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Research On The Optimization Of KAN Financing

Posted on:2020-06-22Degree:MasterType:Thesis
Country:ChinaCandidate:L JiangFull Text:PDF
GTID:2439330620954050Subject:Business Administration
Abstract/Summary:PDF Full Text Request
A reasonable capital structure can not only successfully finance the enterprise but also bring leverage to the business.Therefore,the rational use of debt financing,equity financing,and reasonable arrangement of the company's capital structure has become a core issue for companies to scientifically raise funds.According to the current macroeconomic environment and the characteristics of the company itself,how to choose a reasonable financing channel and a reasonable combination of financing methods,how to conduct financing operations to reduce financing costs and risks,etc.,when making a sound development in the capital market Important aspects to consider.This article summarizes the research results on financing at home and abroad,elaborates the concepts and theories related to financing,and analyzes the policy environment,economic environment and industry environment of KAN financing based on the financing structure theory,and uses its financial data as a research sample From the aspects of debt repayment,profit,income,cash-generating ability,etc.,it conducts comparative analysis,ratio analysis,and descriptive analysis for research and analysis.This article starts with the current situation of corporate financing,and evaluates financing risks by analyzing basic conditions such as the financing period,financing methods,and financing costs of KAN.Through the analysis of the current situation of KAN financing structure,it is found that the company's asset-liability ratio is insufficient,the current debt ratio is high,and it relies too much on short-term bank borrowings.In order to find the company's financing structure problems and solutions,the sales percentage method is used to predict the financing needs of KAN,and the actual situation is used to formulate a reasonable financing structure to minimize financing costs and maximize effects.This article formulates four financing schemes from the four aspects of lowest financing risk,diversified financing structure,lowest financing cost,and high matching capital structure of the industry.Through comparison,an optimal scheme is obtained.This optimal scheme builds with the industry debt ratio.The matching financing structure takes into account bank borrowing,bond financing,equity financing and internal financing.The financing cost is low,and the financing feasibility and risk can be controlled.Finally,it is recommended that KAN establish a risk early warning mechanism,broaden financing channels and strengthen the enterprise's own construction.It is hoped that byexploring the formulation and selection of corporate financing strategies,the practical guiding significance of capital structure theory for corporate financing will be leveraged,and it will be a good reference for solving similar problems.At the same time,companies can consider the specifics of the company in the specific implementation of financing solutions.The situation adjusts the developed financing plan to adapt to the changing environment.The financing structure of KAN is similar to other SMEs.The opinions and suggestions on KAN in optimizing the financing structure hope to provide some reference value for KAN and other SMEs financing strategies.
Keywords/Search Tags:KAN, Financing, Optimization Strategy
PDF Full Text Request
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