我国房地产企业融资结构与优化研究.pdfVIP

摘要 房地产企业是我国国民经济发展中重要性支柱产业之一，对全社会的经济繁 荣发展起着关键性的影响和作用。近年来，房价的非理性上涨已非绝大多数消费 者所能承受，随着我国一系列针对房地产调控的政策出台，楼市已步入寒冬，地 产商现金流周转几近停滞，政府还通过紧缩银行信贷等方式来限制房地产企业的 融资，导致我国房地产企业融资难度越来越高，成本不断加大。面临这种困境， 需要我国房地产企业切实拓展多元化融资方式，才能有效解决房地产企业眼前资 金日益短缺且融资难的窘境。 本文以官方统计数据为依托，采用理论与实际相结合的方式，对我国房地产 金融市场发展情况作介绍和分析。在理论方面，本文以融资原则为基础，主要研 究国内外主流企业融资理论，分析各种融资方式的优劣；在实践方面，本文通过 发达国家房地产融资方式与我国融资方式对比，研究了我国房地产企业融资的主 要融资渠道，包括银行贷款、发行股票、发行债券、房地产信托、房地产投资信 托基金等方式，以及我国房地产企业融资未来可能发展趋势。笔者认为目前我国 房地产企业仍严重依赖于银行贷款，应积极探索房地产企业融资方式单一突破 口，通过尽快建立多层次的房地产金融体系、完善有关房地产企业融资业务的法 律法规、完善房地产企业信贷监管制度、大力发展多元化的房地产金融市场等方 式，加快房地产企业融资渠道创新，不断完善和推进房地产金融市场和房地产金 融机构业务创新，以促进房地产企业融资健康发展。 关键词：企业融资 资本结构理论 融资渠道 I Abstract Real estate enterprises play a key role in our country national economy development to the entire societys economic prosperity and development. In recent years, the prices of non-rational rose make most consumers can’t afford, along with our country a series of real estate regulatory policies, of which a large number of policy by tightening bank credit and ways to limit the financing of the real estate industry, leading to Chinas real estate more financing difficulty and costs increase. Faced with this dilemma, real estate enterprises in our country expand diversified financing mode to effectively address the real estate business in front of capital shortage and financing difficulties. According to official statistics as the basis, using the combination of theoretical and practical way, our country introduces and analysis the financial market of the real estate development. In theory, this paper regards financing based on the principle, main research at home and abroad mainstream enterprise financi