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  本文關(guān)鍵詞：我國證券公司盈利能力提升問題研究　出處：《西南政法大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 證券公司 盈利能力 提升

【摘要】：證券市場是現(xiàn)代金融市場中的不可或缺的部分，在國民經(jīng)濟的發(fā)展中的作用一直不斷的提升。而證券公司則是證券市場中一個非常重要的中介機構(gòu)，它既是證券市場的參與者也是證券市場的組織者，是影響資源配置的一個主導(dǎo)力量。證券公司盈利能力的提升既有利于證券公司自身的發(fā)展壯大，在國際市場中能與國外成熟證券公司相抗衡，同時對我國整個證券業(yè)和證券市場的發(fā)展都有極其重要的影響。 從我國證券公司的誕生以來，都是主要依靠經(jīng)紀(jì)業(yè)務(wù)來進行盈利，利潤來源于二級市場的經(jīng)紀(jì)業(yè)務(wù)和自營業(yè)務(wù)，其中經(jīng)紀(jì)業(yè)務(wù)占比最大，一般都在50%以上。這就造成了證券公司的盈利水平與證券市場的行情有著高度的相關(guān)性，在2002-2005年間我國出現(xiàn)了全行業(yè)虧損的情況，隨著2006年行情的好轉(zhuǎn)、牛市的到來，才逐步緩解了這一狀況，開始盈利，但是與美國成熟的投資銀行相比，我國證券公司的盈利水平仍然較低，還有很大的提升空間。 從我國第一家證券公司的成立到現(xiàn)在只有三十年的時間，我國證券業(yè)已處在產(chǎn)業(yè)發(fā)展的成長階段，但是我國證券公司目前的盈利狀況并不理想，這與市場政策和市場環(huán)境的變化是密不可分的，但是最主要的原因則在于我國證券公司自身的經(jīng)營模式和抵御市場風(fēng)險的能力。本文將在對美國投資銀行與我國證券公司盈利模式、業(yè)務(wù)范圍、收入結(jié)構(gòu)及盈利能力對比的研究基礎(chǔ)上，找出影響我國證券公司盈利水平的主要影響因素，進行理論及實證分析。在分析結(jié)果的基礎(chǔ)上，對我國證券公司提出對策建議，，使得證券公司能夠在擴展市場空間，提高核心競爭力，提升其盈利能力的穩(wěn)定性方面做出改進。
[Abstract]:The securities market is an indispensable part of the modern financial market, and the role in the development of the national economy has been continuously improved. And the securities company is a very important intermediary in the securities market. It is not only the participant of the securities market but also the organizer of the securities market and a leading force influencing the allocation of resources. The promotion of the profitability of the securities companies is beneficial to the development and growth of the securities companies themselves. In the international market, it can compete with foreign mature securities companies, and at the same time, it has an extremely important influence on the development of the whole securities industry and securities market in our country. Since the birth of the securities companies in our country, they have mainly relied on the brokerage business to make profits. The profit comes from the brokerage business and the proprietary business in the secondary market, in which the brokerage business accounts for the largest proportion. Generally more than 50%. This caused a high degree of correlation between the profit level of securities companies and the stock market, in 2002-2005, there was a loss of the whole industry in China. With the improvement of the market in 2006 and the arrival of the bull market, this situation was gradually alleviated and began to profit. However, compared with the mature investment banks in the United States, the profit level of China's securities companies is still relatively low. There is still a lot of room for improvement. Since the establishment of the first securities company in China only 30 years ago, the securities industry has been in the growth stage, but the current profit situation of the securities companies in China is not ideal. This is inextricably linked to market policy and changes in the market environment. However, the main reason lies in the operating mode of our securities companies and the ability to resist market risks. This paper will focus on the profit model and business scope of American investment banks and Chinese securities companies. On the basis of the comparative study of income structure and profitability, this paper finds out the main factors that affect the profit level of securities companies in China, and makes theoretical and empirical analysis. On the basis of the results of the analysis. This paper puts forward some countermeasures and suggestions to the securities companies in China so that they can improve the market space, improve the core competitiveness and improve the stability of their profitability.
【學(xué)位授予單位】：西南政法大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.39

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