企业债务融资的财务效应与风险分析 毕业论文.doc

唐 山 学 院 毕 业 论 文 论文题目：企业债务融资的财务效应与风险分析 系 别： 经济管理系 班 级： 09财务管理（）企业债务融资的财务效应与风险分析 摘 要 随着经济的发展，很多企业都在不断的扩大自身的经营规模来谋求最大利润，然而在发展过程中，充足的资金是企业进行生产经营活动的必要条件，为了筹集资金很多企业选择债务融资资方式。通过债务融资，不仅可以解决企业经营资金的问题，而且可以使企业资金来源呈现多元化。债务融资是一把双剑，在满足企业对资金需求，带来财务效益的同时，也给企业带来风险，严重的甚至会导致财务危机，面临破产。因此，正确认识企业债务融资，并建立风险防范措施显得尤为重要。Corporate debt financing and the financial effects and risk analysis Abstract With the economic development，many companies are constantly expanding their scale of operations to seek the maximum profit. However, in the development process, adequate funding is the enterprise production and management activities a necessary condition. In order to raise funds, many companies choose to this debt financing.Through debt financing, funds can not only solve business problems, and allows businesses to diversified funding sources. Besides, debt financing in the business process can also bring a lot to the enterprises financial effect. But at the same time, debt financing, there are also has the negative side, debt would bring a risk to the companies, seriously, will lead to financial crisis, facing bankruptcy. Therefore, correct understanding of corporate debt financing, reasonably use of financial effect, exactly measure of corporate risk is particularly important. This paper will be mainly from the perspective of corporate debt financing, for the financial effects of the debt financing and the risks faced by make analysis. And on this basis, put forward reasonable risk measure methods and preventive measures. Debt financing for the reasonable control of risk solutions. Key words: Debt financing Financial effects Risk 目 录 1引言 1 1.1研究背景 1 1.2研究意义 1 2企业债务融资基本概述 2 2.1债务融资的概念 2 2.2债务融资的基本方式及其特点 2 3企业债务融资的现状分析 4 3.1企业债务融资的现状 4 3.2企业债务融资存在的问题 5 4债务融资的财务效应分析 6 4.1财务杠杆效应 6 4.2利息抵税效应 7 4.3降低资金成本 7 5债务融资的风险分析 8 5.1 企业债务融资的缺点和所带来的风险 8 5.1.1增加财务风险 8 5.1.2削弱再筹资能力 9 5.1.3具有使用和时间上的限制，影响资金周转 9 5.2企业债务融资风险的成因 9 5.2.1对风险认识不充分 9 5.2.