【摘要】：我國地方政府融資平臺為促進城市基礎設施建設和公用事業(yè)發(fā)展籌集資金發(fā)揮了積極的作用。2008年11月,為應對國際金融危機,我國政府實施了積極的財政政策,地方政府融資平臺得到了較大發(fā)展,為保增長、擴內需、調結構、促民生,以及迅速扭轉經濟下滑趨勢發(fā)揮了重要作用。然而在其高速發(fā)展的同時,也出現(xiàn)了平臺債務規(guī)模增長過快、運作不夠規(guī)范、債務風險激增等問題。為有效防范財政金融風險,保持經濟持續(xù)健康發(fā)展和社會穩(wěn)定,加強對地方政府融資平臺的債務風險進行研究和治理已經成為一項緊迫的任務。論文旨在通過調查和整理相關數(shù)據,對當前地方政府融資平臺的債務規(guī)模、債務結構及債務風險狀況有一個更加清晰、明確的認識。建立評估地方政府融資平臺債務運行狀態(tài)的指標體系和測評模型,運用統(tǒng)計分析方法對當前地方政府融資平臺蘊藏的債務風險做出客觀的實證性評估,以實證分析結果為依據,完成對地方政府融資平臺債務風險的預警,從多維的角度對其深刻成因進行深入剖析。提出近期以控制風險爆發(fā)為重點,遠期以制度建設為主,對地方政府融資平臺債務風險進行治理。本研究對地方政府投融資平臺債務風險的度量與控制有一定的參考價值,有助于政府盡快出臺風險治理措施,有效防范和解決地方政府投融資平臺的債務風險問題。研究的創(chuàng)新之處主要體現(xiàn)在以下兩個方面：第一,充分利用金融市場公開數(shù)據,從地方政府融資平臺融資渠道的角度入手,對融資平臺的債務結構及其風險特點進行了深入研究,并對債務規(guī)模進行了較為科學、可信的估算,能夠更真實、準確地反映地方政府融資平臺債務風險的現(xiàn)實狀況和發(fā)展趨勢。第二,充分利用債券市場公開文件,對地方政府融資平臺的經營特點、投資項目、與地方政府的關系、償債資金來源等與債務風險密切相關的重要內容進行了實證研究。
[Abstract]:The local government financing platform of our country has played an active role in raising funds for promoting the construction of urban infrastructure and the development of public utilities. In November 2008, in response to the international financial crisis, our government implemented an active fiscal policy. The local government financing platform has been greatly developed, which plays an important role in maintaining growth, expanding domestic demand, adjusting structure, promoting people's livelihood, and rapidly reversing the downward trend of the economy. However, with the rapid development of the platform debt, the scale of platform debt increases too fast, the operation is not standardized, and the debt risk surges. In order to effectively prevent financial and financial risks, maintain sustainable and healthy economic development and social stability, strengthen the research and management of debt risk of local government financing platform has become an urgent task. The purpose of this paper is to make a clear and clear understanding of the debt scale, debt structure and debt risk of the local government financing platform through the investigation and collation of relevant data. This paper establishes an index system and an evaluation model to evaluate the operating state of local government financing platform debt, and makes an objective and empirical evaluation of the debt risk of the current local government financing platform by using the statistical analysis method, which is based on the results of the empirical analysis. This paper analyzes the causes of debt risk of local government financing platform from the perspective of multidimensional analysis. It is proposed that the key point is to control the risk outbreak in the near future, and the system construction should be the main part in the long run to deal with the debt risk of the local government financing platform. This research has certain reference value to the local government investment and financing platform debt risk measurement and control, and helps the government to issue the risk management measures as soon as possible, and effectively prevent and solve the local government investment and financing platform debt risk problem. The innovation of the research is mainly reflected in the following two aspects: first, make full use of financial market open data, from the perspective of financing channels of local government financing platform, The debt structure and risk characteristics of the financing platform are deeply studied, and the scale of the debt is estimated scientifically and reliably, which can be more true. Accurately reflect the local government financing platform debt risk situation and development trend. Secondly, the paper makes full use of the open documents of the bond market to make an empirical study on the operating characteristics of the local government financing platform, the investment project, the relationship between the local government and the local government, and the sources of debt repayment funds, which are closely related to the debt risk.
【學位授予單位】：天津財經大學
【學位級別】：博士
【學位授予年份】：2013
【分類號】：F812.5

【參考文獻】

相關期刊論文 前10條

1 宋艷;;如何加強政府融資平臺類客戶評級授信管理[J];農業(yè)發(fā)展與金融;2013年02期

2 張平;;后土地財政時代我國地方政府償債問題研究[J];當代財經;2013年01期

3 王亞芬;;遼寧省地方政府債務問題成因與防范對策[J];北方經貿;2013年01期

4 張亮;;政府融資平臺的經濟效應與風險防范[J];商業(yè)研究;2013年01期

5 文照明;;完善地方政府投融資平臺建設的思考[J];宏觀經濟管理;2013年01期

6 劉洪濤;原毅軍;朱炎;;地方政府平臺債務風險及對策建議[J];改革與戰(zhàn)略;2012年12期

7 武彥民;張麗恒;;我國地方政府融資平臺債務風險的現(xiàn)狀與治理研究[J];青海社會科學;2012年06期

8 吳愛民;;我國地方政府融資平臺現(xiàn)狀及對策研究[J];中國證券期貨;2012年09期

9 陳少暉;朱珍;;分級所有:中央與地方國有資產產權結構的優(yōu)化選擇[J];行政事業(yè)資產與財務;2012年17期

10 王國剛;;關于“地方政府融資平臺債務”的冷思考[J];財貿經濟;2012年09期

相關博士學位論文 前3條

1 楊波;地方政府融資及其風險分擔機制研究[D];財政部財政科學研究所;2011年

2 黃芳娜;中國地方政府債務管理研究[D];財政部財政科學研究所;2011年

3 周青;地方政府投融資平臺風險管理與度量研究[D];重慶大學;2011年

，

本文編號：2349168