A高科技中小企業(yè)在新三板掛牌融資的研究
本文選題:高科技中小企業(yè) + 新三板; 參考:《吉林財(cái)經(jīng)大學(xué)》2017年碩士論文
【摘要】:高科技中小企業(yè)是我國目前以知識經(jīng)濟(jì)為主導(dǎo)發(fā)展的重要力量,在當(dāng)下的經(jīng)濟(jì)發(fā)展過程中這些企業(yè)有著不容小視的位置。由于高科技中小企業(yè)存在與生俱來的三個特點(diǎn)即高風(fēng)險、高收益和高成長性,這些特點(diǎn)嚴(yán)重制約了他們進(jìn)行融資的腳步,從而影響企業(yè)的快速發(fā)展。經(jīng)過研究調(diào)查,掛牌新三板是高科技中小企業(yè)解決資金短缺的一個很好的方式,近幾年掛牌新三板的高科技中小企業(yè)越來越多,也得到了很好的發(fā)展。本文的研究給高科技中小企業(yè)提供了一個比較適合它的融資方式,促進(jìn)了高科技中小企業(yè)的發(fā)展,從而帶動國家經(jīng)濟(jì)的發(fā)展,所以本課題的研究是具有很高的價值。本文選取的案例是生物醫(yī)藥的一個高科技中小企業(yè),隨著我國老齡化人口的急劇增加,生活環(huán)境日益惡化,我們自身的健康狀況引起了足夠的重視,并且近幾年國家多次在重大會議中將醫(yī)藥方面的問題作為議題進(jìn)行討論,生物醫(yī)藥行業(yè)是國家比較重視的行業(yè)之一,所以本文的案例對象我選擇了生物醫(yī)藥。將A公司運(yùn)用于本文具有很好的代表性,因?yàn)锳公司通過在新三板掛牌由一個“三少企業(yè)”做大做強(qiáng),是新三板掛牌企業(yè)的明星公司。目前A公司是國家863重點(diǎn)項(xiàng)目的高科技中小企業(yè)之一,是北京重點(diǎn)培養(yǎng)的技術(shù)開發(fā)機(jī)構(gòu)和技術(shù)研究中心,它具備了強(qiáng)有力的科研團(tuán)隊(duì)和國家的支持,曾經(jīng)榮獲清科“中國最具投資價值企業(yè)50強(qiáng)”,并在2014年評選的新三板最具發(fā)展?jié)摿Κ勚蝎@獎。本文通過對A公司的分析來說明高科技中小企業(yè)與新三板市場的結(jié)合是一個有效的融資方式。通過分析A公司的簡介、組織結(jié)構(gòu)、股權(quán)結(jié)構(gòu)還有掛牌新三板的背景以及A公司的財(cái)務(wù)狀況,可知A公司急需融資,但是又很難在銀行獲得借款,在新三板掛牌之后共融資10203.2萬元,成為了圈子里的明星公司。本文分析了A公司掛牌新三板的優(yōu)勢如規(guī)范了A公司的制度,提高了A公司的融資能力,提高了A公司的股權(quán)價值,以及為A公司以后的轉(zhuǎn)板做了鋪墊。同時在融資過程中存在的財(cái)務(wù)風(fēng)險、融資風(fēng)險意識有待加強(qiáng)及增加了A公司的成本費(fèi)用的三種問題,并且根據(jù)問題提出有效的建議,即健全財(cái)務(wù)部門職能,完善企業(yè)財(cái)務(wù)制度做好融資規(guī)劃;加強(qiáng)與成功企業(yè)合作,有效控制支出,拓展更多融資方式;運(yùn)用股權(quán)激勵,留住人才,增強(qiáng)企業(yè)競爭力。
[Abstract]:High-tech small and medium-sized enterprises are an important force leading the development of knowledge economy in our country at present. In the current economic development process, these enterprises have a position that can not be underestimated. Due to the inherent three characteristics of high-tech SMEs, namely, high risk, high income and high growth, these characteristics seriously restrict the pace of their financing, thus affecting the rapid development of enterprises. Through research and investigation, listing the new third board is a good way for high-tech SMEs to solve the shortage of funds. In recent years, there are more and more high-tech SMEs listed on the new third board, and they have also got very good development. The research in this paper provides a more suitable financing method for high-tech SMEs, promotes the development of high-tech SMEs, and promotes the development of national economy, so the research of this topic is of high value. The case selected in this paper is a high-tech small and medium-sized enterprise in biomedicine. With the rapid increase of aging population and the worsening living environment in China, our own health status has attracted enough attention. And in recent years, the country has discussed the issue of medicine many times in major conferences, the biomedical industry is one of the industries that the country pays more attention to, so the case object of this paper I chose biomedicine. The application of company A in this paper is very