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毕业论文苏东房地产开发有限公司财务风险研究专业学生姓名班级学号指导教师完成日期盐城工学院本科生毕业论文2014I苏东房地产开发有限公司财务风险研究摘要：随着社会主义市场经济的不断发展，我国国民的消费结构正在不断变化，广大民众对于商品房的需求也在日益增加，这就造成了我国房地产行业迅速发展，并迅速进入了一个史无前例繁荣的时期。房地产行业因为产业带动能力较大，关联性较强的特点，已经发展成为我国国民经济重要的支柱产业之一。但是受全球经济危机的影响，房地产市场也跟随着全球经济衰退而不断下滑，商品房价格在2008年二季度开始下降，这样就造成了房地产企业的利润逐步减少，资金趋紧甚至因资金链断裂而破产，这样势必影响到向房地产开发商提供资金供给的商业银行。房地产业归属于资金密集型行业，据有关资料统计，当前我国房地产开发企业资金60%以上来源于商业银行贷款，如何有效而对房地产项目进行全面地财务风险防范，对房地产开发企业的稳健经营具有重要的理论与现实意义。本文首先在总结了国内外有关企业财务风险理论研究成果，运用实证分析、演绎分析相结合的研究方法，探析了我国房地产开发项目财务风险的特点成因、产生环节以及风险分散的方法等相关问题；其次，以苏东房地产开发项目为例，介绍了项目建设的基本情况以及市场评估的情况，然后用房地产项目财务风险的理论与方法，密切结合本文所研究的苏东房地产开发项目的实际情况，分析该项目的财务问题，运用各种财务分析指标以定量分析的角度研究该项目，通过财务经济分析、盈亏平衡分析等进一步研究该项目的风险问题；最后，针对上述对苏东房地产开发项目各种财务指标的分析，提出苏东房地产开发项目决策的原则，防范财务风险的路径和对策，为分析我国房地产开发项目财务管理的理论提供一定的参考。关键词：房地产；财务风险；风险分析；风险防范苏东房地产开发有限公司财务风险研究IIResearchonFinancialRiskandItsPreventionofSudongRealEstateCompanyAbstract:Withthedevelopmentofsocialistmarketeconomy,theconsumptionstructureofChina'snationalisconstantlychangingandthepublic’sdemandforcommercialhousingisalsoincreasing,whichresultsinrapiddevelopmentofChina'srealestateindustry,experiencinganunprecedentedperiodoffullbloom.Therealestateindustryhasbecomeoneofthepillarindustriesofnationaleconomyforthefeatureofstrongimpetusabilityandhighrelevance.However,affectedbytheglobaleconomiccrisis,therealestatemarketwiththeglobaleconomichasdeteriorated,accountingforthedeclineofcommercialhousingpricessincethesecondquarterof2008.Asaresult,theprofitsofrealestateenterpriseswillbecomeincreasinglyweakenedandstuckinstagnationandevenbankruptcyifcapitalchainisbroken.Therefore,thecommercialbankswhichfundthecompanieswillinevitablybeaffected.Therealestateindustrybelongstofund-intensiveindustry.Statisticsaccordingtotherelevantdata,morethan60%ofChina'scurrentrealestatedevelopmententerprisefundscomefromthecommercialbankloan.Thus,avoidingguardfinancialriskeffectivelyandcomprehensivelyisvitaltoestatedevelopmententerprises,whichhasanimportanttheoreticalandpracticalsignificanceinsteadyoperationoftheestatedevelopmententerprises.Thispaperclarifiescorrelativetheoriesonfinancialriskathomeandaboardatfirst.Thepresentauthorusesempiricalanalysisanddeductiveresearchmethodanalysiscombinedtoexploretheissuessuchasfinancialrisk’scharacteristics,productionandcausesaswellasriskdispersionmethodofChina'srealestatedevelopmentproject.Atsecond,takingSudongrealestatedevelopmentprojectasanexample,thepresentauthorintroducesthebasicinformationandmarketevaluationoftheproject.Throughutilizingtherelatedtheoryandmethodsoffinancialrisk,theauthoranalyzesthefinicalproblemsoftheprojectonthebaseoftheactualconditionsofSudongrealestatedevelopmentproject.Finally,accordingtothedetailedvariousfinancialindicatorsanalysisoftheSudongrealestatedevelopmentprojects,theauthorproposestheprinciplesandpreventivemeasuresofdecision-makingaboutSudong,whichprovidessomereferenceforthetheorydevelopmentofthefinancialmanagementaboutChina'srealestateproject.Keywords:RealEstate;FinancialRisk;RiskAnalysis;RiskPrevention盐城工学院本科生毕业论文2014III目录摘要.................................................................................................................ⅠAbstract..........................................................................................................Ⅱ一、绪论...........................................................................................................1（一）课题研究意义................................................................................1（二）国内外研究现状............................................................................11、国内研究现状...............................................................................12、国外研究现状...............................................................................1二、房地产项目财务风险概述......................................................................2（一）房地产项目财务风险的概念.......................................................2（二）房地产项目财务风险特点...........................................................21、财务杠杆使用过度.......................................................................22、资金周转率偏低...........................................................................23、资产期限不匹配...........................................................................3（三）房地产项目财务风险类型...........................................................31、筹资风险.......................................................................................32、投资风险.......................................................................................33、资金回收风险...............................................................................44、收益分配风险...............................................................................4三、苏东房地产开发项目财务风险分析......................................................4（一）项目基本情况................................................................................4（二）项目总投资预测分析....................................................................5（三）项目资金来源评估........................................................................5苏东房地产开发有限公司财务风险研究IV（四）贷款期限与现金流匹配性分析.........................................