本文選題：融資租賃 + 籌資��； 參考：《天津商業(yè)大學(xué)》2014年碩士論文

【摘要】：當(dāng)前融資租賃公司籌資渠道的限制以及籌資成本的高企不下，使許多融資租賃公司受困于較高的籌資成本；融資租賃公司在較長(zhǎng)的一個(gè)時(shí)期以內(nèi)只能尋找對(duì)資金成本承受能力更強(qiáng)的客戶尋求合作，但對(duì)于這一類企業(yè)的投資往往要承擔(dān)較大的潛在違約風(fēng)險(xiǎn)，承租人一旦違約，出租人則得不償失；同時(shí)在較高的籌資成本之下融資租賃企業(yè)也逐步喪失了對(duì)項(xiàng)目的審查與篩選嚴(yán)格程度，企業(yè)管理層也有可能受迫于股東業(yè)績(jī)指標(biāo)要求，為了達(dá)到預(yù)定的業(yè)績(jī)指標(biāo)而對(duì)風(fēng)險(xiǎn)控制措施放松監(jiān)管，給融資租賃企業(yè)帶來(lái)潛在風(fēng)險(xiǎn)。較高籌資成本導(dǎo)致融資租賃公司原有客戶流失，在這樣的情況之下，融資租賃公司籌資成本成為事關(guān)融資租賃企業(yè)生死存亡的關(guān)鍵問(wèn)題。 本文試圖通過(guò)對(duì)當(dāng)前融資租賃企業(yè)籌資渠道現(xiàn)狀分析，以及對(duì)融資租賃公司在業(yè)務(wù)實(shí)際操作案例中籌資面臨的問(wèn)題進(jìn)行分析與探討，促使融資租賃公司拓展新的籌資渠道，降低融資租賃企業(yè)籌資成本，提高融資租賃企業(yè)盈利空間，增強(qiáng)融資租賃公司議價(jià)能力與抗風(fēng)險(xiǎn)能力。當(dāng)前國(guó)內(nèi)融資租賃公司的規(guī)模和產(chǎn)業(yè)結(jié)構(gòu)在全國(guó)同類金融行業(yè)中所占比例規(guī)模偏小，投資總額相對(duì)較少，且行業(yè)地域集中程度高。融資租賃企業(yè)內(nèi)部管理能力薄弱,經(jīng)營(yíng)者對(duì)高風(fēng)險(xiǎn)行業(yè)的投機(jī)與短視投資突出,股東多希望在短期內(nèi)迅速獲利,導(dǎo)致租賃資金的投資效率低下。文章對(duì)ZR（天津）融資租賃有限公司的當(dāng)前籌資渠道與籌資成本進(jìn)行了分析，提出當(dāng)前ZR租賃公司面臨的籌資問(wèn)題，并對(duì)提出的籌資問(wèn)題進(jìn)行了分析，通過(guò)航空公司飛機(jī)引進(jìn)案例對(duì)籌資面臨的問(wèn)題進(jìn)行了分析與探究，并對(duì)籌資方案進(jìn)行了優(yōu)化，在航空公司飛機(jī)引進(jìn)案例實(shí)際操作中ZR融資租賃有限公司通過(guò)采用創(chuàng)新籌資方案，降低了籌資成本，，為ZR融資租賃有限公司后續(xù)開(kāi)展更多業(yè)務(wù)進(jìn)一步奠定了基礎(chǔ)。ZR（天津）融資租賃有限公司是2012年8月天津東疆保稅港注冊(cè)成立的專業(yè)從事國(guó)內(nèi)外融資租賃業(yè)務(wù)的外商獨(dú)資企業(yè)。公司股東在航空航天產(chǎn)業(yè)有多年從業(yè)經(jīng)驗(yàn)，擁有豐富的業(yè)務(wù)資源與業(yè)務(wù)經(jīng)驗(yàn)，與境內(nèi)外多家航空公司，飛機(jī)制造商，航材生產(chǎn)商，飛機(jī)交易咨詢公司有著深入的交流與合作，在航空器融資租賃行業(yè)有著豐富的經(jīng)驗(yàn)與資源。經(jīng)過(guò)一段時(shí)期的經(jīng)營(yíng)，該公司已經(jīng)過(guò)度到快速擴(kuò)張期，同時(shí)在企業(yè)籌資問(wèn)題上也遇到了需要跨越的門(mén)檻，籌資方案的優(yōu)化與改進(jìn)已經(jīng)成為該公司亟待解決的問(wèn)題。文章對(duì)ZR融資租賃公司的籌資情況進(jìn)行了分析與探究，文章第一部分為前言，對(duì)當(dāng)前融資租賃企業(yè)籌資背景以及國(guó)內(nèi)，國(guó)外研究情況進(jìn)行了介紹；第二部分對(duì)國(guó)內(nèi)融資租賃行業(yè)發(fā)展情況進(jìn)行了簡(jiǎn)介；第三部分主要提出了ZR融資租賃公司當(dāng)前面臨的籌資問(wèn)題，并對(duì)問(wèn)題一一提出優(yōu)化措施；第四部分將實(shí)際優(yōu)化措施運(yùn)用到實(shí)踐案例當(dāng)中并進(jìn)行了分析。 融資租賃公司是市場(chǎng)經(jīng)濟(jì)發(fā)展到一定階段的必然產(chǎn)物,融資租賃作為新型融資工具己經(jīng)成為企業(yè)融資的重要手段,近些年來(lái)不乏一些上市公司使用融資租賃手段進(jìn)行籌資，但融資租賃公司同時(shí)也面對(duì)著籌資問(wèn)題，籌資渠道的多元化與籌資成本對(duì)融資租賃公司的生存發(fā)展，租賃資產(chǎn)規(guī)模，進(jìn)一步融資能力起著至關(guān)重要的作用,融資租賃公司增強(qiáng)拓展籌資渠道以及對(duì)自身籌資渠道的優(yōu)化與改善已經(jīng)刻不容緩。通過(guò)對(duì)ZR（天津）融資租賃有限公司籌資渠道的分析及分析，最終對(duì)其他融資租賃企業(yè)融資渠道的優(yōu)化提供借鑒意義與實(shí)踐指導(dǎo)。