representative, because company A is the star company of the new three boards listed by a "three small enterprises". At present, company A is one of the high-tech small and medium-sized enterprises in the national 863 key projects. It is a key technology development institution and technology research center in Beijing. It has a strong scientific research team and the support of the state. Has won the Qing Keke "China's top 50 most investment value enterprises", and in 2014 in the new three board most development potential award award. Through the analysis of company A, this paper shows that the combination of high-tech small and medium-sized enterprises and the new third board market is an effective way of financing. By analyzing company A's brief introduction, organizational structure, equity structure and the background of the listing of the new third board, as well as the financial situation of company A, we can see that company A is in urgent need of financing, but it is very difficult to obtain loans from banks. In the new three-board listing after a total of 102.032 million yuan, became the circle of the star company. This paper analyzes the advantages of A company listing new third board, such as standardizing A company's system, improving A company's financing ability, raising A company's equity value, and paving the way for A company's later transfer board. At the same time, in the process of financing the financial risk, the awareness of financing risk needs to be strengthened and increased the cost and expenses of company A three kinds of problems, and put forward effective suggestions according to the problem, that is, improve the function of finance department. Improve the financial system of enterprises to do a good job of financing planning; strengthen cooperation with successful enterprises, effectively control expenditure, expand more ways of financing; use equity incentives, retain talent, enhance the competitiveness of enterprises.
【學(xué)位授予單位】:吉林財(cái)經(jīng)大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2017
【分類號】:F426.72;F832.51
【參考文獻(xiàn)】
相關(guān)期刊論文 前10條
1 常曉年;;促進(jìn)科技型中小企業(yè)健康發(fā)展[J];北京觀察;2016年01期
2 錢宇丹;尹奎杰;;知識產(chǎn)權(quán)擔(dān)保融資制度探究——以科技型中小企業(yè)為例[J];學(xué)術(shù)交流;2015年12期
3 呂勁松;;關(guān)于中小企業(yè)融資難、融資貴問題的思考[J];金融研究;2015年11期
4 林樂芬;唐崢;;中小企業(yè)新三板市場融資現(xiàn)狀與績效分析——以“三省一市”694家中小企業(yè)為例[J];河北經(jīng)貿(mào)大學(xué)學(xué)報(bào);2015年06期
5 柳曉丹;;中國上市公司融資偏好問題研究[J];現(xiàn)代經(jīng)濟(jì)信息;2015年20期
6 王飛;;新三板主要問題及展望研究[J];商;2015年20期
7 沈?yàn)?王欣蘭;;高科技中小企業(yè)融資風(fēng)險管理研究[J];商場現(xiàn)代化;2015年10期
8 臺祥梅;;對中小企業(yè)新三板上市利與弊的探討[J];財(cái)經(jīng)界(學(xué)術(shù)版);2015年02期
9 胡元木;紀(jì)端;;創(chuàng)業(yè)板上市公司“融資偏好實(shí)現(xiàn)度”研究——基于融資優(yōu)序理論對融資行為解析的新視角[J];山東社會科學(xué);2014年06期
10 李思揚(yáng);王欣蘭;;高科技中小企業(yè)融資風(fēng)險管理研究[J];商場現(xiàn)代化;2014年04期
相關(guān)碩士學(xué)位論文 前6條
1 孫軍凱;新三板中小企業(yè)定向增發(fā)融資研究[D];首都經(jīng)濟(jì)貿(mào)易大學(xué);2016年
2 盧秋Y,
本文編號:1852771
本文鏈接:http://sikaile.net/jingjilunwen/huobiyinxinglunwen/1852771.html