联系我们

论文查询结果	返回搜索

论文编号：	11463
作者编号：	2320170643
上传时间：	2019/12/17 17:11:27
中文题目：	A技术公司融资策略研究
英文题目：	Research on financing strategy of A technology company
指导老师：	黄福广
中文关键字：	中小科技企业；质押融资；可转换债券；产业基金
英文关键字：	Technology-based SMEs；Pledge Financing；Convertible Bond；Industry Funds
中文摘要：	科技型中小企业是我国国民经济发展中的一支重要力量，相较于成熟的大型企业，科技中小企业融资难问题一直是困扰企业的发展的关键原因之一。当前，国内国际经济形势错综复杂，金融环境变幻莫测，科技中小企业的决策机制和商业模式也在不断革新，如何及时做好融资策略的选择仍然是值得深入研究的课题。 本文选取A技术公司为研究对象，按照提出问题、分析问题、解决问题的思路其融资策略进行了深入研究。首先，分析融资相关理论文献和A技术公司的融资背景，指出了A技术公司融资存在的问题。A技术公司的融资问题主要包括融资结构不合理、融资方式与企业生命周期不匹配以及第二次股权融资的金额和估值过高。其次，针对A技术公司融资问题的成因进行分析。本文并从公司外部成因和内部成因两个方面进行了分析阐述，分析总结的公司外部成因包括新三板融资环境的变化、行业融资模式的变化以及地方政府招商政策的变化；公司内部成因包括可抵押资产不足、商业模式转型过快以及过度依赖自主创新等原因。最后，本文根据A技术公司的融资需求和实际情况给出了可行的融资策略建议。这些建议主要包括通过知识产权质押融资和票据融资优化融资结构；根据A技术公司的商业模式选择合理的融资方式，比如保理融资和设立产业基金；另外还建议A技术公司转让合资公司股权或者发行可转换债权等途径，化解股权融资难题。 综上所述，本文经过详细的分析论证，明确指出了A技术公司融资存在的三个主要问题，并确定了导致企业融资问题的内部外成因，最后为了满足A技术公司新的融资需求，针对性的提出了多项可行的融资策略建议。本文的研究过程和结论对于A技术公司和广大科技中小企业均有指导意义。
英文摘要：	Technology-based SMEs are an important force in the development of China's national economy. Compared with mature large enterprises, financing difficulties of technology-based SMEs have always been one of the key reasons for the development of enterprises. At present, the domestic and international economic situation is complicated, the financial environment is unpredictable, and the decision-making mechanism and business model of small and medium-sized science and technology enterprises are constantly innovating. How to timely choose financing strategies is still worth in-depth study. In this paper, A technology company is selected as the research object, and its financing strategy is studied in depth according to the ideas of raising, analyzing and solving problems. First of all, the paper analyzes the financing related theoretical literature and the financing background of A technology company, and points out the financing problems of A technology company. The financing problems of A technology company mainly include unreasonable financing structure, mismatching financing method with the life cycle of the enterprise, and excessive amount and valuation of the second equity financing. Secondly, the causes of financing problems of A technology company are analyzed. This paper analyzes and expounds both the external and internal causes of the company. The external causes of the company analyzed and summarized include the change of the financing environment of the new third board, the change of the financing mode of the industry and the change of the investment policies of the local government. The company's internal causes include insufficient mortgageable assets, rapid transformation of business model and excessive reliance on independent innovation. Finally, according to the financing needs and actual situation of A technology company, this paper gives feasible financing strategy Suggestions. These Suggestions mainly include optimizing financing structure through intellectual property pledge financing and bill financing. Choose reasonable financing methods according to the business model of A technology company, such as factoring financing and industrial fund establishment; In addition, it is suggested that A technology company transfer the equity of the joint venture company or issue convertible creditor's rights to solve the problem of equity financing. To sum up, after detailed analysis and demonstration, this paper clearly points out the main three problems existing in the financing of A technology company, and determines the internal and external causes leading to the financing problems of the enterprise. Finally, in order to meet the new financing needs of A technology company, it puts forward a number of feasible suggestions on financing strategies. The research process and conclusion of this paper have guiding significance for A technology company and the majority of small and medium-sized enterprises of science and technology.
查看全文：	预览  下载(下载需要进行登录)