【摘要】：一直以來(lái)企業(yè)運(yùn)動(dòng)的起點(diǎn)就是融資,而企業(yè)收益分配的基礎(chǔ)也是融資。融資方式的完美搭配,可以減少資本成本,同時(shí)當(dāng)企業(yè)的資本達(dá)到一定規(guī)模就可以保證企業(yè)投資的需要,合理的資本結(jié)構(gòu),同樣也可以降低和規(guī)避融資風(fēng)險(xiǎn)。目前,農(nóng)業(yè)企業(yè)在我國(guó)國(guó)民經(jīng)濟(jì)中扮演著重要角色,尤其是中小型農(nóng)業(yè)企業(yè),更是其中的亮點(diǎn),然而和他們對(duì)于我國(guó)經(jīng)濟(jì)發(fā)展的貢獻(xiàn)相比,中小農(nóng)業(yè)企業(yè)所能得到的融資規(guī)模卻是很不對(duì)稱(chēng)的,只占整個(gè)金融資源的20%。據(jù)統(tǒng)計(jì)目前我國(guó)中小型農(nóng)業(yè)企業(yè)所需的資金大部分都是由自行積累或向銀行貸款等狹窄的融資渠道獲得的,因此資金來(lái)源結(jié)構(gòu)的單一性造成企業(yè)不能充分發(fā)揮資金的使用效能,同時(shí)又增加了資金的使用成本和風(fēng)險(xiǎn)。同時(shí)企業(yè)在股權(quán)融資或是債務(wù)融資方面都面臨著較大困難,使其在企業(yè)規(guī)模、產(chǎn)業(yè)結(jié)構(gòu)調(diào)整等方面難以得到推動(dòng)。 為了給中小農(nóng)業(yè)企業(yè)提出合理的融資決策,同時(shí)在加強(qiáng)資金管理,降低籌資成本,防范籌資風(fēng)險(xiǎn)等方面提出建議,本文首先介紹了企業(yè)融資的相關(guān)概念和主要的企業(yè)融資理論并對(duì)其作出分析和評(píng)價(jià)。然后對(duì)HS食品公司的經(jīng)營(yíng)狀況和企業(yè)的融資簡(jiǎn)要情況運(yùn)用西方現(xiàn)代融資理論結(jié)合我國(guó)社會(huì)經(jīng)濟(jì)制度特點(diǎn)進(jìn)行分析,得出現(xiàn)階段在內(nèi)、外源融資、資本結(jié)構(gòu)方面存在以下的問(wèn)題：沒(méi)有清晰的融資策略,融資行為不規(guī)范,公司內(nèi)源融資能力不足、投入較為緊張等,并根據(jù)企業(yè)提供的資料結(jié)合企業(yè)的實(shí)際情況,對(duì)設(shè)計(jì)的融資方案進(jìn)行評(píng)價(jià),即分別從政府扶持、商業(yè)銀行貸款、風(fēng)投基金、股權(quán)出讓融資等外源融資方面進(jìn)行考慮,并結(jié)合企業(yè)本身具有一定的內(nèi)源融資能力因素,從而最終選出最佳融資方案。最后從政策、內(nèi)部管理、信用、利率、流動(dòng)性、購(gòu)買(mǎi)力、市場(chǎng)、合作者等方面給出規(guī)避融資風(fēng)險(xiǎn)的建議：企業(yè)向保險(xiǎn)公司投保、設(shè)立完備的融資風(fēng)險(xiǎn)管理部門(mén)、選擇利率調(diào)換措施、設(shè)立完備的融資風(fēng)險(xiǎn)管理部門(mén)和融資風(fēng)險(xiǎn)預(yù)警系統(tǒng)、聘請(qǐng)商業(yè)調(diào)查公司甄選股權(quán)的受讓方。
[Abstract]:The starting point of enterprise movement has been financing, and the basis of enterprise income distribution is financing. The perfect combination of financing mode can reduce the cost of capital, at the same time, when the capital of the enterprise reaches a certain scale, it can ensure the need of the enterprise investment, reasonable capital structure, but also can reduce and avoid the financing risk. At present, agricultural enterprises play an important role in the national economy of our country, especially the small and medium-sized agricultural enterprises. However, compared with their contribution to the economic development of our country, The financing scale of small and medium-sized agricultural enterprises is very asymmetric, accounting for only 20 percent of the financial resources. According to statistics, at present, most of the funds required by small and medium-sized agricultural enterprises in our country are obtained from narrow financing channels such as self-accumulation or loans to banks. Therefore, the singularity of the source structure of funds makes enterprises unable to give full play to the efficiency of the use of funds. At the same time, it increases the cost and risk of capital use. At the same time, enterprises are faced with great difficulties in equity financing or debt financing, which makes it difficult to promote the scale of enterprises and the adjustment of industrial structure. In order to make reasonable financing decisions for small and medium-sized agricultural enterprises, at the same time, to strengthen the management of funds, reduce the cost of raising funds, guard against the risk of raising funds, and so on, This paper first introduces the related concepts of enterprise financing and the main corporate financing theory, and makes an analysis and evaluation of it. Then, the paper analyzes the operating situation of HS food company and the financing brief situation of enterprises, using the western modern financing theory combined with the characteristics of our country's social and economic system, and draws the conclusion that at the present stage, exogenous financing is included. There are the following problems in the capital structure: there is no clear financing strategy, the financing behavior is not standardized, the internal financing ability of the company is insufficient, the investment is relatively tight, and according to the information provided by the enterprise, it combines with the actual situation of the enterprise. Evaluation of the designed financing scheme, that is, from the government support, commercial bank loans, venture capital funds, equity transfer financing and other external financing aspects, and combined with the enterprise itself has a certain endogenous financing capacity factors, And finally choose the best financing options. Finally, from the aspects of policy, internal management, credit, interest rate, liquidity, purchasing power, market, partner and so on, the author gives some advice to avoid financing risk: enterprises take insurance from insurance companies, set up a complete financing risk management department, Interest rate exchange measures should be selected, a complete financing risk management department and a financing risk warning system should be set up, and a commercial investigation company would be employed to select the transferee of the equity.
【學(xué)位授予單位】：廣西大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類(lèi)號(hào)】：F275;F426.82

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相關(guān)期刊論文 前1條

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本文編號(hào)：2347818