本 科 生 毕 业 论 文

论企业负债经营与财务风险的控制

——以万科为例

目 录

引言 ............................................................. 3 一、负债经营与财务风险的内涵及特征 ............................... 3 （一）负债经营的内涵 .......................................... 3 （二）负债经营的特征 .......................................... 3 （三）财务风险的内涵 .......................................... 3 二、负债经营与财务风险的联系 ..................................... 4 （一）适度负债会带来财务杠杆效应 .............................. 4 （二）过度负债会增加企业的财务风险 ............................ 4 三、基于负债经营下万科集团财务风险控制的案例分析 ................. 5 （一）行业分析 ................................................ 5 （二）万科集团负债经营下财务风险控制的现状分析 ................ 6 四、基于万科集团的案例对企业负债经营风险防范的建议 ............... 8 （一）要有强烈的风险意识 ...................................... 8 （二）确定合理的资本构成 ...................................... 8 （三）确定合理的负债结构 ...................................... 8 （四）保证资产的高度流动性 .................................... 8 （五）保持盈利能力 ............................................ 8 （六）选择正确的筹资方式 ...................................... 8 （七）合理安排资金 ............................................ 9 五、结束语 ....................................................... 9 致谢 ............................................................. 9

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参考文献 ......................................................... 9

论企业负债经营与财务风险的控制

——以万科为例

陈欢

（管理学院 指导教师：徐丽盈）

摘要：在激烈的市场竞争中，负债经营作为一种有效的经营方式，广为中外企业所运用。虽然负债经营在一定条件下能为企业带来巨大的经济效益，但同时也会带来财务风险。文章阐述了负债经营与财务风险的内涵与特征，分析了企业负债经营与财务风险的关系，并结合万科集团的案例，探讨企业如何在负债经营的情况下，有效地规避财务风险，并提出相关建议。 关键词：负债经营；财务风险；风险控制；防范措施

Discussion on Business with Liabilities and Financial Risks

——Taking Vanke Group as an Example

Chen Huan

(School of Management, Supervisor: Xu Liying)

Abstract：In the fierce competition of the market, liabilities, as an effective way of operating business, is widely used by Chinese and foreign enterprise. Liabilities do bring immense profits to the enterprise in some condition,however, it can also produce financial risks. The thesis is about to debating the relationship between liabilities and financial risks by analyzing the connotations and features of them. It will also set Vanke Group as an example to discuss how the enterprise can avoid the financial risks effectively in the condition of liabilities. In the end of it will list some advice about it.

Keywords：Liabilities; Financial risks; Risk control; Precautionary measures

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