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  本文關鍵詞：H銀行基于財務柔性的企業(yè)價值管理研究　出處：《哈爾濱工業(yè)大學》2015年碩士論文　論文類型：學位論文

  更多相關文章： 城市商業(yè)銀行 企業(yè)價值管理 財務柔性

【摘要】：商業(yè)銀行在引入了股份制改造之后,對其經(jīng)營管理必定需要提出更高的需求,要形成以創(chuàng)造價值、實現(xiàn)價值最大化為核心理念的管理模式。然而面對不確定的市場環(huán)境,商業(yè)銀行的企業(yè)價值管理需要更加靈活,來應對瞬息萬變的市場變化。此時,財務柔性理論便應運而生,并已在國外銀行和國內(nèi)一般企業(yè)中得到了應用。與企業(yè)價值管理活動相對應,財務柔性分為籌資活動柔性、投資活動柔性、經(jīng)營活動柔性和分配活動柔性。本文正是在借鑒國內(nèi)外學者研究的基礎上,運用財務柔性的理論對H銀行的企業(yè)價值管理方法進行優(yōu)化設計,從而有效地提升H銀行的企業(yè)價值。首先,本文闡述了所選擇的案例企業(yè)H銀行的概況,分析了其企業(yè)價值管理活動現(xiàn)狀和企業(yè)價值管理效果現(xiàn)狀,進而從財務柔性的視角提出了H銀行籌資活動財務柔性儲備不足、經(jīng)營活動財務柔性獲取不足和投資活動財務柔性釋放過度的問題,并從宏觀和微觀兩方面對存在問題進行原因分析。其次,本著系統(tǒng)性、有效性和針對性的設計原則對H銀行的組織機構(gòu)和財務制度作了調(diào)整與修改,進而從籌資活動、經(jīng)營活動和投資活動三方面對基于財務柔性的企業(yè)價值管理進行設計。在每一類設計的過程中,均解決了以下三個子問題:一是財務柔性對該項財務活動有哪些影響,二是財務柔性水平的衡量和評價,三是如何結(jié)合H銀行的實際情況對企業(yè)價值管理進行優(yōu)化。然而,僅僅是任何單一方面財務柔性的提高都不能提升整體的企業(yè)價值,只有考慮籌資柔性、經(jīng)營柔性、投資柔性內(nèi)在的邏輯性和關聯(lián)性,找到內(nèi)在的平衡點,才能綜合運用財務柔性有效地提升H銀行的整體價值。最后,為使得所設計的優(yōu)化方法得到最佳效果,提出了一系列保障措施。通過轉(zhuǎn)變傳統(tǒng)價值管理理念、提高財務人員的管理水平和修正與優(yōu)化財務柔性評價體系使得基于財務柔性的企業(yè)價值管理更加客觀。
[Abstract]:After introducing the reform of joint-stock system, commercial banks must put forward higher demand for their management and form to create value. However, in the face of uncertain market environment, the value management of commercial banks needs to be more flexible to cope with the changing market. The theory of financial flexibility came into being, and has been applied in foreign banks and domestic enterprises. Corresponding to enterprise value management activities, financial flexibility is divided into financing activity flexibility, investment activity flexibility. Based on the research of domestic and foreign scholars, this paper uses the theory of financial flexibility to optimize the enterprise value management method of H bank. In order to effectively enhance the enterprise value of H bank. First, this paper describes the selected case of H bank, analyzes the current situation of enterprise value management activities and enterprise value management effect. From the perspective of financial flexibility, this paper puts forward the problems of insufficient financial flexible reserve for financing activities of H bank, insufficient acquisition of financial flexibility for operating activities and excessive release of financial flexibility for investment activities. And from the macro and micro aspects of the reasons for the problems. Secondly, in line with the systematic, effective and targeted design principles of H Bank's organizational structure and financial system have been adjusted and modified. Then it designs the enterprise value management based on financial flexibility from three aspects of financing activities, business activities and investment activities. It has solved the following three sub-problems: first, what impact financial flexibility has on this financial activity, and second, how to measure and evaluate the level of financial flexibility. The third is how to optimize the enterprise value management according to the actual situation of H bank. However, the improvement of financial flexibility in any single aspect can not enhance the overall enterprise value, only consider the financing flexibility. Management flexibility, investment flexibility inherent logic and relevance, find the internal balance point, in order to comprehensively use financial flexibility to effectively enhance the overall value of H bank. Finally. In order to get the best effect of the optimized method, a series of safeguard measures are put forward, and the traditional value management concept is changed. Improving the management level of financial personnel and modifying and optimizing the evaluation system of financial flexibility make enterprise value management based on financial flexibility more objective.
【學位授予單位】：哈爾濱工業(yè)大學
【學位級別】：碩士
【學位授予年份】：2015
【分類號】：F830.42;F832.33

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本文編號：1376980