融资租赁公司面向施工企业开展业务风险管理研究
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摘要
融资租赁也叫金融租赁、现代租赁,它是将传统的租赁、贸易与金融方式相结合,通过融物的形式达到融资目的的一种交易方式。具有重要地位,它是仅次于银行信贷的第二大融资方式,它顺应了经济发展的需求,有着强大的生命力。
我国于1981年引入融资租赁业务,相继成立了第一家中外合资租赁公司和第一家中资融资租赁公司,比80年代中后期才开始出现的证券市场和证券公司早了近10年。
融资租赁涉及三方,出租方、承租方和供货方,本文是站在出租方即租赁公司的角度上,对其将融资租赁在建筑施工企业中的应用进行研究风险管理方法。目前国内的融资租赁业的发展处于初级阶段,这已严重影响了融资租赁业的健康发展,导致融资租赁风险很重要的原因就是我国融资租赁企业没有建立科学的风险管理体制。目前对融资租赁公司对特定建筑施工行业开展业务的风险研究还非常有限,因此从理论和实践上,探讨融资租赁公司在施工企业开展业务的风险管理,就具有极为重要的意义。
本文首先介绍融资租赁的起源和发展,以及融资租赁理论和实践的国内外发展现状。基于本文主要研究的施工行业,文章分析了施工企业的发展现状、所面临的融资环境。通过介绍施工企业在市场中可供选择的不同融资模式,定性的得出融资租赁是施工企业最佳融资模式的结论。风险管理研究部分,本文在介绍风险管理的概念、特性和基本程序的基础上,从实践的角度出发,通过融资租赁项目案例介绍和风险分析,最终给出风险管理方法。
论文的正文主要由七部分组成:第一部分导论,主要介绍本论文的选题思路和主要贡献;第二部分融资租赁概述;第三部分施工企业开展融资租赁的适应性分析;第四部分施工企业开展融资租赁的模式分析;第五部分施工企业开展融资租赁的风险管理;第六部分施工企业开展融资租赁的案例分析;第七部分结论与展望。
本文的研究是从作为出租人的融资租赁公司的角度出发,在面向施工企业开展融资租赁业务的经营实践的基础上,根据具体融资租赁项目实际情况,按照理论与实践结合的方法,构建风险管理方法体系,为融资租赁公司针对施工企业的租赁项目风险管理提供依据。
The financial leasing is also named modern leasing, which combines traditional leasing, transactions and finance. It is a usual way to raise funds by raising assets. It's the second most popular financing mode which is only inferior to bank credit. Financial leasing meets demand of economy developing. It was introduced into China in 1981. At that time, the first JV leasing company and SOE leasing company were established which are 10-year earlier than securities business appearing during 1980s.
Financial leasing involves in three parties which are lesser, leaser and supplier. This thesis talks about risk control of financial leasing project for construction industry. At present, local leasing industry is in elementary process which makes bad effects on smooth development of leasing industry. The reason why there exists huge risk in leasing industry is the scientific risk control system not established yet. The research on how to control risk for leasing project of construction industry is still very limited. So in point view of theory and practice, it's significant to discuss about how to control risk in leasing project of construction industry.
The thesis introduces origin and development of financial leasing and also the status in quo of theory and practice worldwide firstly. On base of construction industry, the thesis analyzes development and financing environment of local construction industry. The thesis finally educes financial leasing is the best financing mode for construction industry from introducing different financing modes which can be found in market. In the part of risk control research, the thesis finally gives risk control method through introducing financial leasing project and risk analysis from practice in base of risk control concept, characteristics and fundamental process.
The text of this thesis is made up of seven parts. The first is introduction which mainly introduces topic choosing and contribution. The second part is summary of financial leasing. Thirdly, the thesis talks about analysis of plasticity of financial leasing for construction enterprise. The fourth part is mode analysis of financial leasing for construction enterprise. The fifth part introduces how to control risk in financial leasing for construction enterprise. The sixth part is project analysis. The last part is conclusion and expectation.
The research of the thesis is based on practical condition of details in leasing project. The target of the thesis is to help financial leasing company build up risk control management system for construction enterprise.
