本文選題：粵電財務(wù)公司　切入點(diǎn)：流動性風(fēng)險　出處：《華南理工大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：企業(yè)集團(tuán)的發(fā)展離不開金融的支持，金融的發(fā)展以企業(yè)的發(fā)展為基礎(chǔ)，企業(yè)發(fā)展與金融創(chuàng)新的相互扶持促進(jìn)，催生了產(chǎn)融深度結(jié)合的財務(wù)公司。廣東省粵電集團(tuán)有限公司與中國的其他企業(yè)集團(tuán)公司一樣，在國家經(jīng)濟(jì)體制和金融體制不斷深化融合的情況下，在收購“萬家樂財務(wù)公司”的基礎(chǔ)上，于2006年12月成立了“廣東粵電財務(wù)有限公司（以下簡稱：粵電財務(wù)公司）”。粵電財務(wù)公司緊緊圍繞“依托集團(tuán)、服務(wù)集團(tuán)，扎根基層、服務(wù)基層”的企業(yè)宗旨，為粵電集團(tuán)的控股、參股的成員單位提供資金集中、資金融通的服務(wù)，并在擔(dān)當(dāng)企業(yè)與金融機(jī)構(gòu)之間的橋梁、降低整個集團(tuán)財務(wù)費(fèi)用、提高集團(tuán)資金規(guī)模效益等方面發(fā)揮著重要的積極作用。 粵電財務(wù)公司面對粵電集團(tuán)規(guī)模的不斷壯大、資金需求量的不斷增加，面對集團(tuán)內(nèi)部單位資金來源與資金運(yùn)用的不匹配，面對國家金融環(huán)境的變化、宏觀貨幣政策層面的資金收緊，該如何應(yīng)對維持合理流動性的壓力和挑戰(zhàn)，是值得思考和研究的一大課題。粵電財務(wù)公司是粵電集團(tuán)的“心臟”，如果“心臟”的流動性得不到維持，其帶來的風(fēng)險得不到合理的控制，，伴隨而產(chǎn)生的負(fù)面影響，如：信用形象、資金來源等，會形成多米諾骨牌效應(yīng)，將會影響粵電財務(wù)公司的發(fā)展壯大，嚴(yán)重制約集團(tuán)的戰(zhàn)略發(fā)展。因此，探討、研究粵電財務(wù)公司流動性風(fēng)險及其管理問題，具有非常重要的現(xiàn)實(shí)意義和價值。 本文首先從理論層面對國內(nèi)外財務(wù)公司、財務(wù)公司流動性、財務(wù)公司流動風(fēng)險及特點(diǎn)、財務(wù)公司流動性風(fēng)險管理進(jìn)行介紹、分析；其次介紹電力行業(yè)、粵電集團(tuán)、粵電財務(wù)公司的流動性狀況，重點(diǎn)介紹粵電財務(wù)公司流動性風(fēng)險管理存在的問題；接著應(yīng)用流動性風(fēng)險計量的流動比例法和熵值法，建立流動性風(fēng)險評估模型，針對粵電財務(wù)公司的流動性風(fēng)險進(jìn)行定量研究及定性分析，綜合評價粵電財務(wù)公司的流動性風(fēng)險水平及變動情況；最后在借鑒國內(nèi)外較為成熟的財務(wù)公司風(fēng)險管理經(jīng)驗(yàn)，以及綜合本文計量評估結(jié)果的基礎(chǔ)上，有針對性地提出了完善粵電財務(wù)公司流動性風(fēng)險管理的具體措施。本文的研究分析表明，粵電財務(wù)公司流動性風(fēng)險的定量研究及定性分析，有助于明確粵電財務(wù)公司的流動性風(fēng)險現(xiàn)狀及變動趨勢，對于建立有效的流動性風(fēng)險應(yīng)對策略、制定和健全流動性風(fēng)險管理的制度體系、合理維持流動性來源與運(yùn)用的動態(tài)平衡具有重要的參考意義。
[Abstract]:The development of enterprise groups can not be separated from the support of finance. The development of finance is based on the development of enterprises, and the mutual support between enterprise development and financial innovation promotes each other. Guangdong Guangdong Guangdong Electric Power Group Co., Ltd., like other enterprise groups in China, is in a situation where the national economic and financial systems are becoming more and more integrated. On the basis of the acquisition of Wanjiale Finance Company, Guangdong Guangdong Guangdong Electric Finance Co., Ltd. was set up in December 2006. The company closely revolves around "relying on the Group, serving the Group and taking root at the grassroots level." The purpose of "serving the grassroots" is to provide the members of Guangdong Electric Power Group with centralized funds and financing services, to act as a bridge between enterprises and financial institutions, and to reduce the financial costs of the whole group. The improvement group capital scale benefit and so on aspect is playing the important positive role. In the face of the growing scale of Guangdong Power Group, the increasing demand for funds, the mismatch between the sources of funds and the use of funds within the group, and the changes in the national financial environment, How to deal with the pressures and challenges of maintaining reasonable liquidity in the face of tight capital at the macro level of monetary policy, This is a major topic worth considering and studying. The Guangdong Power Finance Company is the "heart" of the Guangdong Power Group. If the liquidity of the "heart" is not maintained, the risks it brings will not be properly controlled, and the accompanying negative effects will result. For example, credit image, source of funds and so on, will form domino effect, will affect the development and growth of Guangdong Electric Finance Company, and will seriously restrict the strategic development of the Group. It is of great practical significance and value to study the liquidity risk and its management of Guangdong Electric Finance Company. This paper firstly introduces and analyzes the domestic and foreign financial companies, the liquidity of financial companies, the liquidity risks and characteristics of financial companies, the liquidity risk management of financial companies, and then introduces the power industry, Guangdong Power Group, The liquidity status of Guangdong Power Finance Company, focusing on the liquidity risk management problems, and then using liquidity risk measurement of liquidity ratio method and entropy method to establish a liquidity risk assessment model, Based on the quantitative study and qualitative analysis of the liquidity risk of Guangdong Power Finance Company, this paper comprehensively evaluates the liquidity risk level and its change of Guangdong Electric Finance Company, and finally, draws lessons from the more mature financial company risk management experience at home and abroad. On the basis of synthesizing the results of measurement and evaluation, the paper puts forward some specific measures to improve the liquidity risk management of Guangdong Electric Finance Company. The quantitative study and qualitative analysis of liquidity risk of Guangdong Power Finance Company is helpful to clarify the current situation and trend of liquidity risk of Guangdong Power Finance Company, and to establish effective liquidity risk coping strategy. It is of great significance to establish and perfect the system of liquidity risk management and to maintain the dynamic balance between the source and application of liquidity.
【學(xué)位授予單位】：華南理工大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F406.7;F426.61

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