《抵押证劵的杠杆效应带来的风险问题研究》-毕业学术论文设计.docVIP

w w 抵押证劵的杠杆效应带来的风险问题研究 摘 要 企业要发展,经济要增长，就得有投入，在企业自有资本私有制的情况下，举债投入无可非议。那么，怎样才能在企业发展和控制负债风险之间寻求一条最佳途径？在一般情况下，负债成本必须低于投资项目预期回报额，否则，经营无利可图，任何优惠的筹资条件、诱人的投资项目都是不可取的。抵押证券是把双刃刀，高收益的前提下，必然带来高风险 关键词：企业发展；高风险；投入；杠杆性 Risks of financial leverage Abstract Abstract: Give me a fulcrum, I can Qiaoqi Earth. Archimedess famous image accurately describes the natural sciences leverage. Leverage can produce miraculous strength and leverage in the financial management of the same presence. Financial management principle of the lever in a difficult pondering the magic. Such leverage, as a double-edged sword, in the operational effectiveness of good time, it would allow the rapid growth of corporate interest in the poor efficiency of enterprises, it will seriously damage business. Leverage risk and the principle firmly tied. It is worth noting that: Regardless of whether managers are willing to accept this kind of leverage, as long as the existence of fixed costs, such miraculous strength always exist. The financial leverage including two categories: operating leverage and financial leverage. We must fully understand it, understand it and then work hard to master it, seek advantages and avoid disadvantages, so that it can help them play a more effective. Key words: enterprise； fiscal administration； operating； leverage； risk目 录 毕业论文原创性声明和毕业论文版权使用授权书……………Ⅰ 摘 要……………………………………………………………………………… Abstract……………………………………………………………………………Ⅲ 插图索引……………………………………………………………………………Ⅴ 一、 绪 论……………………………………………………………………………… 二、 企业财务管理中的杠杆种类……………………………………………………… （一）经营杠杆与企业经营风险的关系……………………………………………… （二）财务杠杆与企业财务风险的关系……………………………………………… （三）综合杠杆与企业总风险的关系………………………………………………… 三、关于抵押贷款证券（Mortgage-backed securities）的风险问题………………… （一） MBS的收益模式个人理解…………………………………………… （二） 预期利率上涨分析……………………………………………………………… 四、 杠杆效应与风险的关系……………………………………………… （一） 认识误解……………………………………………………………… （二） 杠杆效应风险的示列………………………………………………… 五、利用抵押证卷杠杆性赚取收益和分析风险由来与解决办法……………… （一）如何利用抵押证卷杠杆性赚取收益………………………………………… （二）分析风险由来与解决办法……………………………………………………… 结 语…………………………………………………