企业负债经营的风险分析与对策——以碧桂园为例

XCLW53722  企业负债经营的风险分析与对策——以碧桂园为例  (字数：10234)

摘要

在运营过程中企业需要充足的资金做支撑，而企业筹集资金的方式多种多样，可以通过所有者投资注入资金，也可以通过融资机构借贷资金、融资租赁、商业信用等方式融入资金。随着社会市场经济的成长和发展，经济环境激烈程度逐日剧增，许多企业选择负债经营作为运营的方式。负债经营具有双面性，负债一方面可以弥补企业运营资金的不足，发挥积极的“财务杠杆效应”，另一方面负债会给企业带来的风险和危机。众多企业对负债的认识不全面，导致企业负债超过正常负荷，负债率超标，无法偿还所有债务，陷入偿债和再筹资困难的恶性循环中。鉴于此，本文以碧桂园房地产企业为案例对负债经营存在的风险及风险管控进行探讨。

关键词：负债经营；财务杠杆；风险管控

Abstract

In the process of operation, the enterprise needs sufficient funds to support it. There are two ways for the enterprise to raise funds, one is to inject funds through the owner's investment, and the other is to borrow funds from financing institutions, that is, to obtain debts. With the growth and development of social market economy, the intensity of economic environment is increasing day by day, and many enterprises choose debt management as their mode of operation. Debt management has two sides. On the one hand, debt can make up for the shortage of operating funds and play a positive " financial leverage effect", on the other hand, debt will bring risks and crises to enterprises. Many enterprises do not have a comprehensive understanding of debt, resulting in their debt exceeding the normal load, exceeding the standard of debt ratio, unable to repay all debts and falling into a vicious circle of debt repayment and refinancing difficulties, yet many enterprises have followed suit. In view of this, this paper takes the real estate enterprise of Biguiyuan as an example to discuss the risks and risk control in debt management.

Key Words: Debt management; Risks; Risk control; Financial leverage

目  录

一、绪论5

（一）研究目的5

（二）研究意义5

（三）文献综述5

（四）研究内容6

二、负债经营的概念7

（一）负债经营的含义7

（二）负债经营的分类7

（三）负债经营的特点7

（四）负债经营的现状8

三、负债经营的利弊分析9

（一）负债经营的优势9

（二）负债经营的弊端10

四、碧桂园负债经营的风险分析12

（一）碧桂园房地产企业背景12

（二）企业负债经营存在的问题12

（三）企业负债经营问题的行业因素13

五、企业负债经营风险控制策略14

（一）提高企业的风险意识14

（二）选择合适的融资渠道14

（三）控制企业的负债规模14

（四）运用财务杠杆效应14

结论15

参考文献16