M公司創(chuàng)業(yè)板融資方案研究
本文選題:創(chuàng)業(yè)板 + 上市; 參考:《西北大學(xué)》2012年碩士論文
【摘要】:中小企業(yè)是我國(guó)經(jīng)濟(jì)發(fā)展的重要組成部分,然而,中小企業(yè)的發(fā)展總是遇到資金不足的問題。本文的研究對(duì)象M公司就是一家生產(chǎn)炭/炭復(fù)合材料制品的中小型科技企業(yè),目前最大的問題是產(chǎn)能偏小,不能滿足市場(chǎng)需求。為此,M公司決定投資新項(xiàng)目以擴(kuò)大生產(chǎn)規(guī)模。然而,資金嚴(yán)重短缺和融資模式單一成了困擾M公司的最大問題。 本文以融資理論和公司估值理論為基礎(chǔ),主要采用定性與定量相結(jié)合的研究方法。首先從M公司的發(fā)展現(xiàn)狀入手,通過全面的分析,得出結(jié)論,即困擾中小型企業(yè)普遍性的問題—資金短缺也是M公司目前最大的難題。其次,立足于M公司融資需求和財(cái)務(wù)情況,結(jié)合我國(guó)創(chuàng)業(yè)板上市標(biāo)準(zhǔn)對(duì)M公司進(jìn)行了對(duì)比分析,得出了M公司選擇創(chuàng)業(yè)板上市融資具有可行性的結(jié)論。再次,本文抓住企業(yè)上市過程中的關(guān)鍵環(huán)節(jié),為M公司設(shè)計(jì)了切實(shí)可行的改制方案、管理層激勵(lì)方案以及IPO方案,最后,針對(duì)該融資方案提出了實(shí)施的保障措施。 本文的主要貢獻(xiàn)和創(chuàng)新在于,圍繞M公司創(chuàng)業(yè)板上市的目標(biāo),進(jìn)行了融資方案的系統(tǒng)性設(shè)計(jì),并根據(jù)當(dāng)前中小企業(yè)存在的一些共性問題和熱點(diǎn)問題,如融資方式、管理層激勵(lì)作了探索和研究,有一定的現(xiàn)實(shí)意義和參考作用。同時(shí)將創(chuàng)業(yè)板上市標(biāo)準(zhǔn)、相關(guān)統(tǒng)計(jì)資料、方案執(zhí)行路徑做了大量的研究和分析,給打算在創(chuàng)業(yè)板上市的企業(yè)一份明確的上市指南。
[Abstract]:Small and medium-sized enterprises are an important part of our country's economic development. However, the development of small and medium-sized enterprises is always met with the problem of lack of funds. M Company is a small and medium-sized technology enterprise which produces carbon / carbon composite products. At present, the biggest problem is that the production capacity is too small to meet the market demand. To this end, M company decided to invest in new projects to expand the scale of production. However, the severe shortage of funds and a single financing model have become the biggest problem for M. Based on financing theory and corporate valuation theory, this paper mainly adopts qualitative and quantitative research methods. First of all, starting from the development of M Company, through a comprehensive analysis, the conclusion is drawn, that is to say, the capital shortage is also the biggest problem of M Company at present, which puzzles the universality of small and medium-sized enterprises. Secondly, based on the financing needs and financial situation of M Company, combining with the gem listing standards of our country, this paper makes a comparative analysis of M Company, and draws the conclusion that it is feasible for M Company to choose gem listing financing. Thirdly, this paper grasps the key link in the process of enterprise listing, designs feasible reform scheme, management incentive scheme and IPO scheme for M Company. Finally, the paper puts forward the implementation safeguard measures for the financing scheme. The main contribution and innovation of this paper lies in the systematic design of financing scheme around the target of M company's gem listing, and according to some common problems and hot issues existing in SMEs, such as financing methods. The management incentive has made the exploration and the research, has the certain realistic significance and the reference function. At the same time, we will do a lot of research and analysis on the gem listing standards, related statistical data and the implementation path of the program, and give a clear listing guide to the enterprises that intend to list on the gem.
【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】:2012
【分類號(hào)】:F276.3;F832.51
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