【作者】 王珏；

【导师】 李晓玲；

【作者基本信息】 安徽大学 ， 工商管理（专业学位）， 2018， 硕士

【摘要】 在当前经济全球化环境下,我国政府加大了改革力度,在鼓励证券业发展的同时加大了对证券市场的监管,进一步推动了资本市场的发展。虽然国家加大了对证券市场的监管,但处在蓬勃发展中的证券公司自身的风险管理意识和水平都跟不上发展的需要,华夏证券和南方证券的倒闭让我们看到了轻视风险管理的严重后果。众所周知,投行业务是证券公司的核心业务,也是高风险业务。因此,研究证券公司投行业务的风险管理问题,对促进我国资本化市场的快速发展有着重要意义。本文选择X证券公司投行业务为研究对象,运用案例研究法和专家咨询法,对X证券公司投行业务风险管理问题进行深入的分析和研究。通过对X证券公司近两年被证监会立案调查的案件为切入点,分析X证券公司多次受到惩处的原因,并提出相应的改进措施。本文分为六章,第一章是绪论,介绍本文的研究背景及研究意义,对国内外相关的文献进行梳理以及对研究方法和研究思路进行简要阐述;第二章是相关概念和理论基础,对相关概念、风险管理理论和内部控制理论进行阐述;第三章是X证券公司投行业务违规案例介绍,对X证券公司近两年两大违规案件进行回顾和剖析;第四章是X证券公司投行业务风险管理现状及问题分析;第五章是加强X证券公司投行业务风险管理的对策和建议,针对存在的问题提出相应的解决方法;第六章为研究结论和展望。本文通过案例研究发现,X证券公司的投行业务存在风险意识薄弱、风险管理保障不足、风险控制部门有效性低、投行业务风险流程管理不足等风险管理问题,针对案例公司投行业务风险管理存在的具体问题,本文提出从外部和内部两个方面完善投行业务风险管理。外部方面,提出完善保荐制度、加强外部监控等措施。内部方面,提出加强风险管理意识,健全投行业务风险管理制度,完善投行业务流程等措施。从而进一步为其他券商投行业务风险管理提供借鉴作用,有利于证券投行业务的健康发展。更多还原

【Abstract】 In the context of globalization,Chinese government has increased the intensity of reforming to encourage Securities industries and intensify its corresponding supervision,further accelerating the development of capital market.However,the risk management awareness and quality of these developing Securities companies still cannot keep up with the current market demands.The consequences caused by neglecting risk management can be seen from the bankruptcy of China Securities and China Southern Securities.It is known to all that investment banking business plays the key role in Securities companies,which is also a high-risk business.Therefore,the study on investment banking business is of great significance in promoting the development of Chinese capital market.In this thesis,the investment banking business of X Securities Company has been chosen as the sample to analyze its risk management.With the methods of case study and eXperts consultation,the study starts from the case that X Securities Company has frequently been placed on file for investigation and prosecution by CSRC in recent years,analyzes its causes and offers corresponding solutions.The thesis consists of six parts and the content of each part are as follows.Part One briefly introduces the background and necessity of conducting the research,lists some related documents at home and abroad as well as the research methods.Parts Two illuminates related concepts and theories including the risk management theory,internal control theory,etc.Some violation cases on investment banking business conducted by X Securities Company are listed in Part Three.In Part Four,it analyzes the current situation of risk management on investment banking business in X Securities Company and the problemsexisted in it.In order to strengthen its risk management,Part Five provides some strategies and suggestions.At last,the thesis ends up with the conclusion and some expectations.Based on the case study,the thesis discloses the problems exist in the investment banking business of X Securities Company,such as excessive pursuit for profits,weak awareness in risk management,loose regulation on contractor,inefficient risk control department,etc,For these problems,the thesis puts forward corresponding solutions involving raising the awareness of risk management,perfecting risk management system,completing relevant procedures as well as strengthening related regulations.This way,examples can be set up for helping other Securities companies to further develop their investment banking business in a sound way.更多还原