【摘要】：在企業(yè)成長(zhǎng)過程中,每一次擴(kuò)張都是一次破繭成蝶的蛻變。然而,對(duì)規(guī)模尚小、管理者經(jīng)驗(yàn)不足的中小企業(yè)而言,蛻變則是一個(gè)艱難且蘊(yùn)藏著巨大風(fēng)險(xiǎn)的過程。如何根據(jù)自身實(shí)際,制定適合的投資方案并對(duì)眾多的融資手段和渠道加以利用獲取發(fā)展所需的資金,已成為當(dāng)前中小企業(yè)最迫切需要解決的問題。 ZS公司是一家生產(chǎn)電站閥門的專業(yè)企業(yè),公司整體規(guī)模偏小,產(chǎn)品在國內(nèi)市場(chǎng)所占份額不大。但由于公司部分產(chǎn)品擁有較為領(lǐng)先的技術(shù),幾年來業(yè)績(jī)不斷攀升,現(xiàn)有產(chǎn)能已不能滿足市場(chǎng)需要,急需擴(kuò)大產(chǎn)能。zS公司自有資金較為緊張,必須通過對(duì)外融資來解決項(xiàng)目建設(shè)資金。本文意在為ZS公司設(shè)計(jì)一套切實(shí)可行的投融資方案,為類似中小企業(yè)的投融資活動(dòng)提供一點(diǎn)借鑒。 本文首先對(duì)“MM理論”、平衡理論、優(yōu)序融資理論等成熟的企業(yè)融資理論做了梳理和探討,并將之作為zs公司投融資方案的制訂依據(jù)。其次,介紹了項(xiàng)目和公司概況,通過PEST分析,對(duì)項(xiàng)目可行性做了論證。再次,對(duì)中小企業(yè)外部融資渠道做了全面總結(jié),設(shè)計(jì)了三套相對(duì)可行的融資方案,并通過對(duì)比選出一套最佳方案,在此基礎(chǔ)上,對(duì)項(xiàng)目做了經(jīng)濟(jì)效益預(yù)測(cè),制訂了收益分配方案。最后為項(xiàng)目順利實(shí)施制訂了相關(guān)保障措施。
[Abstract]:In the process of enterprise growth, each expansion is a metamorphosis. However, for small and inexperienced SMEs, transformation is a difficult and risky process. How to make suitable investment plan according to their own reality and how to make use of many financing means and channels to obtain the funds needed for development has become the most urgent problem to be solved by small and medium-sized enterprises at present. ZS is a professional manufacturer of power plant valves, the overall size of the company is small, products in the domestic market share. However, due to the fact that some of the company's products have more advanced technology and its performance has been constantly rising over the years, the existing capacity can no longer meet the needs of the market, and the company needs to expand its production capacity. ZS's own funds are relatively tight. Project construction funds must be solved through external financing. The purpose of this paper is to design a set of feasible investment and financing scheme for ZS Company, and to provide some reference for the investment and financing activities of similar small and medium-sized enterprises. In this paper, the mature enterprise financing theories, such as "MM theory", "equilibrium theory", "preferential financing theory", and so on, are combed and discussed, and they are regarded as the basis for the formulation of investment and financing schemes for zs companies. Secondly, the project and the company are introduced, and the feasibility of the project is demonstrated by PEST analysis. Thirdly, it summarizes the external financing channels of small and medium-sized enterprises, designs three sets of relatively feasible financing schemes, and selects a set of best schemes through comparison. On this basis, the economic benefits of the project are forecasted. The scheme of income distribution has been worked out. Finally, the project is successfully implemented to formulate the relevant safeguards.
【學(xué)位授予單位】：西北大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F275;F426.4

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