EVA价值评估在融资担保风险控制中的运用
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摘要
在分析中小企业融资担保业务发展现状、风险类别及其成因的基础上,依据中小企业会计信息不透明的特性,利用EVA价值评估模型,测算拟受保企业的经济价值,并依据该价值评价担保风险,确定是否进一步担保调查.此方法有效规避了中小企业会计信息可信度低的困扰,为担保公司防范和减少担保风险提供依据.这既能解决中小企业的筹资难题,又能降低担保风险,促进中小企业、担保公司和金融机构的健康、共赢发展.此方法也为金融机构信贷决策和企业的投资决策提供了分析思路.
Based on the analysis of current situation of the development of small and medium-sized enterprises financing guarantee business,risk categories and causes,according to that the features of small and medium-sized enterprise accounting information is not transparent,by using of EVA value evaluation model,we measured the economic value of the insured enterprises,and according to the value evaluation of security risks,we determined whether further guarantee investigation.This method effectively avoid the low accounting information reliability of small and medium-sized enterprise provide the basis for assurance company to prevent and reduce risk,to solve the difficulties in financing small and medium-sized enterprises,and reduce the risk of guarantee,and promote helpful and win-win development of small and medium-sized enterprises,surety companies and financial institutions.This method also credit decisions for financial institutions and the enterprise investment decision provides analysis mentality.
Based on the analysis of current situation of the development of small and medium-sized enterprises financing guarantee business,risk categories and causes,according to that the features of small and medium-sized enterprise accounting information is not transparent,by using of EVA value evaluation model,we measured the economic value of the insured enterprises,and according to the value evaluation of security risks,we determined whether further guarantee investigation.This method effectively avoid the low accounting information reliability of small and medium-sized enterprise provide the basis for assurance company to prevent and reduce risk,to solve the difficulties in financing small and medium-sized enterprises,and reduce the risk of guarantee,and promote helpful and win-win development of small and medium-sized enterprises,surety companies and financial institutions.This method also credit decisions for financial institutions and the enterprise investment decision provides analysis mentality.
引文
[1]邢秀琴,杨宜.中小企业融资担保机构风险防范研究[J].金融与经济,2011(2):37-39.
[2]徐鹏.中小企业信用担保风险分析及对策[J].重庆科技学院学报:社会科学版,2011(13):74-75.
[3]石琭.我国中小企业信用担保体系面临的风险及对策研究[J].经营管理者,2012(10):101-102.
[4]曲巍.中小企业融资担保机构经营风险防控[J].经营与管理,2014(5):54-55.
[5]孙茂盛.浅析中小企业信用担保机构内生风险的控制策略[J].中国商贸,2015(4):178-179.
[6]王宗维.中小企业融资担保风险控制的实施路径思考[J].时代金融,2015(29):154-155.
[7]李英英.论中小企业信用担保风险的法律控制[J].长春理工大学学报:社会科学版,2013(9):42-44.
[8]郭根虎.浅析EVA在我国企业价值管理中的应用前景[J].现代商业,2011(32):31-33.
[9]曹雯雯.基于EVA的企业价值评估[J].管理会计,2015(20):46-48.
[10]黄纳新.基于EVA的企业价值评估方法应用研究[J].经营管理者,2015(15):4-5.
[11]苗圩.促进中小企业持续健康发展推动形成大众创业、万众创新浪潮[J].新型工业化,2015(3):1-2.
[12]李均锋.银监会:做强政策性担保机构推动行业“减量增质”[EB/OL].(2015-12-08)[2016-04-09].http://www.news.xinhaunet.com/fortune/2015/-12/08/c-1117398187.htm.
[13]林毅夫,孙希芳.信息、非正规金融与中小企业融资[J].经济研究,2005(7):35-44.
[14]周玥.非正规金融与中小企业融资[J].时代经贸,2012(8):188-189.
[15]乔永超.银行与中小企业融资性担保机构合作风险研究——基于银行视角[D].济南:山东大学,2014.
[16]李俊英.非正规金融在中小企业融资困境中的引导与利用研究[J].经济论坛,2013(6):79-81.
[17]李梦.基于EVA的价值管理体系在企业中的应用研究[D].重庆:西南财经大学,2012.
[18]肖新.基于经济增加值(EVA)公司价值评估方法改进及应用研究[D].西安:西北大学,2010.
[19]欧阳春花.EVA会计调整研究[J].财会通讯,2014(22):109-112.
[20]黄国超,刘宏,邓馨.EVA的调整事项及其计算体系解析[J].商业会计,2013(1):71-72.
[21]李建丽.价值创造指标EVA的会计调整原则与事项[J].会计之友,2012(19):42-44.
[2]徐鹏.中小企业信用担保风险分析及对策[J].重庆科技学院学报:社会科学版,2011(13):74-75.
[3]石琭.我国中小企业信用担保体系面临的风险及对策研究[J].经营管理者,2012(10):101-102.
[4]曲巍.中小企业融资担保机构经营风险防控[J].经营与管理,2014(5):54-55.
[5]孙茂盛.浅析中小企业信用担保机构内生风险的控制策略[J].中国商贸,2015(4):178-179.
[6]王宗维.中小企业融资担保风险控制的实施路径思考[J].时代金融,2015(29):154-155.
[7]李英英.论中小企业信用担保风险的法律控制[J].长春理工大学学报:社会科学版,2013(9):42-44.
[8]郭根虎.浅析EVA在我国企业价值管理中的应用前景[J].现代商业,2011(32):31-33.
[9]曹雯雯.基于EVA的企业价值评估[J].管理会计,2015(20):46-48.
[10]黄纳新.基于EVA的企业价值评估方法应用研究[J].经营管理者,2015(15):4-5.
[11]苗圩.促进中小企业持续健康发展推动形成大众创业、万众创新浪潮[J].新型工业化,2015(3):1-2.
[12]李均锋.银监会:做强政策性担保机构推动行业“减量增质”[EB/OL].(2015-12-08)[2016-04-09].http://www.news.xinhaunet.com/fortune/2015/-12/08/c-1117398187.htm.
[13]林毅夫,孙希芳.信息、非正规金融与中小企业融资[J].经济研究,2005(7):35-44.
[14]周玥.非正规金融与中小企业融资[J].时代经贸,2012(8):188-189.
[15]乔永超.银行与中小企业融资性担保机构合作风险研究——基于银行视角[D].济南:山东大学,2014.
[16]李俊英.非正规金融在中小企业融资困境中的引导与利用研究[J].经济论坛,2013(6):79-81.
[17]李梦.基于EVA的价值管理体系在企业中的应用研究[D].重庆:西南财经大学,2012.
[18]肖新.基于经济增加值(EVA)公司价值评估方法改进及应用研究[D].西安:西北大学,2010.
[19]欧阳春花.EVA会计调整研究[J].财会通讯,2014(22):109-112.
[20]黄国超,刘宏,邓馨.EVA的调整事项及其计算体系解析[J].商业会计,2013(1):71-72.
[21]李建丽.价值创造指标EVA的会计调整原则与事项[J].会计之友,2012(19):42-44.