【摘要】 以2013—2016年度沪深市公布的产融结合的房地产上市公司为样本,通过构建财务风险评价模型分析我国房地产上市公司产融结合的财务风险。从外部环境和内部结合两个方面分析房地产行业产融结合的财务风险的影响因素,研究表明,我国房地产上市公司的产融结合没有达到实质性的协同效应,不同参股比例下的产融结合也显示出不同的财务风险状态。因此,为了保证公司健康发展,房地产企业需适应外部宏观环境,完善产融结合的链条,增大协同价值,降低协同风险,实现战略协同。更多还原

【Abstract】 Taking the real estate listed companies published in Shanghai and Shenzhen Stock Exchange in 2013—2016 as a sample,the paper analyzes the financial risks of real estate listed companies in China by constructing a financial risk evaluation model.This paper analyzes the financial risk factors of real estate industry from both external and internal environment.The research shows that the real estate listed companies’combination of industry and finance has not achieved substantial synergistic effect.The combination of production and finance under different share participation ratio also shows different financial risk state.Therefore,to ensure the healthy development of listed companies in real estate industry,the companies need to adapt to the external macro environment,improve the chain of the combination of production and finance,increase the synergy value of the combination of production and finance and reduce the synergistic risk,and enhance the synergistic effect of the combination of production and finance.更多还原