寶鋼集團(tuán)產(chǎn)融結(jié)合的效應(yīng)分析
本文選題:產(chǎn)融結(jié)合 + 寶鋼集團(tuán); 參考:《青島大學(xué)》2017年碩士論文
【摘要】:當(dāng)前我國(guó)正處在經(jīng)濟(jì)轉(zhuǎn)軌的特殊歷史時(shí)期,隨著我國(guó)供給側(cè)改革不停升溫,傳統(tǒng)產(chǎn)業(yè)和金融行業(yè)都面臨轉(zhuǎn)型升級(jí)的壓力,企業(yè)集團(tuán)紛紛選擇產(chǎn)融結(jié)合作為提升集團(tuán)運(yùn)作效率和企業(yè)集團(tuán)競(jìng)爭(zhēng)力的重要手段。盡管產(chǎn)融結(jié)合成為企業(yè)集團(tuán)實(shí)現(xiàn)跨越式發(fā)展的普遍選擇,但其本身也是一把雙刃劍,在實(shí)現(xiàn)資源的優(yōu)勢(shì)互補(bǔ),帶來(lái)降低交易成本,緩解融資約束等諸多利好的同時(shí)也加大了企業(yè)集團(tuán)的經(jīng)營(yíng)風(fēng)險(xiǎn)和財(cái)務(wù)風(fēng)險(xiǎn),這使得關(guān)注企業(yè)集團(tuán)產(chǎn)融戰(zhàn)略實(shí)施機(jī)制以及其對(duì)微觀經(jīng)濟(jì)個(gè)體的影響這一問(wèn)題更為關(guān)鍵和必要。寶鋼集團(tuán)作為我國(guó)產(chǎn)融結(jié)合的先驅(qū)者,其產(chǎn)融結(jié)合歷程值得深入分析和研究。本文參考整理前人研究文獻(xiàn),運(yùn)用歸納分析法、案例分析法以及實(shí)證研究法對(duì)寶鋼集團(tuán)產(chǎn)融結(jié)合歷程及其效應(yīng)展開(kāi)研究,立足于我國(guó)產(chǎn)融結(jié)合當(dāng)前狀況,歸納總結(jié)出發(fā)展型、投資型、服務(wù)型三種產(chǎn)融型企業(yè)集團(tuán)發(fā)展模式,并分模式分析其影響企業(yè)集團(tuán)財(cái)務(wù)活動(dòng)的作用機(jī)理,結(jié)合寶鋼集團(tuán)案例,劃分出三個(gè)產(chǎn)融結(jié)合歷程,之后對(duì)不同階段寶鋼集團(tuán)產(chǎn)融結(jié)合進(jìn)行歷程分析、環(huán)境分析以及機(jī)制分析,比較不同階段下產(chǎn)融結(jié)合對(duì)寶鋼集團(tuán)財(cái)務(wù)活動(dòng)的影響,并基于DEA模型評(píng)價(jià)寶鋼集團(tuán)產(chǎn)融結(jié)合效率。本文基于寶鋼集團(tuán)產(chǎn)融結(jié)合案例的剖析總結(jié)成功經(jīng)驗(yàn),發(fā)現(xiàn)歸納寶鋼集團(tuán)產(chǎn)融結(jié)合存在產(chǎn)融結(jié)合模式選擇具有階段適應(yīng)性,產(chǎn)融結(jié)合發(fā)展與商業(yè)模式創(chuàng)新相適應(yīng),產(chǎn)融結(jié)合與公司治理相配合的特點(diǎn),并針對(duì)如何提高寶鋼集團(tuán)產(chǎn)融結(jié)合效率的問(wèn)題從外部環(huán)境、集團(tuán)層面兩個(gè)角度提出建議,以期為我國(guó)產(chǎn)融結(jié)合研究提供參考。
[Abstract]:At present, our country is in a special historical period of economic transition. With the continuous heating up of supply-side reforms in our country, both traditional industries and financial industries are facing the pressure of transformation and upgrading. Enterprise groups choose the combination of production and finance as an important means to improve the efficiency of operation and competitiveness of enterprise groups. Although the combination of production and finance has become a common choice for enterprise groups to achieve leap-forward development, it is also a double-edged sword, which has brought about a reduction in transaction costs by complementing the advantages of resources. At the same time, it also increases the management risk and financial risk of the enterprise group, which makes it more important and necessary to pay attention to the implementation mechanism of the enterprise group industry and finance strategy and its influence on the microeconomic individual. Baosteel Group, as the forerunner of our domestic financial combination, deserves further analysis and research. Based on the current situation of China's domestic financial integration, this paper studies the process and effect of industrial and financial integration of Baosteel Group by using inductive analysis, case analysis and empirical research, based on the current situation of domestic combination of finance and industry, and summarizes the developmental type, which is based on the current situation of China's domestic combination of finance and industry. Three development modes of investment and service enterprise groups are analyzed, and the mechanism of their influence on the financial activities of enterprise groups is analyzed. In combination with the case of Baosteel Group, the three processes of combination of production and finance are divided. After that, the paper analyzes the history, environment and mechanism of the combination of production and finance in different stages of Baosteel Group, compares the influence of the combination of production and finance on the financial activities of Baosteel Group in different stages, and evaluates the efficiency of the combination of production and Finance of Baosteel Group based on DEA model. Based on the analysis and summary of the successful experience of Baosteel Group, this paper finds that the combination of production and finance has the stage adaptability, and the development of the combination of industry and finance is suitable for the innovation of business model. The characteristics of the combination of industry and finance and corporate governance, and how to improve the efficiency of the combination of production and finance of Baosteel Group from the external environment, group level two points of view, in order to provide a reference for our domestic financial combination research.
【學(xué)位授予單位】:青島大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2017
【分類(lèi)號(hào)】:F406.7;F426.31
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