我国于1981年引入融资租赁业务,相继成立了第一家中外合资租赁公司和第一家中资融资租赁公司,比80年代中后期才开始出现的证券市场和证券公司早了近10年。
融资租赁涉及三方,出租方、承租方和供货方,本文是站在出租方即租赁公司的角度上,对其将融资租赁在建筑施工企业中的应用进行研究风险管理方法。目前国内的融资租赁业的发展处于初级阶段,这已严重影响了融资租赁业的健康发展,导致融资租赁风险很重要的原因就是我国融资租赁企业没有建立科学的风险管理体制。目前对融资租赁公司对特定建筑施工行业开展业务的风险研究还非常有限,因此从理论和实践上,探讨融资租赁公司在施工企业开展业务的风险管理,就具有极为重要的意义。
本文首先介绍融资租赁的起源和发展,以及融资租赁理论和实践的国内外发展现状。基于本文主要研究的施工行业,文章分析了施工企业的发展现状、所面临的融资环境。通过介绍施工企业在市场中可供选择的不同融资模式,定性的得出融资租赁是施工企业最佳融资模式的结论。风险管理研究部分,本文在介绍风险管理的概念、特性和基本程序的基础上,从实践的角度出发,通过融资租赁项目案例介绍和风险分析,最终给出风险管理方法。
论文的正文主要由七部分组成:第一部分导论,主要介绍本论文的选题思路和主要贡献;第二部分融资租赁概述;第三部分施工企业开展融资租赁的适应性分析;第四部分施工企业开展融资租赁的模式分析;第五部分施工企业开展融资租赁的风险管理;第六部分施工企业开展融资租赁的案例分析;第七部分结论与展望。
本文的研究是从作为出租人的融资租赁公司的角度出发,在面向施工企业开展融资租赁业务的经营实践的基础上,根据具体融资租赁项目实际情况,按照理论与实践结合的方法,构建风险管理方法体系,为融资租赁公司针对施工企业的租赁项目风险管理提供依据。
The financial leasing is also named modern leasing, which combines traditional leasing, transactions and finance. It is a usual way to raise funds by raising assets. It's the second most popular financing mode which is only inferior to bank credit. Financial leasing meets demand of economy developing. It was introduced into China in 1981. At that time, the first JV leasing company and SOE leasing company were established which are 10-year earlier than securities business appearing during 1980s.
Financial leasing involves in three parties which are lesser, leaser and supplier. This thesis talks about risk control of financial leasing project for construction industry. At present, local leasing industry is in elementary process which makes bad effects on smooth development of leasing industry. The reason why there exists huge risk in leasing industry is the scientific risk control system not established yet. The research on how to control risk for leasing project of construction industry is still very limited. So in point view of theory and practice, it's significant to discuss about how to control risk in leasing project of construction industry.
The thesis introduces origin and development of financial leasing and also the status in quo of theory and practice worldwide firstly. On base of construction industry, the thesis analyzes development and financing environment of local construction industry. The thesis finally educes financial leasing is the best financing mode for construction industry from introducing different financing modes which can be found in market. In the part of risk control research, the thesis finally gives risk control method through introducing financial leasing project and risk analysis from practice in base of risk control concept, characteristics and fundamental process.
The text of this thesis is made up of seven parts. The first is introduction which mainly introduces topic choosing and contribution. The second part is summary of financial leasing. Thirdly, the thesis talks about analysis of plasticity of financial leasing for construction enterprise. The fourth part is mode analysis of financial leasing for construction enterprise. The fifth part introduces how to control risk in financial leasing for construction enterprise. The sixth part is project analysis. The last part is conclusion and expectation.
The research of the thesis is based on practical condition of details in leasing project. The target of the thesis is to help financial leasing company build up risk control management system for construction enterprise.
