联系我们

论文查询结果	返回搜索

论文编号：	12343
作者编号：	2220160481
上传时间：	2021/6/7 23:18:32
中文题目：	X城投公司财务风险管理研究
英文题目：	Research on Financial Risk Management of X City Investment Company
指导老师：	程新生
中文关键字：	财务风险；财务风险管理；X城投公司
英文关键字：	Financial risk；Financial risk management；X City Investment Company
中文摘要：	公司财务风险是指在各种内部和外部因素的影响下，由于公司未能实现预期的财务管理目标而造成经济损失的可能性。在竞争激烈的市场环境中，公司面临不同程度的财务风险威胁，特别是在当前我国经济转型的大背景下，公司面临的市场环境和宏观经济走势依然不确定，公司财务风险更是无所不在，它存在于公司每一个业务环节和领域，应对不当会给公司造成巨大经济损失。因此，如何有效应对和化解公司财务风险管理中存在的问题是现代公司管理的重要内容。对于公司来说，必须要正确认识财务风险及其特点，树立良好的财务风险管理观念，不断优化财务管理体系和流程，将财务风险降到最低，这是决定公司长期生存和发展的重要因素，具有非常重要的现实意义。 城投公司作为中国特殊历史阶段和体制背景下的产物，在过去十几年中国城市建设的高速发展过程中发挥了资金供给方面的基础性功能，对下一阶段城镇化发展规划的全面实施也仍将起到重要的支撑作用，其重要的经济和社会价值不容忽视，同时，城投公司自身固有的多种复杂矛盾在其扩张发展的过程中也逐渐扩大，信用风险逐步暴露，进而成为影响地方政府债务安全的重要因素。在投融资平台方面，随着政策不断收紧，地方投融资平台融资成本不断升高，土地出让收入增幅下滑，偿债压力逐年增加。所以围绕城投公司规范发展，缓解因城投公司代政府投融资所造成的地方政府财务风险具有重要的意义。 本文采用了理论与实际相结合的方式，按照发现问题分析问题解决问题的研究思路，选取了徐州市最大的投融资平台--X城投公司作为研究对象进行分析。本文介绍了X城投公司发展现状，结合X城投公司财务指标发现X城投公司面临筹资风险、资金回收风险和投资风险，再运用Z模型和F模型对公司的整体财务风险进行诊断评价，重点分析X城投公司财务风险管理现状和存在的问题及原因，得出X城投公司财务风险管理缺乏规范和预警，融资渠道单一，资产流动性差，资金管理制度不完善，投资项目受限盈利能力弱，最后提出应对建议。本文采用了案例分析法，对X城投公司财务风险管理进行了深入的研究，为后期对X城投公司建设提供了指导。
英文摘要：	The company's financial risk refers to the possibility of economic losses caused by the company's failure to achieve the expected financial management objectives under the influence of various internal and external factors. In a highly competitive market environment, companies face varying degrees of financial risk threats, especially in the current background of my country’s economic transformation, the market environment and macroeconomic trends that companies face are still uncertain, and corporate financial risks are even more ubiquitous and they exist. In every business link and field of the company, improper response will cause huge economic losses to the company. Therefore, how to effectively deal with and resolve the problems existing in the company's financial risk management is an important part of modern company management. For companies, it is necessary to correctly understand financial risks and their characteristics, establish a good financial risk management concept, continuously optimize financial management systems and processes, and minimize financial risks. This is an important factor that determines the company’s long-term survival and development. It has very important practical significance. As a product of China’s special historical stage and institutional background, city investment companies have played a fundamental role in the supply of funds during the rapid development of China’s urban construction in the past ten years, and have also contributed to the full implementation of the next stage of urbanization development planning. It will still play an important supporting role, and its important economic and social value cannot be ignored. At the same time, the inherent complex contradictions of city investment companies are gradually expanding during their expansion and development, and credit risks are gradually exposed, which then becomes an influence. An important factor in the safety of local government debt. In terms of investment and financing platforms, with the continuous tightening of policies, the financing costs of local investment and financing platforms have continued to rise, the growth rate of land transfer income has declined, and the pressure on debt repayment has increased year by year. Therefore, standardize the development of urban investment companies to alleviate the financial risks of local governments caused by urban investment companies' investment and financing on behalf of the government which has important significance. This thesis combines the theoretical research with the actual situation, and chooses the largest investment and financing platform in Xuzhou City, Jiangsu X City Investment Company, as the research object, according to the research ideas of finding problems, analyzing problems and solving problems. This thesis introduces the basic situation and operation status of X City Investment Company. Combined with the financial risk indicators of X City Investment Company, it is found that X City Investment Company is facing financing risks, such as investment risks and capital recovery risks, etc., and then the Z model and F model are used to diagnose and evaluate the company's overall financial risk, focusing on the analysis of X City Investment Company's financial risks Existing management problems and reasons, it is concluded that X City Investment Company's financial risk management lacks standardization and early warning, financing channels are single, asset liquidity is poor, capital management system is imperfect, investment projects are restricted and profitability is weak and finally put forward suggestions. This thesis adopts the case analysis method to conduct an in-depth analysis of the financial risks of X City Investment Company, and provides guidance for X City Investment Company in the later stage.
查看全文：	预览  下载(下载需要进行登录)