本文關(guān)鍵詞：影子銀行對我國中小房地產(chǎn)企業(yè)融資的影響　出處：《陜西師范大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 影子銀行體系 中小房地產(chǎn)企業(yè)融資 層次分析法 可持續(xù)發(fā)展

【摘要】：全球金融自由化程度越來越高,伴隨而來的是影子銀行體系發(fā)展和逐漸膨脹。現(xiàn)代金融體系涵蓋著各類具有創(chuàng)新、復(fù)雜的金融功能的機(jī)構(gòu)、工具,影子銀行作為其重要組成部分,對現(xiàn)有的金融體系結(jié)構(gòu)有著深度的影響,它的發(fā)展影響整個金融體系的穩(wěn)定。影子銀行在發(fā)達(dá)體中的融資規(guī)模超過了傳統(tǒng)銀行體系,其結(jié)構(gòu)復(fù)雜,高度關(guān)聯(lián),單獨(dú)或共同組成信用鏈條行使銀行的主要職能,這些影子銀行體系的金融機(jī)構(gòu)或者工具表現(xiàn)形式多樣、作用機(jī)制變化多端,杠桿率高、運(yùn)作隱蔽且大都游離于貨幣當(dāng)局和監(jiān)管當(dāng)局視野之外。上述這些特點(diǎn)也導(dǎo)致了較普遍的觀點(diǎn)認(rèn)為影子銀行是金融危機(jī)爆發(fā)和近年內(nèi)貨幣政策日見失效的根源,再加之監(jiān)管不到位成為其風(fēng)險影響程度的放大器。 房地產(chǎn)行業(yè)的發(fā)展至關(guān)重要的是資金,對于中小房地產(chǎn)企業(yè)來說,控制成本,拓展融資渠道是解決發(fā)展問題的根本。2014年是我國房地產(chǎn)企業(yè)再融資的開閘之年,中小房地產(chǎn)企業(yè)的融資需求進(jìn)一步增加,難度也進(jìn)一步提高,如何在保證房地產(chǎn)業(yè)健康穩(wěn)定發(fā)展的情況下,讓中小房地產(chǎn)企業(yè)有更為良好地生存空間和更多元化的融資渠道,有必要進(jìn)行深入的研究和探析。 中小房地產(chǎn)企業(yè)一方面可以在一定程度上防止大型房地產(chǎn)企業(yè)形成行業(yè)壟斷局面,改進(jìn)房地產(chǎn)行業(yè)的競爭機(jī)制以及完善房地產(chǎn)行業(yè)相關(guān)法律及規(guī)定。另一方面,中小房地產(chǎn)企業(yè)由于缺乏融資實(shí)力、業(yè)務(wù)發(fā)展能力以及政策上的缺失等方面的限制,使得中小房地產(chǎn)企業(yè)特別是民營企業(yè)在資金上的阻礙越來越大。 綜上,受世界范圍的金融風(fēng)波影響,我國的影子銀行體系是如何存在的以及有何利弊?我國中小房地產(chǎn)企業(yè)的融資困境是怎么形成的?中國影子銀行體系對中小房地產(chǎn)企業(yè)的融資會造成什么影響、起到什么作用?如何改革我國影子銀行監(jiān)管制度、推進(jìn)對中小房地產(chǎn)企業(yè)融資產(chǎn)生的積極意義?本文的研究思路從上述四個問題展開,著眼于中國影子銀行與我國中小房地產(chǎn)企業(yè)融資的關(guān)系以及產(chǎn)生的影響和意義,最后通過監(jiān)管制度的完善層面提出影子銀行對我國中小房地產(chǎn)企業(yè)融資的指導(dǎo)建議。 本文遵循提出問題、分析問題、解決問題的研究路線展開分析。以文獻(xiàn)綜述和理論基礎(chǔ)作為研究的理論背景,利用AHP模型實(shí)證檢驗(yàn)影子銀行對我國中小房地產(chǎn)企業(yè)融資的影響因素作為對理論的驗(yàn)證,具體操作是對傳統(tǒng)的SWOT方法進(jìn)行改進(jìn),改變以往單一的定性分析,建立了關(guān)于中小房地產(chǎn)企業(yè)融資影響因素的層次分析模型,具體量化影子銀行的發(fā)展趨勢和影響結(jié)果,并根據(jù)SWOT方法定性概括企業(yè)內(nèi)外部環(huán)境以及AHP模型量化的影響因素比例我們得出：中小房地產(chǎn)企業(yè)根據(jù)影子銀行體系中各融資方式的特點(diǎn),在企業(yè)發(fā)展的不同時期和不同需求的情況下,靈活選擇和運(yùn)用各種融資方式,用企業(yè)自身優(yōu)勢和國家宏觀調(diào)整政策機(jī)遇彌補(bǔ)中小房地產(chǎn)企業(yè)不足于大型房地產(chǎn)企業(yè)的劣勢,從而降低企業(yè)成本、資金風(fēng)險實(shí)現(xiàn)企業(yè)的可持續(xù)發(fā)展。
[Abstract]:The global financial liberalization degree more and more high, is accompanied by the development of the shadow banking system and the gradual expansion of the modern financial system. Covering with all kinds of complicated financial innovation, function mechanism, tools, shadow banking as its important part, has a deeper effect on the financial system of the existing structure of the financial system the stability of its development. The shadow banking in developed in the scale of financing than the traditional banking system, its structure is complex, highly correlated, alone or together to exercise the main functions of bank credit chain, financial institutions, the shadow banking system or tool forms, mechanism of high leverage, be the most changeful, covert operation and mostly free from the monetary authorities and regulators of sight. These characteristics also led to a widespread belief that shadow banking is the financial crisis and In recent years, monetary policy is the root of failure, and the regulation is not in place as the degree of risk. Amplifier
Crucial to the development of the real estate industry is capital, cost control for small and medium-sized real estate enterprises, expand financing channels is a fundamental solution to the problem of development of.2014 in our country real estate enterprises refinancing gate of the year, small and medium-sized real estate enterprises financing needs further increases, the difficulty is further improved, how to ensure the real situation to the healthy and steady development of industry, so that small and medium-sized real estate enterprises have a good living space and more diversified financing channels, it is necessary to in-depth research and analysis.