引文
[1]艾索姆·阿门巴尔,1989:《租赁技巧与分析》,中国经济出版社
[2]蔡鲁伦,《中小企业融资的五大制约因素分析》,《财贸经济》1999年第6期
[3]程东跃,2006:《融资租赁风险管理》,中国金融出版社
[4]储祥银、门明,1993:《国际租赁实务》,北京对外贸易教育出版社
[5]蒂蒙斯,2002:《创业企业融资》,华夏出版社
[6]范钦建,1992:《企业设备租赁》,山东大学出版社
[7]宫内义彦,1990:《金融租赁学》,中国对外经济贸易出版社
[8]国家统计局固定资产投资统计司,1996:《中国建筑业统计年鉴》,中国统计出版社
[9]何治学,2006:《施工企业大型设备租赁与购置的选择》,《建筑机械化》,第6期
[10]阂绥艳,2005:《信托与租赁》,科学出版社
[11]黄秀清,《租赁经济研究》,北京:商务印书馆1997
[12]姜仲勤,2002:《融资租赁在中国问题与解答》,北京机械工业出版社
[13]李国光等,2004:《融资租赁典型案例评析,北京:人民法院出版社
[14]李丽华、张守,2005:《融资租赁在基础产业中的应用分析》,《商业时代》第12期
[15]李平,2000:《运用融资租赁解决中小企业融资难题》,《经济师》第11期
[16]林小平、曲晶,2002:《国家政策对国内融资租赁业发展的影响决,《涉外税务》第1期
[17]刘百宁、王海旗、王兆琪,2004:《中小企业融资租赁实务与技巧》,中国经济出版社
[18]陆泽锋,2000:《金融创新与法律变革》,北京法律出版社
[19]罗伯特·普里查德,1985:《租赁还是购买》,上海翻译出版社
[20]穆龙,2007:《融资租赁在印刷行业中的运用情况及分析》(学位论文),山东大学
[21]欧阳卫民,2000:《中国金融租赁业的现状和出路》,中国金融出版社
[22]裘企阳,2001:《融资租赁理论探讨与实务操作》.,中国财政经济出版社
[23]屈延凯,2002:《充分认识融资租赁在促进国民经济运行和发展中的特殊作用》,中国租赁网
[24]史燕平,2004:《融资租赁及其宏观经济效应》,对外经济贸易出版社
[25]谭秋桂,2003:《租赁合同、融资租赁合同实务指南》,知识产权出版社
[26]陶应虎、李传妓,2003:《我国融资租赁业发展的制约因素及其对策》,《经 济师》第4期
[27]王冰,2005:《租赁业的基本分类及概念辨析》,《南宁师范高等专科学校学报》第2期
[28]王天宗,2001年:《对现代租赁与中小企业发展的两点思考》,《技术经济与管理研究》第3期
[29]王豫川,1997:《金融租赁导论》,北京大学出版社
[30]肖厚忠,关柯,李小东,2007:《建筑业经济新论》,重庆大学出版社
[31]杨育谋,2003:《抢滩金融租赁》,《中国投资》第8期
[32]叶文振,1999:《国际租赁学》,山西经济出版社
[33]邹川宁,2005:租赁合同融资租赁合同案例评析,知识产权出版社
[34]T·M·克拉克,1984:《租赁》,北京中国物资出版社
[35]Barclay and Smith,1995:"The Maturity Structure of Corporate Debt",Journal of Finance,p609-631
[36]Petersen and Rajan,1994:"The Benefits of Lending Relationships:Evidence from Small Business data",The Journal of Finance,p3-37
[37]Terry A.Isom,Sudhir P.Amembal,1982:The Handbook of Leasing-Techniques Analysis,Peteocelli Books
[2]蔡鲁伦,《中小企业融资的五大制约因素分析》,《财贸经济》1999年第6期
[3]程东跃,2006:《融资租赁风险管理》,中国金融出版社
[4]储祥银、门明,1993:《国际租赁实务》,北京对外贸易教育出版社
[5]蒂蒙斯,2002:《创业企业融资》,华夏出版社
[6]范钦建,1992:《企业设备租赁》,山东大学出版社
[7]宫内义彦,1990:《金融租赁学》,中国对外经济贸易出版社
[8]国家统计局固定资产投资统计司,1996:《中国建筑业统计年鉴》,中国统计出版社
[9]何治学,2006:《施工企业大型设备租赁与购置的选择》,《建筑机械化》,第6期
[10]阂绥艳,2005:《信托与租赁》,科学出版社
[11]黄秀清,《租赁经济研究》,北京:商务印书馆1997
[12]姜仲勤,2002:《融资租赁在中国问题与解答》,北京机械工业出版社
[13]李国光等,2004:《融资租赁典型案例评析,北京:人民法院出版社
[14]李丽华、张守,2005:《融资租赁在基础产业中的应用分析》,《商业时代》第12期
[15]李平,2000:《运用融资租赁解决中小企业融资难题》,《经济师》第11期
[16]林小平、曲晶,2002:《国家政策对国内融资租赁业发展的影响决,《涉外税务》第1期
[17]刘百宁、王海旗、王兆琪,2004:《中小企业融资租赁实务与技巧》,中国经济出版社
[18]陆泽锋,2000:《金融创新与法律变革》,北京法律出版社
[19]罗伯特·普里查德,1985:《租赁还是购买》,上海翻译出版社
[20]穆龙,2007:《融资租赁在印刷行业中的运用情况及分析》(学位论文),山东大学
[21]欧阳卫民,2000:《中国金融租赁业的现状和出路》,中国金融出版社
[22]裘企阳,2001:《融资租赁理论探讨与实务操作》.,中国财政经济出版社
[23]屈延凯,2002:《充分认识融资租赁在促进国民经济运行和发展中的特殊作用》,中国租赁网
[24]史燕平,2004:《融资租赁及其宏观经济效应》,对外经济贸易出版社
[25]谭秋桂,2003:《租赁合同、融资租赁合同实务指南》,知识产权出版社
[26]陶应虎、李传妓,2003:《我国融资租赁业发展的制约因素及其对策》,《经 济师》第4期
[27]王冰,2005:《租赁业的基本分类及概念辨析》,《南宁师范高等专科学校学报》第2期
[28]王天宗,2001年:《对现代租赁与中小企业发展的两点思考》,《技术经济与管理研究》第3期
[29]王豫川,1997:《金融租赁导论》,北京大学出版社
[30]肖厚忠,关柯,李小东,2007:《建筑业经济新论》,重庆大学出版社
[31]杨育谋,2003:《抢滩金融租赁》,《中国投资》第8期
[32]叶文振,1999:《国际租赁学》,山西经济出版社
[33]邹川宁,2005:租赁合同融资租赁合同案例评析,知识产权出版社
[34]T·M·克拉克,1984:《租赁》,北京中国物资出版社
[35]Barclay and Smith,1995:"The Maturity Structure of Corporate Debt",Journal of Finance,p609-631
[36]Petersen and Rajan,1994:"The Benefits of Lending Relationships:Evidence from Small Business data",The Journal of Finance,p3-37
[37]Terry A.Isom,Sudhir P.Amembal,1982:The Handbook of Leasing-Techniques Analysis,Peteocelli Books