發(fā)布時(shí)間：2018-07-01 10:23

  本文選題：成長(zhǎng)期科技型企業(yè) + 融資風(fēng)險(xiǎn)��； 參考：《哈爾濱工程大學(xué)》2014年博士論文

【摘要】：當(dāng)前,國(guó)際國(guó)內(nèi)的實(shí)踐與理論都表明,科技型企業(yè)的健康發(fā)展對(duì)一國(guó)綜合國(guó)力的提升具有重要作用,而科學(xué)技術(shù)只有得到金融的有效支持,才能發(fā)揮其真正作用。相關(guān)理論表明,科技型企業(yè)各個(gè)成長(zhǎng)階段都有其鮮明特征,且科技型企業(yè)在成長(zhǎng)階段的融資需求最大,所呈現(xiàn)的融資風(fēng)險(xiǎn)也最為突出。因此,如何全面分析、科學(xué)評(píng)估、及時(shí)預(yù)警、并合理有效地控制融資風(fēng)險(xiǎn),對(duì)于成長(zhǎng)期科技型企業(yè)有效利用資金促進(jìn)其研發(fā)與生產(chǎn)、保持企業(yè)的快速成長(zhǎng)、提升其綜合競(jìng)爭(zhēng)力,具有重要的理論與實(shí)踐意義。本文在梳理、回顧與科技型企業(yè)融資風(fēng)險(xiǎn)相關(guān)文獻(xiàn)的基礎(chǔ)上,首先對(duì)科技型企業(yè)的范圍以及成長(zhǎng)階段的標(biāo)準(zhǔn)進(jìn)行了界定,并分析了科技型企業(yè)區(qū)別于一般傳統(tǒng)企業(yè)的高技術(shù)含量、高成長(zhǎng)性、高投入、高風(fēng)險(xiǎn)等特征。在此基礎(chǔ)上,建立了針對(duì)成長(zhǎng)期科技型企業(yè)的“風(fēng)險(xiǎn)分析—風(fēng)險(xiǎn)識(shí)別—風(fēng)險(xiǎn)評(píng)估—風(fēng)險(xiǎn)預(yù)警—風(fēng)險(xiǎn)控制”的融資風(fēng)險(xiǎn)管理的研究架構(gòu)。其次,鑒于科技型企業(yè)融資風(fēng)險(xiǎn)因素的動(dòng)態(tài)性與相互作用的特征,本文以耗散結(jié)構(gòu)和耦合現(xiàn)象分析為理論基礎(chǔ),結(jié)合以風(fēng)險(xiǎn)源因素、風(fēng)險(xiǎn)閾值、風(fēng)險(xiǎn)后果等要素構(gòu)成的融資風(fēng)險(xiǎn)生成的研究框架,剖析了成長(zhǎng)期科技型企業(yè)融資風(fēng)險(xiǎn)生成過(guò)程的機(jī)理。第三,通過(guò)與科技型企業(yè)的訪談結(jié)果與相關(guān)文獻(xiàn)的整理,針對(duì)成長(zhǎng)期科技型企業(yè)提出了潛在融資風(fēng)險(xiǎn)因素的理論假設(shè),并以此為基礎(chǔ)對(duì)129家成長(zhǎng)期科技型企業(yè)進(jìn)行問(wèn)卷調(diào)查,運(yùn)用因子分析與回歸分析方法,識(shí)別出影響融資風(fēng)險(xiǎn)后果的關(guān)鍵風(fēng)險(xiǎn)因子及其變量。第四,以識(shí)別的風(fēng)險(xiǎn)因子及其變量為基礎(chǔ)構(gòu)建成長(zhǎng)期科技型企業(yè)融資風(fēng)險(xiǎn)評(píng)估指標(biāo)體系,采用粗糙集理論對(duì)各風(fēng)險(xiǎn)因子與指標(biāo)賦權(quán),并結(jié)合模糊綜合評(píng)估方法,對(duì)融資風(fēng)險(xiǎn)各關(guān)鍵因子生成的可能性、總體融資風(fēng)險(xiǎn)生成的可能性及風(fēng)險(xiǎn)后果程度進(jìn)行了評(píng)估。最后,根據(jù)融資風(fēng)險(xiǎn)生成的過(guò)程機(jī)理、關(guān)鍵融資風(fēng)險(xiǎn)因素的識(shí)別、融資風(fēng)險(xiǎn)評(píng)估的研究結(jié)果,本文提出了成長(zhǎng)期科技型企業(yè)融資風(fēng)險(xiǎn)的預(yù)警系統(tǒng)的構(gòu)建、融資風(fēng)險(xiǎn)的控制方式與控制措施及完善融資風(fēng)險(xiǎn)預(yù)警與控制的保障體系。
[Abstract]:At present, the practice and theory both at home and abroad show that the healthy development of sci-tech enterprises plays an important role in the promotion of a country's comprehensive national strength, and only if science and technology are effectively supported by finance can they play their real role. The relevant theories show that each growth stage of science and technology enterprises has its distinct characteristics, and the financing needs of science and technology enterprises in the growth stage are the greatest, and the financing risks presented are also the most prominent. Therefore, how to make comprehensive analysis, scientific evaluation, timely early warning and reasonable and effective control of financing risks, and how to effectively use funds to promote R & D and production, to maintain the rapid growth of enterprises, and to enhance their comprehensive competitiveness, It has important theoretical and practical significance. On the basis of combing and reviewing the literature related to financing risk of sci-tech enterprises, this paper first defines the scope of sci-tech enterprises and the standards of their growth stage. The characteristics of high technology content, high growth, high investment and high risk are analyzed. On this basis, the research framework of financing risk management of "risk analysis-risk identification-risk assessment-risk early warning-risk control" for the growing science and technology enterprises is established. Secondly, in view of the dynamic and interactive characteristics of financing risk factors in sci-tech enterprises, based on the analysis of dissipative structure and coupling phenomena, this paper combines the risk source factors and the risk threshold. Based on the research framework of financing risk generation, the mechanism of financing risk generation process of science and technology enterprises in growing period is analyzed. Thirdly, through the results of interviews with science and technology enterprises and the collation of relevant documents, this paper puts forward the theoretical hypothesis of potential financing risk factors for the growing science and technology enterprises, and makes a questionnaire survey on 129 growing science and technology enterprises on this basis. By means of factor analysis and regression analysis, the key risk factors and their variables affecting the consequences of financing risk are identified. Fourthly, based on the identified risk factors and their variables, the index system of financing risk assessment for science and technology enterprises in the growing period is constructed. The rough set theory is used to empower each risk factor and index, and the fuzzy comprehensive evaluation method is combined. The possibility of each key factor of financing risk, the possibility of overall financing risk generation and the degree of risk consequence are evaluated. Finally, according to the process mechanism of financing risk generation, the identification of key financing risk factors and the research results of financing risk assessment, this paper puts forward the construction of early-warning system of financing risk in growing science and technology enterprises. The control methods and measures of financing risk and the guarantee system of early warning and control of financing risk are improved.
【學(xué)位授予單位】：哈爾濱工程大學(xué)
【學(xué)位級(jí)別】：博士
【學(xué)位授予年份】：2014
【分類號(hào)】：F276.44;F832.4
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本文編號(hào)：2087472