本文選題：房地產(chǎn)公司 + 財務(wù)風(fēng)險�。� 參考：《沈陽農(nóng)業(yè)大學(xué)》2017年碩士論文

【摘要】：隨著我國努力建成全面小康社會的進程不斷加快,人民生活水平的不斷提高,大眾對住房的購買欲望也越來越強烈,房地產(chǎn)企業(yè)迅猛發(fā)展,使得房地產(chǎn)行業(yè)成為了我國的支柱性產(chǎn)業(yè)。但是在我國房地產(chǎn)行業(yè)起步還是比較晚的,很多房地產(chǎn)行業(yè)方面的規(guī)范和制度還不完善,同時房地產(chǎn)企業(yè)的資金投入大,回收周期長,使得房地產(chǎn)企業(yè)受經(jīng)濟趨勢變化和國家政策宏觀調(diào)控的影響很大,從而提高了房地產(chǎn)企業(yè)的財務(wù)風(fēng)險。2008年金融危機爆發(fā)以來,世界經(jīng)濟在很長一段時間都處于一個比較低迷的狀態(tài),使得整個房地產(chǎn)行業(yè)受到了很大的沖擊,尤其是中小型的房地產(chǎn)企業(yè)。很多實力較強大的房地產(chǎn)企業(yè)由于資金雄厚、經(jīng)得住風(fēng)險,逐漸成為整個行業(yè)的主力軍,并開始對中小型房地產(chǎn)企業(yè)進行并購,使得很多中小型的房地產(chǎn)企業(yè)生存困難,負債越來越多,財務(wù)風(fēng)險也越來越大。因此,本文通過對SH房地產(chǎn)公司財務(wù)風(fēng)險的識別和評價,并根據(jù)所存在的一些財務(wù)風(fēng)險問題提出一些控制措施,供其他中小型房地產(chǎn)企業(yè)借鑒和使用。本文以SH房地產(chǎn)公司為研究對象,首先從籌資風(fēng)險、投資風(fēng)險、營運資金風(fēng)險、收益分配風(fēng)險這四個方面選取一些財務(wù)指標對其財務(wù)風(fēng)險進行評估,根據(jù)評估的結(jié)果了解一下SH房地產(chǎn)公司整體的經(jīng)營狀況和財務(wù)狀況。然后從償債能力、營運能力、盈利能力和發(fā)展能力這四個方面選取備選的財務(wù)指標,利用Pearson相關(guān)性分析的方法,選出各種能力中具有代表性的財務(wù)指標,這些財務(wù)指標主要有資產(chǎn)負債率、應(yīng)收賬款周轉(zhuǎn)率、成本費用利潤率、營業(yè)收入增長率等,運用層次分析法確定選取的財務(wù)指標的權(quán)重。最后利用改進后的功效系數(shù)評價方法計算各指標的指數(shù)、各個能力組的指數(shù)和整個公司的綜合指數(shù),根據(jù)財務(wù)風(fēng)險的評價等級,對公司進行相應(yīng)的財務(wù)風(fēng)險等級評價。結(jié)合SH房地產(chǎn)公司的實際情況和評價結(jié)果,對公司存在風(fēng)險的原因進行分析,并提出相應(yīng)的財務(wù)風(fēng)險防范措施,以幫助公司可以更好的經(jīng)營和發(fā)展下去。
[Abstract]:With the accelerating process of building a well-off society in an all-round way in our country and the continuous improvement of people's living standards, the public's desire to purchase housing is becoming stronger and stronger, and the real estate enterprises are developing rapidly. The real estate industry has become a pillar industry in China. However, the real estate industry in our country started relatively late. Many norms and systems in the real estate industry are still not perfect. At the same time, the real estate enterprises have a large capital investment and a long recovery period. The real estate enterprises have been greatly affected by the changes in economic trends and the macro-control of state policies, thus raising the financial risks of real estate enterprises. Since the outbreak of the financial crisis in 2008, The world economy has been in a relatively depressed state for a long time, which makes the whole real estate industry suffer a great impact, especially the small and medium-sized real estate enterprises. Many powerful real estate enterprises have become the main force of the whole industry because of their strong funds and stand the risks, and they have begun to merge small and medium-sized real estate enterprises, which makes it difficult for many small and medium-sized real estate enterprises to survive. More and more debt, financial risk is also increasing. Therefore, this article through the SH real estate company financial risk identification and evaluation, and according to the existence of some financial risk problems put forward some control measures for other small and medium-sized real estate enterprises for reference and use. In this paper, SH real estate company as the research object, first of all from the financing risk, investment risk, working capital risk, income allocation risk, select some financial indicators to evaluate its financial risk. According to the results of the evaluation to understand SH real estate company's overall operating and financial situation. Then select alternative financial indicators from four aspects of solvency, operating ability, profitability and development ability, and select representative financial indicators of various capabilities by using the method of Pearson correlation analysis. These financial indexes mainly include asset-liability ratio, turnover ratio of accounts receivable, profit rate of cost and expense, growth rate of operating income and so on. The weight of the selected financial index is determined by analytic hierarchy process (AHP). Finally, the index of each index, the index of each ability group and the comprehensive index of the whole company are calculated by the improved efficiency coefficient evaluation method, and the corresponding financial risk grade is evaluated according to the evaluation grade of financial risk. Combined with the actual situation and evaluation results of SH real estate company, this paper analyzes the causes of the company's risk, and puts forward the corresponding financial risk prevention measures to help the company to operate and develop better.
【學(xué)位授予單位】：沈陽農(nóng)業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F299.233.42
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本文編號：1981828