终极产权控制模式对企业融资行为的影响研究
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终极产权控制模式对企业融资行为的影响研究(含选题审批表,任务书,开题报告,毕业论文15000字)
摘 要:本文结合我国主要存在的国有产权和私有产权两种制度,将我国的企业分为国有企业和民营企业,再分别分析国有主权控制模式下和民营主权控制模式下企业的融资行为特点。通过分析发现国有企业存在明显的股权融资偏好,并且由于内部人控制,出现了“一股独大”的现象,民营企业由于我国经济发展的局限和市场的不够成熟等原因,导致融资困难。最后,基于产权模式对于国有企业股权融资偏好问题,提出做好股权融资的监督管理工作,鼓励债务融资的对策,并对国有企业“一股独大”现象提出治理对策;对于民营企业债权融资偏好,提出引进机构投资者,优化债权结构,并完善企业内外部环境,来解决民营企业融资难的问题。
关键词:终极产权;融资行为;国有企业;民营企业;债务结构
Study on the Influence of Control Mode of Ultimate Ownership on
Abstract:In this paper, the existence of China's major state-owned property and private property rights the two systems will be divided into state-owned enterprises in China's enterprises and private enterprises, and then were under the control mode of state-owned sovereign and private enterprises under the sovereign control of the financing mode of behavior characteristics. The analysis shows that state-owned enterprises obvious preference for equity financing, and because of internal control, a "dominance"phenomenon, private enterprises as the limitations of China's economic development and the market is not mature enough and other reasons, led to financing difficulties. Finally, property rights model for the problem of financing preference shares of state-owned enterprises, equity financing is proposed to do the supervision and management measures to encourage debt financing, and state-owned enterprises "dominance"phenomenon proposed countermeasures; debt financing for private enterprises Preferences, proposed the introduction of institutional investors, optimize debt structure, and improve internal and external environment, to solve the difficult problem of financing of private enterprises.
Key words:Ultimate Ownership; Financing; state-owned enterprises; private enterprises; debt structure