On the one hand, small and medium-sized real estate enterprises can prevent the formation of monopolization of large real estate enterprises to a certain extent, the competition mechanism to improve the real estate industry and the improvement of the real estate industry related laws and regulations. On the other hand, the small and medium-sized real estate enterprises because of the lack of financial strength, business development ability and the lack of policy restrictions. The small and medium-sized real estate enterprises especially private enterprises hinder more and more. In the capital
In summary, by the global financial turmoil, China's shadow banking system is how to exist and what are the advantages and disadvantages? Financing difficulties of small and medium sized real estate enterprises is formed? China shadow banking system of small and medium-sized real estate enterprise financing will cause what effect, what effect to have? How to reform the supervision system China's shadow banking, to promote the positive significance of financing of small and medium-sized real estate enterprises? This paper start from the above four problems, focus on the impact on the relationship between Chinese and shadow banking of China's small and medium-sized real estate enterprise financing and the emergence and significance, finally through the improvement of the supervision system puts forward the shadow banking financing to me small and medium-sized real estate enterprises guidance and advice.
This follows the questions, analyze problems, solve the problem of route are analyzed. By literature review and theoretical basis as the theoretical background of the research, by using the AHP model empirical test on China's shadow banking financing of small and medium-sized real estate enterprises as the verification of the theory of factors, the specific operation is to improve the original SWOT method. Change the traditional single qualitative analysis, analysis model is established on the level of the influence factors of the financing of small and medium-sized real estate enterprises, the development trend of the shadow banking and quantify the effect, and according to the SWOT method of qualitative summary of the internal and external environment and the influence of AHP model to quantify the factors that the proportion of small and medium-sized real estate enterprises according to the characteristics of the financing way of the shadow in the banking system, in different stages of enterprise development and the needs of different situations, select and use a variety of flexible financing methods, use the The company's own advantages and national macro adjustment policy opportunities make up for the disadvantages of small and medium-sized real estate enterprises which are less than large scale real estate enterprises, so as to reduce business costs and capital risks and achieve sustainable development of enterprises.

【學(xué)位授予單位】：陜西師范大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F299.233.42;F832.39

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