[Abstract]:The limitation of the financing channel of the current financing lease company and the high level of financing cost make many finance leasing companies suffer from higher financing cost ;
Financial leasing companies can only seek to cooperate with customers who are more competent to the capital cost within a longer period of time , but the investment in this kind of enterprises often takes on a large potential default risk , and if the lessee fails to default , the lessor can not pay off ;
At the same time , under the higher financing cost , the financing lease enterprise also gradually loses its examination and screening strictness to the project , the management of the enterprise also has the potential to be under the requirement of the shareholder ' s performance indicator , and the risk control measures are relaxed and regulated in order to reach the predetermined performance index . The higher financing cost leads to the loss of the original customer of the financing lease company . In such a case , the financing cost of the financing lease company becomes the key issue of the survival and death of the financing lease enterprise .

This paper attempts to analyze and discuss the current financing channel and financing cost of the financing lease company by analyzing and exploring the current situation of financing channel of the current financing lease enterprise and the problems faced by the financing lease company in the actual operation cases .
The second part introduces the development of domestic financial leasing industry .
In the third part , we mainly put forward the financing problems faced by ZR finance leasing companies , and put forward the optimization measures to the problem one by one .
In the fourth part , the practical optimization measures are applied to the practical cases and analyzed .

The financing lease company is the inevitable product of the development of the market economy to a certain stage , and the financing lease as a new financing tool has become an important means of enterprise financing .
【學(xué)位授予單位】：天津商業(yè)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F830.42;F832.39

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本文編號(hào)：1915323