商業(yè)銀行對企業(yè)海外并購貸款業(yè)務的風險管理研究
發(fā)布時間：2018-12-12 07:20
【摘要】：海外并購對于企業(yè)發(fā)展和我國外向型經(jīng)濟建設均具有重要意義。2008年國際金融危機爆發(fā)以來,我國企業(yè)海外并購形成一個高潮,然而也出現(xiàn)了較高的失敗率,這對我國商業(yè)銀行剛剛起步不久的海外并購貸款業(yè)務的風險管理能力和水平提出了嚴峻挑戰(zhàn)。鑒于此,本文結合海外并購理論和現(xiàn)代商業(yè)銀行風險管理理論,對商業(yè)銀行海外并購貸款的風險進行識別,從而探索我國商業(yè)銀行海外并購貸款風險控制的有效途徑和方法。 本文在歸納總結前人研究成果的基礎上,比較了海外并購的種類、動因,以及海外并購各融資方式的優(yōu)缺點,區(qū)分了海外并購貸款與普通貸款、國內并購貸款的區(qū)別,沿著海外并購和商業(yè)銀行海外并購貸款的流程,分析了海外并購貸款風險的特點,采用故障樹法將海外并購貸款風險歸納為七類進行了層層分析和識別,并運用層次分析法和模糊綜合評價法構建了商業(yè)銀行海外并購貸款風險評估模型,應用模型對A銀行向山東HC集團提供海外并購貸款的案例進行風險識別和評估,最后結合我國商業(yè)銀行貸款風險控制的現(xiàn)狀,提出可行的海外并購貸款風險控制思路和措施。 經(jīng)過上述研究,本文得出以下結論： (1)除普通貸款所具有的風險客觀性、多樣性、漸進性、突發(fā)性等特點外,商業(yè)銀行海外并購貸款還具有風險疊加性、階段性的特點,因此海外并購貸款是商業(yè)銀行風險最大的貸款品種之一。 (2)商業(yè)銀行應正確看待海外并購貸款風險。本文所提出的信用風險、行業(yè)和市場風險、估值風險、整合風險、法律風險、國別風險、金融風險等七類主要風險之間是相互聯(lián)系、相互影響的,商業(yè)銀行應細致識別和評估風險因素、整體綜合把握風險特征,在業(yè)務操作中避免過于保守或過于激進。 (3)本文構建的貸款風險評估模型涵蓋了海外并購貸款的主要風險,對海外并購貸款風險因素的重要性進行了排序,通過較為科學的方法量化了風險的大小和程度,可以指導商業(yè)銀行對海外并購貸款業(yè)務風險大小逐筆進行比較、分類和篩選,從而有針對性的采取管控措施。 (4)控制海外并購貸款風險,需要提高風險認識,進行團隊建設和制度建設,并針對具體貸款選擇適用的風險控制措施。
[Abstract]:Overseas M & A is of great significance to the development of enterprises and the construction of export-oriented economy. Since the outbreak of the international financial crisis in 2008, the overseas M & A of Chinese enterprises has formed a climax, but there has also been a high failure rate. This poses a severe challenge to the risk management ability and level of overseas M & A loan business in China's commercial banks. In view of this, combined with overseas M & A theory and modern commercial bank risk management theory, this paper identifies the risks of overseas M & A loans of commercial banks, and explores the effective ways and methods to control the risk of overseas M & A loans of Chinese commercial banks. On the basis of summing up the previous research results, this paper compares the types and causes of overseas M & A, as well as the advantages and disadvantages of various financing methods of overseas M & A, and distinguishes the differences between overseas M & A loans and ordinary loans, and domestic M & A loans. According to the process of overseas M & A and commercial banks' overseas M & A loan, the characteristics of overseas M & A loan risk are analyzed, and the risk of overseas M & A loan is classified into seven categories by fault tree method. The risk assessment model of overseas M & A loans of commercial banks is constructed by using AHP and fuzzy comprehensive evaluation method. The risk identification and evaluation of the cases of A Bank providing overseas M & A loans to Shandong HC Group are carried out. Finally, combining with the present situation of loan risk control of commercial banks in China, the feasible ideas and measures for risk control of overseas M & A loans are put forward. After the above research, this paper draws the following conclusions: (1) in addition to the characteristics of risk objectivity, diversity, progressiveness and sudden onset of ordinary loans, the overseas M & A loans of commercial banks also have risk superposition. Therefore, overseas M & A loan is one of the most risky loans for commercial banks. (2) Commercial banks should treat the risk of overseas M & A loan correctly. The credit risk, industry and market risk, valuation risk, integration risk, legal risk, country risk, financial risk and so on are interrelated and influence each other. Commercial banks should identify and evaluate the risk factors carefully, grasp the risk characteristics comprehensively, and avoid being too conservative or radical in business operation. (3) the loan risk assessment model constructed in this paper covers the main risks of overseas M & A loans, ranking the importance of the risk factors of overseas M & A loans, and quantifying the magnitude and degree of risks through more scientific methods. It can guide commercial banks to compare, classify and screen the risks of overseas M & A loans. (4) to control the risk of overseas M & A loan, it is necessary to raise the risk awareness, carry out team building and system construction, and select suitable risk control measures for specific loans.
