企业负债经营及风险控制分析.docVIP

企业负债经营及风险控制分析 摘要：随着我国市场经济的发展，负债经营已经成为广大企业普遍接受的一种融资方式。负债经营是指企业通过利用银行贷款、发行各种债券、融资租赁和商业信用等各种方式来筹集资金弥补自有资金的不足，以获取最大收益的一种经营活动方式。它不仅能及时快速地满足企业对生产经营所需资金的要求，同时还能提高企业的市场竞争能力,扩大生产规模,在保持现有股东控制权的前提下实现股东财富的快速增长，为企业带来生机和效益；但它同时又具有不利的一面，不合理的负债经营会给企业带来巨大的风险，甚至危及企业的生存。因此，如何正确认识负债经营及其所带来的财务风险，充分发挥它的积极作用，尽可能避免或控制风险，对企业具有十分重要的意义。 关键词：负债经营；财务风险；影响；对策 Corporate Debt Management and Risk Control Analysis Abstracts: With the development of Chinas market economy, debt management has become general corporate financing. Debt management is an enterprise through using bank loans, issuing bonds, leasing and trade credit financing in various ways to raise funds to make up for lack of its own funds to obtain the maximum benefit of a business approaches. It can not only quickly and timely to meet the business-to-production and operating capital requirements, while improving the market competitiveness, expand production scale, while maintaining the existing shareholders under the premise of control to achieve rapid growth in shareholder wealth for the enterprise bring vitality and effectiveness; but it also has negative side, the unreasonable debt management will bring huge business risk, and even threaten the survival of enterprises. Therefore, how to correctly understand the liabilities arising from operating and financial risks, and give full play its positive role, as much as possible to avoid or control risk, the enterprise is of great significance. Keywords: Operating liabilities; Financial Risk; Effect; Measure 目 录 TOC \o 1-3 \h \z \u 1 负债经营的基本概念 1 1.1负债经营的特点 1 1.2 负债经营的必要性 1 1.3 负债经营的前提条件 2 2 负债经营对企业的影响 2 2.1负债经营的积极作用 2 2.1.1负债经营有利于企业实现自身价值 2 2.1.2 负债经营有利于降低企业的综合资金成本 3 2.1.3负债经营有利于股东保持企业的控制权 3 2.1.4负债经营有利于企业转嫁通货膨胀风险 3 2.1.5负债经营有利于企业获得“杠杆效应” 4 2.2 负债经营的潜在风险 6 2.2.1 财务杠杆负效应 5 2.2.2 无力偿付债务风险 5 2.2.3 再筹资风险 6 2.2.4 利率变动风险 6 2.2.5 股票价格下跌风险 6 3 负债经营的风险控制建议 6 3.1 确定合理的负债规模 7 3.2 确定合理的资本结构和负债结构 7 3.3 确定合理的融资方案和发展规划 8 3.4 设定合理的发展规划 8 3.5加强企业经营管理 9 3.6