本文關(guān)鍵詞： 房地產(chǎn) 融資方式 融資策略　出處：《中南大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：房地產(chǎn)行業(yè)作為資金密集型行業(yè),融資需求大、期限長,在我國國民經(jīng)濟中發(fā)揮著重要作用,但長期以來由于受外部環(huán)境原因和自身原因影響,融資渠道單一,特別是中小房地產(chǎn)企業(yè)。近年來在一系列房地產(chǎn)融資的政策限制下,房地產(chǎn)企業(yè)的融資形勢更加嚴(yán)峻,如何拓寬融資渠道,解決資金缺口成為房地產(chǎn)企業(yè)的當(dāng)務(wù)之急。合創(chuàng)房地產(chǎn)公司作為一家處于成長階段的中型房地產(chǎn)公司,資金來源過分集中于銀行貸款,融資方式單一,這不僅增加了融資風(fēng)險,也影響其長遠(yuǎn)發(fā)展。探索合適的融資組合,并在改善傳統(tǒng)融資方式的基礎(chǔ)之上,融合創(chuàng)新型融資方式,多元化融資成為合創(chuàng)公司的未來融資方向。 合創(chuàng)公司應(yīng)該在現(xiàn)有融資理論和研究成果的基礎(chǔ)上,結(jié)合融資環(huán)境特點,試圖探討現(xiàn)階段適合合創(chuàng)房地產(chǎn)公司的非銀行融資方式,改善目前的過于單一的融資方式。當(dāng)前房地產(chǎn)企業(yè)的主要融資方式有內(nèi)源融資、銀行貸款、上市融資、發(fā)行債券、項目融資、私募股權(quán)投資、合作開發(fā)等,都各有優(yōu)點和缺點。合創(chuàng)公司目前融資的最大問題就是渠道過于單一,集中于銀行貸款,但是也存在著外部機會的內(nèi)部優(yōu)勢,所以完全具有實行非銀行融資方式的可行性。非銀行融資方式的選擇受到很多因素的影響,比如企業(yè)生命周期、項目開發(fā)階段、融資成本和效率以及自身的優(yōu)勢和劣勢等,具體如何選擇融資方式要綜合考慮以上因素,以及融資目標(biāo)和原則�；谝陨喜煌挠绊懸蛩睾湍繕�(biāo)原則,合創(chuàng)公司可以選擇的非銀行融資方式也不同,只有綜合考慮才能找出最適合合創(chuàng)的融資方式和融資組合。
[Abstract]:As a capital-intensive industry, the real estate industry has a large financing demand and a long term, which plays an important role in the national economy of our country. But for a long time, because of the external environmental reasons and its own reasons, the financing channel is single. Especially small and medium-sized real estate enterprises. In recent years, under the restrictions of a series of real estate financing policies, the financing situation of real estate enterprises has become more serious. How to broaden the financing channels, As a medium-sized real estate company in the growing stage, the source of funds is too concentrated on bank loans and the financing method is single, which not only increases the financing risk, but also increases the risk of financing. It also affects its long-term development. Exploring the appropriate financing portfolio, and on the basis of improving the traditional financing methods, combining innovative financing methods, diversified financing has become the future direction of financing. On the basis of the existing financing theories and research results and the characteristics of the financing environment, the joint venture company should try to explore the non-bank financing mode suitable for the joint venture real estate company at this stage. The main financing methods of current real estate enterprises include endogenous financing, bank loans, listing financing, bond issuance, project financing, private equity investment, cooperative development, etc. Each of them has its own advantages and disadvantages. The biggest problem with HEC's financing at present is that it has too single channels and focuses on bank loans, but it also has the internal advantages of external opportunities. Therefore, it is completely feasible to implement non-bank financing. The choice of non-bank financing is influenced by many factors, such as enterprise life cycle, project development stage, financing cost and efficiency, and its own strengths and weaknesses. Specifically, how to choose the financing mode should consider the above factors, as well as the financing objectives and principles. Based on the above different influencing factors and objective principles, the non-bank financing methods that the joint venture company can choose are also different. Only comprehensive consideration can find out the most suitable financing mode and financing portfolio.
【學(xué)位授予單位】：中南大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F299.233.42

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