【學位授予單位】：中國海洋大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.33
本文編號：2374172
[Abstract]:Overseas M & A is of great significance to the development of enterprises and the construction of export-oriented economy. Since the outbreak of the international financial crisis in 2008, the overseas M & A of Chinese enterprises has formed a climax, but there has also been a high failure rate. This poses a severe challenge to the risk management ability and level of overseas M & A loan business in China's commercial banks. In view of this, combined with overseas M & A theory and modern commercial bank risk management theory, this paper identifies the risks of overseas M & A loans of commercial banks, and explores the effective ways and methods to control the risk of overseas M & A loans of Chinese commercial banks. On the basis of summing up the previous research results, this paper compares the types and causes of overseas M & A, as well as the advantages and disadvantages of various financing methods of overseas M & A, and distinguishes the differences between overseas M & A loans and ordinary loans, and domestic M & A loans. According to the process of overseas M & A and commercial banks' overseas M & A loan, the characteristics of overseas M & A loan risk are analyzed, and the risk of overseas M & A loan is classified into seven categories by fault tree method. The risk assessment model of overseas M & A loans of commercial banks is constructed by using AHP and fuzzy comprehensive evaluation method. The risk identification and evaluation of the cases of A Bank providing overseas M & A loans to Shandong HC Group are carried out. Finally, combining with the present situation of loan risk control of commercial banks in China, the feasible ideas and measures for risk control of overseas M & A loans are put forward. After the above research, this paper draws the following conclusions: (1) in addition to the characteristics of risk objectivity, diversity, progressiveness and sudden onset of ordinary loans, the overseas M & A loans of commercial banks also have risk superposition. Therefore, overseas M & A loan is one of the most risky loans for commercial banks. (2) Commercial banks should treat the risk of overseas M & A loan correctly. The credit risk, industry and market risk, valuation risk, integration risk, legal risk, country risk, financial risk and so on are interrelated and influence each other. Commercial banks should identify and evaluate the risk factors carefully, grasp the risk characteristics comprehensively, and avoid being too conservative or radical in business operation. (3) the loan risk assessment model constructed in this paper covers the main risks of overseas M & A loans, ranking the importance of the risk factors of overseas M & A loans, and quantifying the magnitude and degree of risks through more scientific methods. It can guide commercial banks to compare, classify and screen the risks of overseas M & A loans. (4) to control the risk of overseas M & A loan, it is necessary to raise the risk awareness, carry out team building and system construction, and select suitable risk control measures for specific loans.
【學位授予單位】：中國海洋大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.33
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，本文編號：2374172
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