【摘要】：當(dāng)前我國(guó)的公路上市公司普遍經(jīng)營(yíng)狀況良好，但是隨著國(guó)家收費(fèi)公路政策的持續(xù)調(diào)整，以及公路收費(fèi)期限臨近引致的產(chǎn)業(yè)轉(zhuǎn)型和投資多元化，部分公路上市公司的凈資產(chǎn)收益率下降，資產(chǎn)負(fù)債率持續(xù)攀升，財(cái)務(wù)風(fēng)險(xiǎn)問(wèn)題日益凸顯。公路上市公司作為自主經(jīng)營(yíng)、自負(fù)盈虧、自擔(dān)風(fēng)險(xiǎn)的市場(chǎng)主體，應(yīng)當(dāng)正確評(píng)估、分析當(dāng)前以及未來(lái)面臨的各項(xiàng)財(cái)務(wù)風(fēng)險(xiǎn)，研究財(cái)務(wù)風(fēng)險(xiǎn)控制的對(duì)策及具體措施，以達(dá)到公司健康、可持續(xù)發(fā)展的目的。 因此，本文運(yùn)用委托代理理論、控制論、內(nèi)部控制理論的思想和方法，對(duì)公路上市公司財(cái)務(wù)風(fēng)險(xiǎn)分析與控制問(wèn)題進(jìn)行研究。文章首先歸納分析了國(guó)內(nèi)外有關(guān)公路上市公司財(cái)務(wù)風(fēng)險(xiǎn)分析與控制的理論與實(shí)踐成果，闡述了本文研究的理論基礎(chǔ)以及財(cái)務(wù)風(fēng)險(xiǎn)的傳導(dǎo)機(jī)理。其次，結(jié)合我國(guó)公路上市公司的經(jīng)營(yíng)特點(diǎn)和財(cái)務(wù)風(fēng)險(xiǎn)傳導(dǎo)機(jī)理，選取了19家公路上市公司近三年的年報(bào)數(shù)據(jù)，利用Z計(jì)分模型以及相關(guān)財(cái)務(wù)指標(biāo)數(shù)據(jù)對(duì)公路上市公司財(cái)務(wù)風(fēng)險(xiǎn)總體現(xiàn)狀及具體表現(xiàn)進(jìn)行歸納總結(jié)，，并運(yùn)用相關(guān)理論從外部和內(nèi)部?jī)蓚�(gè)角度對(duì)公路上市公司財(cái)務(wù)風(fēng)險(xiǎn)的成因進(jìn)行了全面剖析。最后，結(jié)合企業(yè)風(fēng)險(xiǎn)管理框架從控制環(huán)境、風(fēng)險(xiǎn)評(píng)估、控制活、信息溝通以及監(jiān)控等方面提出了公路上市公司財(cái)務(wù)風(fēng)險(xiǎn)控制對(duì)策及建議，其中運(yùn)用因子分析法優(yōu)化公路上市公司財(cái)務(wù)風(fēng)險(xiǎn)評(píng)價(jià)模型是重點(diǎn)。本文旨在為公路上市公司財(cái)務(wù)風(fēng)險(xiǎn)分析與控制提供合理化的建議。
[Abstract]:At present, the listed highway companies in our country are generally in good operating conditions. However, with the continuous adjustment of the national toll road policy and the industrial transformation and diversification of investment caused by the approaching highway toll collection period, The return on net assets of some highway listed companies has declined, the ratio of assets and liabilities has continued to climb, and the financial risk problem has become increasingly prominent. As the main body of the market in which highway listed companies operate independently, be responsible for their own profits and losses and bear their own risks, they should correctly assess and analyze the various financial risks faced by them at present and in the future, and study the countermeasures and specific measures for controlling financial risks. In order to achieve the company's health, sustainable development. Therefore, this article uses the principal-agent theory, the cybernetics, the internal control theory thought and the method, carries on the research to the highway listed company financial risk analysis and the control question. Firstly, the paper summarizes and analyzes the theoretical and practical results of financial risk analysis and control of highway listed companies at home and abroad, and expounds the theoretical basis of this study and the transmission mechanism of financial risks. Secondly, according to the management characteristics and financial risk transmission mechanism of highway listed companies in China, the annual report data of 19 highway listed companies in the past three years are selected. By using Z scoring model and related financial index data, the paper sums up the overall situation and concrete performance of the financial risk of highway listed companies. The causes of financial risk of highway listed companies are analyzed from the external and internal perspectives by using relevant theories. Finally, combined with the enterprise risk management framework, the paper puts forward some countermeasures and suggestions for the financial risk control of highway listed companies from the aspects of control environment, risk assessment, control activity, information communication and monitoring, etc. It is important to optimize the financial risk evaluation model of highway listed companies by factor analysis. The purpose of this paper is to provide reasonable suggestions for financial risk analysis and control of highway listed companies.
【學(xué)位授予單位】：長(zhǎng)安大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類(lèi)號(hào)】：F542.6;F275

【引證文獻(xiàn)】

相關(guān)博士學(xué)位論文 前1條

1 高毅;中國(guó)農(nóng)業(yè)上市公司財(cái)務(wù)風(fēng)險(xiǎn)形成機(jī)理和控制研究[D];西南大學(xué);2010年

本文編號(hào)：2295434