本文選題：私募股權(quán)融資 + 中小企業(yè)��； 參考：《吉林大學(xué)》2014年碩士論文

【摘要】：隨著改革開放的不斷推進(jìn)，我國(guó)社會(huì)經(jīng)濟(jì)得到了高度發(fā)展，但對(duì)自然資源過度利用的同時(shí)，也打破了生態(tài)環(huán)境的平衡，因此，黨和國(guó)家日益關(guān)注生態(tài)環(huán)境問題。黨的十八大報(bào)告中提出，要大力推進(jìn)生態(tài)文明建設(shè)，建設(shè)生態(tài)文明，是關(guān)系人民福祉、關(guān)乎民族未來的長(zhǎng)遠(yuǎn)大計(jì)。我國(guó)園林綠化企業(yè)隨著經(jīng)濟(jì)社會(huì)的發(fā)展應(yīng)運(yùn)而生，，日益發(fā)展。然而我國(guó)市場(chǎng)化的園林企業(yè)起步晚，多數(shù)處于發(fā)展階段，且其行業(yè)具有自身的特殊性，需要巨大的前期投入，生產(chǎn)周期較長(zhǎng)，因而資金成為中小型企業(yè)發(fā)展過程中最突出的問題。當(dāng)前中小企業(yè)融資難，銀行貸款無法滿足中小企業(yè)發(fā)展,而公開證券市場(chǎng)融資對(duì)于中小企業(yè)而言門檻過高,在眾多融資模式中，私募股權(quán)融資逐漸成為眾多中小企業(yè)融資的重要選擇。 私募股權(quán)（Private Equity簡(jiǎn)稱“PE”）融資，是指通過私募形式對(duì)非上市企業(yè)進(jìn)行權(quán)益性投資的一種融資方式。經(jīng)過在歐美國(guó)家?guī)资甑牟粩喟l(fā)展和完善,架構(gòu)起歐美國(guó)家多層次資本市場(chǎng)的關(guān)鍵層次，現(xiàn)已成為推動(dòng)歐美中小企業(yè)穩(wěn)步前進(jìn)的重要資本力量。私募股權(quán)具有低財(cái)務(wù)成本、高附加值、資金來源穩(wěn)定、非公開性等諸多優(yōu)點(diǎn)，有力填補(bǔ)了銀行信貸與證券市場(chǎng)間的空缺，有助于企業(yè)獲取所需資金，改善公司治理結(jié)構(gòu)和管理水平，維持企業(yè)穩(wěn)定持續(xù)發(fā)展，有助于促進(jìn)公司快速上市，已經(jīng)成為扶植成長(zhǎng)型中小企業(yè)的一種重要融資方式。 在最近十幾年中，中國(guó)的私募股權(quán)市場(chǎng)經(jīng)歷了快速發(fā)展的時(shí)期，私募股權(quán)投資總量逐步得到擴(kuò)大，具有良好的發(fā)展態(tài)勢(shì)。但是由于我國(guó)私募股權(quán)投資發(fā)展歷史比較短，總量仍然比較小，缺乏完善、科學(xué)的法律規(guī)章制度，資本運(yùn)作過程不成熟、不規(guī)范，因此中小企業(yè)在私募股權(quán)融資中依然面臨諸多問題與障礙，譬如運(yùn)作過程風(fēng)險(xiǎn)多元、募集對(duì)象不清晰不明確、當(dāng)前政策制度的制約等。尤其在成立基金、建立專業(yè)基金管理團(tuán)隊(duì)、募集資金、評(píng)估并選擇投資項(xiàng)目、管理并運(yùn)營(yíng)基金、退出獲利這一系列的程序運(yùn)作上，依舊還存在很多亟待解決的問題，這在一定程度上阻礙了我國(guó)私募股權(quán)融資的進(jìn)一步發(fā)展。 本文通過通過大量查閱文獻(xiàn)、深入公司調(diào)查獲得資料等方法，圍繞私募股權(quán)融資的發(fā)展現(xiàn)狀以及私募股權(quán)融資對(duì)中小企業(yè)的影響等問題，以森海園林公司為例，具體分析中小企業(yè)在私募股權(quán)融資中存在的問題、問題成因以及相關(guān)具體解決對(duì)策，力求探索私募股權(quán)融資路徑走向科學(xué)化、專項(xiàng)化及常態(tài)化的管理方法，提高私募股權(quán)融資過程中操作效率和防范潛在風(fēng)險(xiǎn)，來為中小企業(yè)在今后私募股權(quán)融資操作提供借鑒。
[Abstract]:With the continuous development of reform and opening up, the social economy of our country has been highly developed, but the over-utilization of natural resources has also broken the balance of ecological environment. Therefore, the Party and the country are paying more and more attention to the ecological environment problem. In the report of the 18th National Congress of the CPC, it was pointed out that it is a long-term plan related to the well-being of the people and the future of the nation to vigorously promote the construction of ecological civilization and to build ecological civilization. With the development of economy and society, garden greening enterprises in our country emerge as the times require and develop day by day. However, the market-oriented garden enterprises in our country start late, most of them are in the stage of development, and their industries have their own particularities, which require huge pre-investment, and the production cycle is longer. As a result, capital has become the most prominent problem in the development of small and medium enterprises. At present, the financing of SMEs is difficult, and bank loans can not meet the development of SMEs. However, the threshold of open securities market financing for SMEs is too high. In many financing modes, Private equity financing has gradually become an important choice for many small and medium-sized enterprises. Private Equity (PE) financing is a kind of financing method for equity investment of non-listed enterprises through private equity. After decades of continuous development and improvement in Europe and the United States, the key level of the multi-level capital market in Europe and the United States has become an important capital force to promote the steady progress of small and medium-sized enterprises in Europe and the United States. Private equity has many advantages, such as low financial cost, high added value, stable source of funds, non-openness and so on. It can fill the gap between bank credit and securities market and help enterprises to obtain the necessary funds. To improve the corporate governance structure and management level, to maintain the stable and sustainable development of enterprises, to help promote the rapid listing of companies, has become an important financing way to foster the growth of small and medium-sized enterprises. In the last ten years, China's private equity market has experienced a period of rapid development, the total amount of private equity investment has been gradually expanded, with a good development trend. However, due to the relatively short history of private equity investment in our country, the total amount is still relatively small, lacking of perfection, scientific laws and regulations, and the process of capital operation is not mature and standard. Therefore, SMEs still face many problems and obstacles in private equity financing, such as the multiple risks in the process of operation, the unclear target of raising, the restriction of current policy system and so on. Especially in the establishment of funds, the establishment of professional fund management teams, the raising of funds, the evaluation and selection of investment projects, the management and operation of funds, and the operation of the procedures of withdrawing profits, there are still many problems to be solved. To some extent, this hinders the further development of private equity financing in China. In this paper, through a large number of literature, in-depth investigation of the company to obtain information and other methods around the development of private equity financing and the impact of private equity financing on small and medium-sized enterprises and other issues, taking Senhai Garden Company as an example, This paper analyzes the problems, causes of the problems in the private equity financing of small and medium-sized enterprises, as well as the relevant specific solutions, and tries to explore the scientific, specialized and regular management methods of the private equity financing path. Improve the efficiency of private equity financing process and guard against potential risks, to provide reference for SMEs in the future private equity financing operations.
【學(xué)位授予單位】：吉林大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51

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本文編號(hào)：2060974