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论文编号：	12808
作者编号：	2320190698
上传时间：	2021/12/9 13:31:24
中文题目：	Y商业保理公司财务风险管理研究
英文题目：	Research on Financial Risk Management of Y Commercial Factoring Company
指导老师：	姚颐
中文关键字：	财务风险；保理公司；风险管理
英文关键字：	Financial risk,Factoring company,Risk management
中文摘要：	商业保理是基于贸易产生的，由保理公司提供的一整套包括融资、信用风险管理、应收账款管理和催收在内的金融服务方案。我国市场经济发展速度飞快，逐渐形成了供大于求的市场，这种情况下赊销就成为主要的结算方式。目前我国商业保理市场发展迅猛，但由于前期的监管问题以及企业自身发展战略的选择，整个市场参差不齐，很多商业保理公司面对不同程度的财务风险问题，也使得整个行业存在一定的风险。在多方因素的影响下，商业保理公司的风险暴露压力不断增加，风险事件频发，在这种大环境下，针对商业保理公司财务风险管理的研究就显得十分必要。不仅是针对某个公司，对于整个商业保理行业以及市场经济整体的发展，都有非常重要的意义。 本文首先对于保理业务的背景及相关概念做出了阐述，对财务风险研究方面，由于保理行业历史较短，国内外专注于保理公司财务风险的研究相对较少，文章借鉴了国内外文献关于企业财务风险的研究以及商业银行、融资租赁公司等金融类企业财务风险研究作为理论的支撑。对于通常情况下财务风险管理需要首先对财务风险进行识别，接着对识别出的财务风险进行度量，最后需要研究分析出的财务风险有效的控制措施进行了介绍。以委托代理理论和全面风险管理理论作为宏观理论的支撑。然后从微观角度出发，以Y商业保理公司作为案例，对于其业务模式、经营现状、财务现状进行分析，采用Z计分模型、F分数模型以及杠杆分析法对Y商业保理公司面对的财务风险进行量化分析，针对其筹资风险、投资风险及资金回收风险提出了拓宽融资渠道、多元化投资管理、建立应收账款催收机制等优化财务风险管理的措施，并在此基础上提出了如强化内控制度提升资金管理水平、健全财务风险管理制度、建立财务风险预警机制优化资本结构、加强信息化建设等财务风险管理的保障措施。对Y商业保理公司的财务风险管理做出了全流程分析，能够对同类型公司财务风险管理的优化有借鉴的意义，进而影响整个商业保理行业的财务风险管理水平。
英文摘要：	Commercial factoring is a complete set of financial service schemes including financing, credit risk management, accounts receivable management and collection provided by factoring companies based on trade. With the rapid development of China's market economy and the formation of the buyer's market, credit sales has become a mainstream settlement method. At present, China's commercial factoring market is developing rapidly, but due to the early regulatory problems and the choice of enterprises' own development strategy, the whole market is uneven. Many commercial factoring companies face different degrees of financial risk, which also makes the whole industry have certain risks. Under the influence of many factors, the risk exposure pressure of commercial factoring companies is increasing and risk events occur frequently. In this environment, it is very necessary to study the financial risk management of commercial factoring companies. Not only for a company, but also for the whole commercial factoring industry and the overall development of market economy. Firstly, this paper expounds the background and related concepts of factoring business. In the field of financial risk research, due to the short history of factoring industry, there are relatively few studies focusing on the financial risk of factoring companies at home and abroad. This paper draws lessons from the research on enterprise financial risk at home and abroad, as well as commercial banks Financial risk research of financial enterprises such as financial leasing companies is the theoretical support. Generally, financial risk management needs to follow the processes of risk identification, risk measurement, risk control and related contents. The principal-agent theory and comprehensive risk management theory are used as the support of macro theory. Then from the micro perspective, taking Y commercial factoring company as a case, this paper analyzes its business model and financial status, identifies and measures the financial risks faced by Y commercial factoring company by using Z-score Model, F-score model and leverage analysis method, and puts forward some suggestions on broadening financing channels, diversified investment management Establish the collection mechanism of accounts receivable and other measures to optimize the financial risk management, and on this basis, put forward the guarantee measures of financial risk management, such as improve the financial risk management system, establishing the financial risk early warning mechanism, strengthening the information construction and so on. This paper analyzes the whole process of financial risk management of Y commercial factoring company, which used for the purpose of a example for the majorization of financial risk management of similar companies, and then affect the financial risk management level of the whole commercial factoring industry.
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