本文關(guān)鍵詞：大型國有糧食企業(yè)套期保值模式研究　出處：《對(duì)外經(jīng)濟(jì)貿(mào)易大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

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【摘要】：近幾年來,糧食企業(yè)在不斷發(fā)展的過程中,業(yè)務(wù)逐步由倉儲(chǔ)向生產(chǎn)加工和貿(mào)易拓展,而大型國有糧食企業(yè)作為維護(hù)和保障國家糧食安全的重要載體,一方面面臨市場(chǎng)化經(jīng)營,另一方面還承擔(dān)著民生保障等社會(huì)責(zé)任,自身對(duì)風(fēng)險(xiǎn)管理的需求越來越迫切。隨著農(nóng)產(chǎn)品的期貨市場(chǎng)逐步發(fā)展和完善,越來越多的糧食企業(yè)參與到期貨市場(chǎng)中,并通過套期保值的方式來規(guī)避風(fēng)險(xiǎn),因此,這些糧食企業(yè)在不斷提高自身經(jīng)營能力的同時(shí),還要結(jié)合企業(yè)自身實(shí)際情況采取相應(yīng)的套期保值模式。本文將通過理論研究與案例分析相結(jié)合的方式,對(duì)糧食企業(yè)參與農(nóng)產(chǎn)品期貨套期保值的相關(guān)問題、目標(biāo)策略以及業(yè)務(wù)流程進(jìn)行分析,將企業(yè)實(shí)際經(jīng)營情況和業(yè)務(wù)模式與套期保值相結(jié)合,探索適用于我國大型國有糧食企業(yè)的農(nóng)產(chǎn)品期貨套期保值模式,并提出對(duì)策建議。本文經(jīng)過分析實(shí)證,認(rèn)為大型國有糧食企業(yè)不僅應(yīng)積極參與套期保值,還應(yīng)成為農(nóng)產(chǎn)品期貨市場(chǎng)的交易主體,針對(duì)其生產(chǎn)加工和貿(mào)易等糧食產(chǎn)業(yè)鏈主營業(yè)務(wù)的套期保值需求,要充分分析國內(nèi)外供需市場(chǎng)行情,預(yù)測(cè)農(nóng)產(chǎn)品期貨價(jià)格走勢(shì),確定套期保值規(guī)模,并進(jìn)行成本測(cè)算,分析評(píng)估可能存在的風(fēng)險(xiǎn),建立套保方案計(jì)劃。實(shí)證表明,依此模式建立的糧食企業(yè)套期保值方案計(jì)劃有很強(qiáng)的科學(xué)性和可操作性,對(duì)市場(chǎng)行情和趨勢(shì)判斷較為準(zhǔn)確,有利于企業(yè)實(shí)際套期保值操作。
[Abstract]:In recent years, grain enterprises in the process of continuous development, business gradually from warehousing to production, processing and trade expansion, and large state-owned grain enterprises as an important carrier to maintain and ensure national food security. On the one hand, facing market-oriented operation, on the other hand, it is also shouldering social responsibilities such as livelihood security, and its own demand for risk management is becoming more and more urgent. With the gradual development and improvement of the futures market of agricultural products. More and more grain enterprises participate in the futures market and hedge to avoid the risk. Therefore, these grain enterprises are constantly improving their own operating capacity at the same time. This paper will combine the theoretical research with the case study, to the grain enterprises to participate in the agricultural products futures hedging related issues. By analyzing the target strategy and business process, combining the actual business situation and business model with hedging, this paper explores the futures hedging model of agricultural products suitable for large state-owned grain enterprises in China. And put forward countermeasures and suggestions. Through the analysis of empirical evidence, this paper thinks that large state-owned grain enterprises should not only actively participate in hedging, but also become the main trading body of the agricultural product futures market. In view of the hedging demand of the main business of grain industry chain, such as production, processing and trade, it is necessary to fully analyze the domestic and foreign market of supply and demand, forecast the trend of agricultural product futures price, and determine the scale of hedging. And the cost calculation, analysis and assessment of possible risks, the establishment of hedging plan plan. Empirical results show that the grain enterprises based on this model of hedging program plan has a strong scientific and operational. Market market and trend judgment is more accurate, conducive to the actual hedging operations.
【學(xué)位授予單位】：對(duì)外經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F724.5;F323.7
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本文編號(hào)：1437239