鞍钢股份有限公司财务风险管理案例研究

发布时间：2018-03-25 15:15

本文选题：财务风险　切入点：风险识别　出处：《吉林财经大学》2017年硕士论文

【摘要】：近几年,随着中国经济的迅猛发展,企业财务风险管理已经成为财务管理领域中的一个重要研究课题。企业财务风险是指企业在各项财务活动过程中,由于各种难以预料或控制的主客观因素所导致财务状况具有不确定性,从而使企业有蒙受经济损失且与预期结果相偏离的情况。这种风险可能存在于任何财务活动中,尤其是随着经济、文化、政治等方面不断的变化而呈现出日渐复杂的特征,是我国企业面临的各种风险中影响至关重要的一种,针对这种情况,企业更应该进行缜密有效的财务风险管理,结合企业当下的发展需求,积极提高管理水平,加深对财务风险及其种类的认知,强化财务风险的管理和控制,有效的规避可控风险,使企业立足长远,实现可持续发展。本文以财务风险管理的基本理论和相关知识为基础,参考国内外主要相关文献的核心观点,对财务风险管理的主流理论进行详细的整理介绍。然后以鞍钢股份有限公司作为本文的研究对象,初步分析其内部当下的企业财务风险管理现状,通过分析企业的历年财务报表,对其结果进行分类识别,发现鞍钢公司的筹资方式较为单一,活动现金的最主要流动渠道绝大部分都是通过借款,负债规模和资本结构都不够理想,资金流动性差,获利能力不足,而且对资产的利用效率不高,不能充分的利用财务杠杆,此外对上游的原燃料的依赖性也很大。最后针对上述风险,给出构建财务风险防范系统模型的建议和有效的防范对策,如应该寻求新的筹资来源方式,确立合理的负债规模,优化资本结构,增大上游产业投资以降低原燃料程本,实现绿色生产提高原材料的利用率和强化存货盘点等。本文针对鞍钢股份有限公司所涉及的财务风险方面的问题以及规避财务风险的控制措施进行研究,以期对钢铁行业具有一定的适用性,为其它钢铁企业提供一定的借鉴作用,帮助其提升抵抗风险的能力和水平。
[Abstract]:In recent years, with the rapid development of Chinese economy, enterprise financial risk management has become an important research topic in the field of financial management. The uncertainty of the financial position resulting from a variety of subjective and objective factors that are difficult to predict or control makes the enterprise suffer economic losses and deviate from the expected results. This risk may exist in any financial activity, Especially with the constant changes in economy, culture, politics and so on, it presents increasingly complex characteristics, which is one of the most important kinds of influence among the various risks faced by Chinese enterprises. In view of this situation, Enterprises should carry out careful and effective financial risk management, combine the current development needs of enterprises, actively improve the level of management, deepen the understanding of financial risks and their types, and strengthen the management and control of financial risks. This paper bases on the basic theory and related knowledge of financial risk management, and refers to the core viewpoints of the main related literature at home and abroad, in order to avoid the controllable risk effectively, make the enterprise base on the long run and realize the sustainable development. This paper introduces the mainstream theory of financial risk management in detail. Then taking Anshan Iron and Steel Co., Ltd. as the research object of this paper, it preliminarily analyzes the present situation of enterprise financial risk management in Anshan Iron and Steel Co., Ltd. By analyzing the financial statements of the enterprises over the years and classifying and identifying the results, it is found that the financing mode of Angang is relatively single, and the most important flow channel of active cash is through borrowing. The scale of debt and capital structure are not ideal, capital liquidity is poor, profitability is insufficient, and the use of assets is not efficient enough to make full use of financial leverage. In addition, the dependence on upstream raw fuel is also very large. Finally, in view of the above risks, the paper gives some suggestions to build a financial risk prevention system model and effective countermeasures. For example, new sources of financing should be sought to establish a reasonable debt scale. Optimize capital structure, increase upstream industry investment to reduce the original fuel cost, To realize green production to improve the utilization ratio of raw materials and to strengthen inventory count etc. This paper focuses on the problems of financial risk involved in Anshan Iron and Steel Co. Ltd and the control measures to avoid financial risks. In order to have certain applicability to the iron and steel industry, to provide certain reference for other iron and steel enterprises, to help them to improve the ability and level of resisting the risk.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F406.7;F426.31

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