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论文编号：	7967
作者编号：	2120132719
上传时间：	2015/12/9 10:43:21
中文题目：	天津天能变压器公司融资问题研究
英文题目：	Research on the financing problem of Tianjin T-Energy Transformers Company
指导老师：	余娟
中文关键字：	融资结构；优化；策略
英文关键字：	Financing structure；Optimization；Strategy
中文摘要：	我国的中小企业在经济发展中起着举足轻重的作用，其能否健康快速的发展，对我国国民经济的平稳快速发展有着重要影响，但却一直面临着融资难的问题。在信贷紧缩的背景下，中小企业的融资困境显得更为突出，虽然目前国家已经出台了一系列的政策和措施来改善其融资环境，但并未从根本上解决中小企业的融资困境。中小企业的融资约束不仅由其自身素质不高造成，而且与我国现有的金融体制和法规的支持力度不够、金融服务业发展不健全、资源配置存在问题等也有很大的关系。专用设备制造业作为我国机械制造行业的主打产业，为众多行业提供高质量的机械设备，保证生产经营的高效进行，促进了国民经济的稳定发展。鉴于其重要地位，国家高度关注专用设备生产企业的发展状态，企业的财务问题也逐步成为国内学者的热点研究课题。作为一家专用设备制造企业，天能变压器公司前期的经营业绩相当突出，但近年来由于经营管理不善以及不合理的融资行为，企业经营业绩较差并且财务危机较为严重。为保证企业将来稳定高效经营，天能变压器公司除了要进行内部生产管理的强化，实行产业结构的调整外，还应着手企业融资结构的优化来降低财务风险；同时借助融资结构的优化来完善股权结构，提升公司治理水平，逐步提高企业的盈利能力。因此，研究天能变压器公司融资结构的优化问题，并提出有效的策略建议，关系到企业后续稳定的经营发展；同时，该研究对行业内其他类似公司还具有如下意义：第一，使企业重视经营发展过程中的财务危机，及时优化融资结构，减少破产风险；第二，促进企业完善股权结构，形成合理的治理结构，提升企业的治理效率；第三，促进企业规范财务制度，保证企业高效运营；第四，为今后的企业融资结构优化提供可以参照的模板，促进企业对融资结构问题的后续研究。本文以融资结构的理论为基础对天能变压器公司的融资结构问题进行深入研究，分析阐融资结构存在的问题，并根据企业的现状提出相应的融资结构优化的策略建议。基本研究思路如下：绪论部分介绍了本文的写作背景、研究意义、整体研究框架及研究方法等研究概况；第二章重点介绍了相关的融资结构理论，并分析了影响融资结构的因素以及最佳融资结构的判定标准；第三章对天能变压器公司的经营状况进行简介，对其现在的融资结构现状进行分析，指出存在的问题；对天能变压器公司融资结构进行深刻分析的基础上找出问题的成因；第四章分析融资结构优化的目标并提出具体的策略建议以及策略的改进方案；第五章提出优化策略有效运用的保障措施。第六章阐述文章的研究结论，并提出后期研究的方向。本文的研究特色主要是将融资结构的理论与企业的实际状况相联系，不仅从财务管理的角度提出解决企业的融资结构问题的策略建议，而且从公司治理的角度提出借助融资结构优化来完善股权结构，提升公司治理效率，才能从根本上保证融资结构的合理。由于现实条件和笔者的水平限制，本文的研究结论还不完善，有待近一步深化。
英文摘要：	SMEs play an decisive role in the economic growth, its healthy and rapid development have an important effect on China's national economic growth, but the financing difficulties have been the greatest obstacle to the development of SMEs in our country. Because of the momentary policy, the development of SMEs is facing an unprecedented financial difficulty. Although the government has adopted a serious of policies and measures to improve the financing environment for SMEs, the financing difficulties that they met have not been resolved yet. The reasons of why the SMEs facing this financing difficulty, not only because their poor status, but also have a deal with the poor support that from financial system and current policies, the financial service industries have not been developed well and so on. Special equipment manufacturing industry as the main industry of China's machinery manufacturing industry to provide high quality, machinery and equipment for many industries, to ensure efficient production management, promote the steady development of the national economy. Due to its important status, countries are highly concerned about the development of the state enterprises for the production of special equipment, the financial problems of the enterprise also gradually become a hot research topic of domestic scholars. As a special equipment manufacturing enterprises, the company early days to the transformer operating performance is quite outstanding, but in recent years due to the financing behavior of poor management and unreasonable, enterprises operating performance is bad and the financial crisis more serious. In order to ensure the stable and efficient operation of the enterprise in the future, day to transformer in addition to strengthening to internal production management, the implementation of the adjustment of industrial structure, should also start the optimization of enterprise financing structure to reduce financial risk; at the same time to improve the equity structure by optimizing the financing structure, to enhance the level of corporate governance, and gradually improve the profitability of enterprises. Therefore, study on the day can optimize the financing structure problems of transformer company, and put forward suggestions of effective, related to the business of subsequent stable business development; at the same time, the study also has the following significance to other similar companies within the industry: first, make the enterprise pay attention to business development in the process of the financial crisis, timely optimize the financing structure, reduce the bankrupt risk; second, to promote the enterprises to improve equity structure, form a reasonable governance structure, improve corporate governance efficiency; third, encourage enterprises to standardize the financial system, to ensure the efficient operation of enterprises; fourth, to provide reference to the template for the optimization of enterprise financing structure in the future, to promote the follow-up research enterprise financing structure problems. This paper takes the financing structure theory is based on a thorough research on the day to financing structure transformer company, analysis the existing problem of financing structure analysis, and puts forward some suggestions to optimize financing structure of the corresponding strategy according to the enterprise present situation. The basic research ideas are as follows: the introduction part introduced the research survey of the background, research significance, research framework and research methods; the second chapter introduces the financing structure theory related, and analyzed the influence factors of the financing structure of the criteria and the best financing structure; the third chapter makes a brief introduction of the company to transformer operation status on the day of its financing structure, present situation analysis, pointed out the existing problems; causes to find out problems based on profound analysis of causes of day financing structure transformer company on the financing structure optimization; the fourth chapter analyzes the goal and puts forward concrete strategies and suggestions for the execution of the strategy plan; the fifth chapter proposes the optimization of guarantee the effective measures of using strategies. The sixth chapter elaborates the research conclusion, and put forward the direction of later research. The characteristics of this paper are to combination theory with practice. Not only propose solutions to the structural problems form financial management perspective but also proposes that corporate ownership structure must be optimized so as to improve the efficiency of corporate governance to keep appropriate financing structure. Due to the level of the author and the limitations of reality， the conclusions of this paper are not perfect and need to be researched continually.
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