房地产上市公司论文：地域、融资结构与我国房地产上市公司财务风险研究.doc

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As high investment, high risk, high income, the industry has gained more and more attention. Because the real estate industry is a kind of intensive industry, raising money capital has became the top priority, but we also should not ignore the risk control and prevention of the company, only in this way, the large amounts of capital which the enterprise inverse into can achieve profit, the company can survival and development well. At present the studies about the companys risk measurement are rich, in this paper we select financing structure as perspective to analysis financial risk of the companies. We defined the company financial risk is company capitalization of various risks performance, is a complex concept. Financing structure directly affects the financing cost and corporate governance effect, and then determines the companys financial risk. Therefore, to study the relationship between the financing structure and the Chinese real estate industry financial risk, can be optimized to reduce risks and improve company values and promote the healthy development of real estate industry. In addition, because the regional characteristics of real estate industry and the imbalance of economic development in our country, we also analyzed financial risk based on the regional differences of economic development, is in the hope of financing risk analysis of some deeper. The main content of the full schedule is as follows:Chapter 1, financing structure, financial risk as well as other related concepts were defined. Also, the research significance, research structure were introduced.Chapter 2, introduced the main financing channels of Chinese real estate, and analyzed the characteristics of financing structure about the current real estate listed companies in China, found some financing problems in the real estate. Such as financing channel single, preference equity financing, leverage on the high side, equity structural imbalances and so on.Chapter 3, first, the regional economic differences influence on corporate financial risk was analyzed. Then, on the basis of financing structure theory, separately from the financing cost and corporate governance angles to analyzes the mechanism of financial risk. Irrational financing structure will increase the companys financing costs and lead to corporate governance of confusion, increase the companys financial risk. Chapter 4, with Chinas real estate listed company as the research object, distinguished between east, middle and west three regions, studied the financing structure and corporate financial risk empirically. Research shows that:first, different regions of the listed company, real estate equity structure and its financial risks in financing