本文選題：山西　切入點：煤炭　出處：《山西財經(jīng)大學(xué)》2013年碩士論文

【摘要】：我國煤炭資源儲量豐富，是世界上少有的以煤炭為主要能源的國家之一，煤炭行業(yè)是我國國民經(jīng)濟(jì)的重要支柱行業(yè)。而山西是我國的煤炭大省，煤炭資源儲量多，品種全，煤炭開采技術(shù)硬，煤炭行業(yè)長期以來一直是山西經(jīng)濟(jì)發(fā)展的中心。但是由于煤炭產(chǎn)業(yè)集中度長期分散，由此引發(fā)的問題不斷，在國家產(chǎn)業(yè)政策調(diào)整的形勢下，煤炭企業(yè)不斷地進(jìn)行著兼并重組的工作，山西煤炭上市公司應(yīng)當(dāng)抓住機遇，，迎接挑戰(zhàn)，不斷增強各自的實力，不斷發(fā)展壯大。隨著我國經(jīng)濟(jì)的飛快發(fā)展，我國各方面專業(yè)化進(jìn)程的推進(jìn)，我國居民的消費結(jié)構(gòu)與以前相比有很大變化，國內(nèi)對能源尤其是煤炭資源的需求持續(xù)增長，山西煤炭上市公司必須跟隨經(jīng)濟(jì)發(fā)展步伐，及時調(diào)整自身發(fā)展戰(zhàn)略，及時發(fā)現(xiàn)資本結(jié)構(gòu)存在的問題，不斷進(jìn)行資本結(jié)構(gòu)的調(diào)整。 怎樣的資本結(jié)構(gòu)才是山西煤炭企業(yè)的最優(yōu)資本結(jié)構(gòu)，影響這些公司資本結(jié)構(gòu)的因素有哪些，資本結(jié)構(gòu)與公司績效的關(guān)系又是怎樣的，這些都是山西煤炭上市公司資本結(jié)構(gòu)方面需要研究的問題。本文將山西煤炭上市公司作為研究對象，通過對山西煤炭上市公司2007年至2011年有關(guān)資本結(jié)構(gòu)方面數(shù)據(jù)的分析，探討了山西煤炭上市公司資本結(jié)構(gòu)的現(xiàn)狀及其融資方式的選擇，并且對資本結(jié)構(gòu)與公司績效、資本結(jié)構(gòu)的影響因素進(jìn)行了描述性和實證性分析，得出的結(jié)論是山西煤炭上市公司股權(quán)集中度高，負(fù)債結(jié)構(gòu)不合理，流動負(fù)債比例較高，而且公司規(guī)模的大小和企業(yè)債務(wù)償還能力對資本結(jié)構(gòu)的作用較大，企業(yè)成長性對資本結(jié)構(gòu)的影響不顯著，為此提出了山西煤炭上市公司應(yīng)該優(yōu)化股權(quán)結(jié)構(gòu)和負(fù)債結(jié)構(gòu)，增加內(nèi)部積累，提高盈利能力等措施。
[Abstract]:China is rich in coal resources and is one of the rare countries in the world where coal is the main source of energy. The coal industry is an important pillar industry of our national economy, and Shanxi is a big coal province in China, with many reserves of coal resources and a wide variety of coal resources. The coal mining technology is hard, and the coal industry has been the center of economic development in Shanxi for a long time. However, because the concentration of the coal industry has been dispersed for a long time, the problems caused by this have been incessant. Under the situation of the adjustment of the national industrial policy, Coal enterprises are constantly engaged in the merger and reorganization work. Shanxi coal listed companies should seize the opportunity, meet the challenges, constantly enhance their respective strength and continue to grow. With the rapid development of China's economy, With the advancement of specialization in all aspects of our country, the consumption structure of Chinese residents has changed greatly compared with the previous years, and the domestic demand for energy, especially coal resources, has continued to grow. The listed coal companies in Shanxi must follow the pace of economic development. Adjust own development strategy in time, discover the problem of capital structure in time, carry on the adjustment of capital structure constantly. What kind of capital structure is the optimal capital structure of Shanxi coal enterprises, what are the factors that affect the capital structure of these companies, and what is the relationship between capital structure and corporate performance? These are the problems that need to be studied in the capital structure of Shanxi coal listed companies. This paper takes Shanxi coal listed companies as the research object, through the analysis of the capital structure data of Shanxi coal listed companies from 2007 to 2011. This paper probes into the present situation of the capital structure of Shanxi coal listed companies and the choice of their financing methods, and makes a descriptive and empirical analysis of the capital structure, corporate performance and the influencing factors of the capital structure. The conclusion is that Shanxi coal listed companies have a high concentration of equity, unreasonable debt structure, high current debt ratio, and the size of the company and the ability of corporate debt repayment play a greater role in capital structure. The influence of enterprise growth on capital structure is not significant. Therefore, the author puts forward some measures such as optimizing the structure of equity and debt, increasing the internal accumulation and improving the profitability of Shanxi coal listed companies.
【學(xué)位授予單位】：山西財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F275;F426.21

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