結(jié)合的財(cái)務(wù)公司價(jià)值定位與功能實(shí)現(xiàn)[J];會(huì)計(jì)之友;2013年14期

8 袁琳;陳凌云;何玉潤(rùn);;集團(tuán)資金集中控制下的風(fēng)險(xiǎn)管理——基于大中型集團(tuán)公司的案例分析[J];會(huì)計(jì)與經(jīng)濟(jì)研究;2013年02期

9 郭瑾成;;增強(qiáng)內(nèi)生動(dòng)力 實(shí)現(xiàn)轉(zhuǎn)型跨越——企業(yè)集團(tuán)財(cái)務(wù)公司發(fā)展探討[J];會(huì)計(jì)之友;2012年23期

10 張岱;;企業(yè)集團(tuán)財(cái)務(wù)公司相關(guān)風(fēng)險(xiǎn)研究[J];會(huì)計(jì)之友;2012年23期

相關(guān)博士學(xué)位論文 前1條

1 劉昕;商業(yè)銀行流動(dòng)性風(fēng)險(xiǎn)管理研究[D];遼寧大學(xué);2010年

相關(guān)碩士學(xué)位論文 前3條

1 趙俏;基于資產(chǎn)負(fù)債結(jié)構(gòu)的商業(yè)銀行流動(dòng)性風(fēng)險(xiǎn)管理問(wèn)題研究[D];東北財(cái)經(jīng)大學(xué);2011年

2 吳丹丹;中國(guó)商業(yè)銀行的流動(dòng)性風(fēng)險(xiǎn)管理[D];復(fù)旦大學(xué);2009年

3 龔娟娟;我國(guó)財(cái)務(wù)公司功能與業(yè)務(wù)創(chuàng)新實(shí)證研究[D];武漢科技大學(xué);2006年

，

本文編號(hào)：2350861