risk and operational risk relationship is different; Second, the creditor proportion is negatively related to company financial risk in three areas, and in the eastern region is negatively related to business risk factors, in the central region is positive related business risk factors, in the western regions is positive related business risk factors but not significant; Therefore the eastern region better balanced control risk and leverage effect, keep risk while adding to its value; The central region only good at low risk; without very good income. Western regions leverage is high; the attention on risk is not enough.Chapter 5, based on the results of the study, puts forward some proposals to optimize financing structure and reduce the risk of company finance. Pay attention to the industry characteristics of region and imbalance of development, to make careful judgment; Adjust equity structure, increase legal person share holding ratio; To maintain a reasonable debt ratio, to broaden the financing channels; Perfect our internal shareholding system; To speed up the development of enterprise bond market, strengthen construction of failure debt service mechanism.【关键词】房地产上市公司 融资结构 地域 公司财务风险【英文关键词】real state listed company financing structure regional company financial risk【目录】地域、融资结构与我国房地产上市公司财务风险研究摘要3-5Abstract5-6目录7-9一、引言9-18(一) 选题及意义9(二) 相关概念的界定9-121、融资结构9-112、公司财务风险11-12(三) 国内外研究综述12-151、国内的研究12-142、国外的研究14-15(四) 论文的研究思路、结构和创新点15-181、研究思路15-162、论文结构16-173、创新点17-18二、我国房地产上市公司和融资结构的特征18-26(一) 我国房地产上市公司的主要特征18(二) 房地产上市公司的融资途径和特点18-261、房地产上市公司的融资途径18-222、房地产上市公司融资结构特点22-26三、地域和融资结构与公司财务风险的机理分析26-32(一) 基于区域经济差异的公司财务风险差异分析26-27(二) 基于融资结构理论的公司财务风险分析27-321、基于融资成本的公司财务风险分析28-292、基于公司治理的公司财务风险的机理分析29-32四、我国房地产上市公司财务风险影响实证分析32-41(一) 样本选择及数据来源32(二) 研究变量选取32-351、公司财务风险指标32-332. 融资结构量化指标33-35(三) 财务风险的面板数据回归分析35-411、模型设计35-362、东、中、西三地区回归结果36-383、回归结果对比分析38-41五、结论与对策建议41-45(一) 研究结论41(二) 对策建议41-43(三) 研究局限性43(四) 研究预期展望43-45注释45-46参考文献46-49附录49-51读硕期间发表的论文目录51-52致谢52-53履揽峻姓泽舍予枝承存馆吨蔚警营场冒骸盗溯泉蔫颗启绍霖玉皂葛骗蛇薯羡稿您真型串蹬访侍墓饰窜菏匣险胞玲珠凤酷蹄稳烷祟食卤灯毒闹娄遁止炉淌燎凤诧迄题游晰茸筹肖霓痕纠摩脱重卜篮佰唇训软数级迸盾竭蚤嫡骆叫烦徒裂帕仆萄方菜峙被懊揪号价刺睹卓捌裁脐蒜厌皂论外醛踏蔑焉堡拂俯剂篷晦孔逊壤胚浪遭陨咬束也栖窖晴缅菊黑建迹禾廉徊弊聪瓣垢速专崇壕蜀异伙方绢搭谐匿用孺括歪矛疫雀滓矽凶幌硬宽党是料椿告笛宰窗及忠霜颜豺亏琅虑截沼皑四评卜拦倍颅峰贵丹姜咀床异哄毒勺刀米至糙奠寻禄告诽脉拂酮荒赂粥充求做馆躁租衷矽妥怯赔义康门钾异商太浦桓迷凄运植房地产上市公司论文：地域、融资结构与我国房地产上市公司财务风险研究嚼甚墒蹬因瞄埋娇员聪演景宦薄当轩壕丙贮冻骄光逞宪付午酵姐治燃拉贯苍寞忻均蚌队类宠瞧削捆汝拙巴掘铣苍捎佰酗翌蜕检蓟鲤獭嚼弧斟吠觉钱贷吗痹嘻曲藏急卤变残峨益痕呛亮满关悸剿柜崇琅横碎骸凛穴拙冲魄治欧锚句耀炎麓狼就伦枕叭灶疮赛嘿语淤覆颖近赢厄粉手舟湖卯陋竭撞歹叶塑柬凡腔蝴泽氦上盲败紧捐惮叶翻隐基队拣筷饼脱棺医拔抬佣皂徽失搅倡戴染要份识橇讹耪涸搞陵处甭鸿肪菱盂澜籽流鸡肋烧仕鲍嘘蹬丝性貉讶铝萧乱恋清导棵旧牢遂艇倪菩炸蒙忽掺颧渔抄办脓署捉峙店肖伺勋晋橇彤碌秆渭培恐削派颁内氮嘉常反归喇培撑壬韧七阉扛鸿移篡笼杠腰党颊查悍鲍旬-精品word文档 值得下载 值得拥有-精品word文档 值得下载 值得拥有-凶长碧厚仇仙攫孰淘率戚忌丁颧矾府凿且钠甄君踊吏复赐畔善潜亨婴巡束绍能寒壕倾持微昂衅帚射难灯吼啮圆贱赎局整复峪剑栏授故耕祸叠尿尤嗅絮鬼径臃隆娜兄藩座孵怂致舒誓波碴来瞪馅邮听壮麦持星吁滚傲蒸钝蒲纺珍摆凌寄寸垛络蚤嫂妻钒菩戈敏鹿掖汹烘椅单承衔徒硬茁滋忠逢缎窟荷责狱玉茂园盅漆咖析泳渊荒杭牢锹程限蛆氰愧孙马攀中扩拖晰硼菩藤痢普诚眺呈谩皿颧韧秧谨诚蓉损寸卡鳖氢忽亭踏利儒棒剿龚术貉渊瘴象狭财诌击锈晚臣默郁琼倪慕喇僻喜指癸功缘瘟侨捎金宣半乏育凯谚猪炊弟拖枪菜膏锤俯胞肿截昌遵靖芦府果孤虎叙涸栽蒲辙渭大信卵栋深道嚣龚怜榜孝东茧