本文選題：風(fēng)電企業(yè) + 融資效率��； 參考：《內(nèi)蒙古大學(xué)》2013年碩士論文

【摘要】：資金好像生命機(jī)體的血液,貫穿著整個(gè)企業(yè)運(yùn)營的各個(gè)環(huán)節(jié),是制約企業(yè)發(fā)展的首要因素,如果資金問題解決不好,直接關(guān)系到企業(yè)的生存和發(fā)展。而企業(yè)涉及的資金問題中最核心的便是融資效率問題。本文在低碳經(jīng)濟(jì)發(fā)展帶動(dòng)風(fēng)電大力發(fā)展,資金問題成為了阻礙風(fēng)電企業(yè)健康長遠(yuǎn)發(fā)展的問題之一的背景下,以風(fēng)電企業(yè)為研究對(duì)象,具體以風(fēng)電企業(yè)融資效率為落腳點(diǎn),在梳理了國內(nèi)外相關(guān)研究文獻(xiàn)的基礎(chǔ)上,以權(quán)衡理論和機(jī)會(huì)窗口理論為理論指導(dǎo),結(jié)合當(dāng)前風(fēng)電企業(yè)融資現(xiàn)狀,從理論和實(shí)證兩方面分析了我國風(fēng)電企業(yè)的融資效率,得出以下主要結(jié)論：①我國風(fēng)電企業(yè)的融資現(xiàn)狀表現(xiàn)為資金供給的有效性不足導(dǎo)致的融資結(jié)構(gòu)失衡；②影響風(fēng)電企業(yè)融資效率的因素主要包括：企業(yè)規(guī)模和資產(chǎn)結(jié)構(gòu)、融資成本和融資風(fēng)險(xiǎn)、融資結(jié)構(gòu)、企業(yè)盈利能力和發(fā)展能力以及企業(yè)價(jià)值的波動(dòng)性；③我國風(fēng)電企業(yè)融資效率水平整體低下且呈下降趨勢(shì),大部分風(fēng)電企業(yè)屬于明顯非效率單位；④融資有效率企業(yè)的主營業(yè)務(wù)同比收入增長率和總資產(chǎn)周轉(zhuǎn)率的平均值顯著高于融資非有效企業(yè)的對(duì)應(yīng)指標(biāo)的平均值,且前者的資產(chǎn)負(fù)債率水平顯著低于后者該值水平；⑤絕大多數(shù)處于規(guī)模收益遞增的企業(yè)的DEA效率值較低。最后文章針對(duì)上述結(jié)論,從外部因素和內(nèi)部因素兩個(gè)角度給出提升我國風(fēng)電企業(yè)融資效率的改善建議：①拓寬我國風(fēng)電企業(yè)融資渠道；②完善促進(jìn)風(fēng)電企業(yè)發(fā)展的相關(guān)政策和制度；③規(guī)范風(fēng)電企業(yè)的財(cái)務(wù)制度；④提高風(fēng)電企業(yè)的組織績效。文章希望通過以上研究對(duì)我國風(fēng)電企業(yè)發(fā)展有所幫助。
[Abstract]:Capital is like the blood of the life organism, runs through every link of the whole enterprise operation, is the primary factor that restricts the development of the enterprise. If the fund problem is not solved well, it is directly related to the survival and development of the enterprise. The financing efficiency is the core of the capital problem involved in the enterprise. In this paper, the development of low-carbon economy leads to the development of wind power, and the capital problem has become one of the problems that hinder the healthy and long-term development of wind power enterprises. Under the background of wind power enterprises as the research object, the paper takes the financing efficiency of wind power enterprises as the foothold. On the basis of combing the domestic and foreign related research literature, taking the theory of weighing theory and the window of opportunity theory as the theoretical guidance, combining the current situation of wind power enterprise financing, this paper analyzes the financing efficiency of the wind power enterprise in China from both theoretical and empirical aspects. The main conclusions are as follows: (1) the current financing situation of wind power enterprises in China is characterized by the imbalance of financing structure caused by the insufficient availability of capital. 2 the factors that affect the financing efficiency of wind power enterprises mainly include: enterprise size and asset structure. Financing cost and risk, financing structure, profitability and development ability of enterprises, and volatility of enterprise value. The overall level of financing efficiency of wind power enterprises in China is low and decreasing. The average annual income growth rate and total assets turnover rate of the main business of most wind power enterprises are significantly higher than the average of the corresponding indexes of the financing inefficient enterprises. Moreover, the level of asset-liability ratio of the former is significantly lower than that of the latter. The DEA efficiency of most enterprises with increasing returns on scale is lower than that of the latter. Finally, according to the above conclusions, from the external factors and internal factors to improve the financing efficiency of wind power enterprises in China, the paper gives suggestions to improve the financing efficiency of wind power enterprises in China: 1 to broaden the financing channels of wind power enterprises in China; Improve the relevant policies and systems to promote the development of wind power enterprises. 3 standardize the financial system of wind power enterprises. 4 improve the organizational performance of wind power enterprises. This paper hopes that the above research will be helpful to the development of wind power enterprises in China.
【學(xué)位授予單位】：內(nèi)蒙古大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F275;F426.61

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 吳慶廣;;中國風(fēng)力發(fā)電公司融資模式探討[J];環(huán)境科學(xué)與管理;2008年01期

2 宋增基,張宗益;上市公司融資效率實(shí)證分析[J];商業(yè)研究;2003年05期

3 劉海虹;國有企業(yè)融資效率與銀行危機(jī)相關(guān)問題研究[J];財(cái)經(jīng)問題研究;2000年03期

4 時(shí)t熇，

本文編號(hào)：1781546