【摘要】：資金鏈的安全與否與財務(wù)管理目標(biāo)的實現(xiàn)是緊密關(guān)聯(lián)的,是企業(yè)經(jīng)營風(fēng)險和財務(wù)風(fēng)險的一部分,涉及企業(yè)的生存問題,防范企業(yè)資金鏈斷裂風(fēng)險已變成了一個非常緊迫的理論和現(xiàn)實問題。論文選取HD集團資金鏈風(fēng)險管理作為研究對象,在資本循環(huán)和資本周轉(zhuǎn)及財務(wù)共享理論的基礎(chǔ)上提出了優(yōu)化HD集團資金鏈風(fēng)險管理的方案。論文首先對HD集團的部分財務(wù)指標(biāo)和資金鏈風(fēng)險的傳導(dǎo)機制進行分析,闡述HD集團各個階段資金鏈風(fēng)險的表現(xiàn),,運用PEST分析法和案例分析法對HD集團資金鏈斷裂的宏觀因素、中觀因素及微觀因素進行分析,研究發(fā)現(xiàn)HD集團資金鏈斷裂的原因不僅有政策不完善、經(jīng)濟不景氣、社會資本不足、科技投入不夠、行業(yè)競爭激烈、經(jīng)營成本增加等外部因素,還有盲目投資、籌資策略激進、盲目民間借貸、長期高負(fù)債經(jīng)營、產(chǎn)品核心競爭力不足、內(nèi)控機制不完善等內(nèi)部因素。論文基于HD集團資金鏈斷裂的原因,運用資本循環(huán)和資本周轉(zhuǎn)理論提出了資金鏈風(fēng)險管理的優(yōu)化方案,提出了從財務(wù)共享管理、風(fēng)險預(yù)警體系、風(fēng)險識別與評估、現(xiàn)金流管理等四個方面構(gòu)建資金鏈風(fēng)險控制體系;從公司治理制度、內(nèi)部控制制度、內(nèi)部審計制度、內(nèi)部財務(wù)控制、對子公司的授權(quán)控制、內(nèi)部關(guān)聯(lián)方交易行為的監(jiān)管等六個方面制定企業(yè)的內(nèi)部管理制度,從擴張、融資、營銷、信用政策等四個方面確定戰(zhàn)略的選擇原則。最后,為了保障HD資金鏈風(fēng)險管理方案的有效實施,論文明確了方案的實施步驟和保障措施。論文通過資金鏈風(fēng)險管理優(yōu)化方案的研究,可以為企業(yè)加強風(fēng)險意識、防范資金鏈斷裂、建立高效資金鏈風(fēng)險管理體制提供經(jīng)驗借鑒;可以為市場健康、持續(xù)、穩(wěn)定的發(fā)展提供參考依據(jù),具有重要的實際指導(dǎo)意義和現(xiàn)實意義。
[Abstract]:The safety of the capital chain is closely related to the realization of the financial management goal, and it is a part of the business risk and financial risk, which involves the survival of the enterprise. Preventing the risk of enterprise capital chain break has become a very urgent theoretical and practical problem. Based on the theory of capital circulation and capital turnover and financial sharing, this paper proposes a scheme to optimize the risk management of HD group's capital chain. Firstly, this paper analyzes some financial indexes of HD group and the transmission mechanism of capital chain risk, expounds the performance of capital chain risk in each stage of HD group, and uses PEST analysis and case analysis to analyze the macro factors of the breakage of fund chain in HD group. Based on the analysis of the meso-factors and micro-factors, it is found that the reasons for the breakage of the fund chain of HD Group are not only the imperfect policy, the economic depression, the insufficient social capital, the insufficient investment in science and technology, the fierce competition in the industry, the increase of the operating cost, and other external factors. There are also some internal factors, such as blind investment, radical financing strategy, blind private lending, long-term high debt management, insufficient core competitiveness of products, imperfect internal control mechanism, and so on. Based on the reasons of the breakage of the capital chain in HD Group, the paper puts forward the optimization scheme of risk management of the capital chain by using the theory of capital circulation and capital turnover, and puts forward the following aspects: financial sharing management, risk warning system, risk identification and evaluation. From the aspects of corporate governance system, internal control system, internal audit system, internal financial control system, the authorized control of subsidiary companies, cash flow management and other four aspects of the risk control system of capital chain, including corporate governance system, internal control system, internal audit system, internal financial control, The internal management system of the enterprise is formulated from six aspects of the supervision of the transaction behavior of the internal related party, and the selection principles of the strategy are determined from four aspects: expansion, financing, marketing and credit policy. Finally, in order to ensure the effective implementation of HD fund chain risk management scheme, the paper clarifies the implementation steps and safeguard measures. Through the study of the optimization scheme of risk management of capital chain, this paper can provide experience for enterprises to strengthen risk awareness, prevent fund chain breakage, and establish efficient risk management system of capital chain, which can be healthy and sustainable for the market. The steady development provides the reference basis, has the important practical guiding significance and the realistic significance.
【學(xué)位授予單位】：湘潭大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2015
【分類號】：F275

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相關(guān)期刊論文 前1條

1 王江;“資金鏈”斷裂:理論解析與啟示[J];山東社會科學(xué);2005年07期

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本文編號：2226149