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论文编号：	8217
作者编号：	2220130925
上传时间：	2016/6/3 10:56:55
中文题目：	创业板上市公司财务风险评价研究——以A公司为例
英文题目：	Study on the Financial Risk Assessment of the GEM Listed Company—Take the Company A as an Example
指导老师：	王志红
中文关键字：	创业板上市公司；财务风险评价；评价体系；模糊评价模型
英文关键字：	Growth Enterprises Market (GEM) listed company; Financial risk assessment; Evaluation system; Fuzzy evaluation model
中文摘要：	创业板市场为广大的中小型创新型企业搭建了一个高效的、便捷的融资平台，拓宽了中小型企业的融资渠道，从一定程度上缓解了创业板上市公司的融资难的问题，对推进中小型、创新型企业的快速发展起到了积极的作用。企业融资难的问题得到了一定的缓解、企业盈利能力逐渐提高、创业板上市公司的产业结构逐渐趋于合理。但是，受到创业板上市公司自身特点的影响，其所面临的风险也比较突出。当前，我国创业板上市公司以“高科技、高成长性、新能源、新服务、新经济、新材料、新农业、新商业模式”的企业为主，413家（截止到2014年底）创业板上市企业中，绝大多数都属于高科技型企业，企业规模较小、市盈率偏高、资金相对匮乏、财务风险管理能力有限以及“家族式”管理现象比较普遍，“三高”问题比较突出，企业面临着巨大的财务风险威胁。本文中，试图以相关的理论为指导，探讨深交所创业板上市公司的财务风险评价问题。文中首先对本文的研究背景、国内外研究现状进行了介绍，概述了有关的财务风险管理理论，在介绍国内创业板上市公司财务风险评价特点的基础上，重点分析了创业板上市公司财务风险现状、财务风险评价面临的主要问题，然后，以A公司为例，对创业板上市公司的财务风险评价进行了简单的实证分析；从财务风险评价方法改进、财务风险评价体系优化等方面提出了创业板上市公司财务风险评价的改进建议，这对于规范创业板上市公司的财务风险评价能力、提高企业的财务风险防范水平都具有一定的现实意义。
英文摘要：	The growth enterprise market has set up an efficient and convenient financing platform for many small and medium-sized innovative enterprises, which expands financing channels for small and medium-sized enterprises and, to some extent, alleviates the difficulty of financing of GEM listed companies. At the same time, it has played a positive role to promote the rapid development of small and medium-sized innovative enterprises. With the financing difficulty of companies being partly alleviated, the profitability of enterprises gradually improves and the industrial structure of GEM listed companies tends to be reasonable. However, GEM listed companies face higher financial risks because of the effects of the characteristics of GEM listed companies themselves. At present, most of GEM listed companies in our country are "high technology, high growth, new energy, new service, new economy, new materials, new agriculture and new business model". Among 413 GEM listed companies (up to 2014) , the overwhelming majority of companies are high-tech. Small scale, high price-earning ratio, lack of funding, limited financial risk management ability and "family" management phenomenon are relatively common. Besides, the "three-high" issue is outstanding. These companies face up with a tremendous risk on finance. Guided by the related theories, this article discusses the financial risk assessment of the GEM listed companies in the Shenzhen stock exchange. At first, this article introduces the background of this study, reviews the research actuality of this study at home and abroad and summarizes the related theories about the financial risk management. Based on the introduction of the GEM listed companies’ financial risk assessment characteristics, this article mainly analyzes the present situation of GEM listed companies' financial risks and the main facing problems of the financial risk assessment. And then, take the company A as an example. The GEM listed company's financial risk assessment has been carried on positive analysis. This article gives some advice on modified methods of financial risk assessment, optimization of financial risk assessment system, etc. to improve the financial risk assessment of GEM listed companies. These suggestions have practical significances on regulating the ability of GEM listed companies’ financial risk assessment and improving the level of enterprises’ financial risk prevention.
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