中南大学学报：社会科学版
中南大學學報：社會科學版
중남대학학보：사회과학판
Journal of Central South Huiversity: Social Science
2014年
4期
43~46
,共null页
政府投融资平台 融资模式 影响因素 DEMATEL方法
政府投融資平檯 融資模式 影響因素 DEMATEL方法
정부투융자평태 융자모식 영향인소 DEMATEL방법
government investment and financing platform; financing mode; influencing factors; DEMATEL
新城镇化背景下,政府投融资平台将承担更为艰巨的投融资任务。为提高政府投融资平台融资决策效率,运用DEMATEL方法对其融资模式选择的影响因素进行筛选,提炼出关键影响因素。研究结果表明,投融资平台所负责项目的市场需求、收益率、再融资灵活度、经济特征、营业收入预期五个因素是其融资模式选择的重要影响因素。从影响因素散点图可知,经济特征、营业收入预期、市场需求、财政补贴、税收减免、监督制度、法律法规约束为原因因素,其余因素为结果因素。
新城鎮化揹景下,政府投融資平檯將承擔更為艱巨的投融資任務。為提高政府投融資平檯融資決策效率,運用DEMATEL方法對其融資模式選擇的影響因素進行篩選,提煉齣關鍵影響因素。研究結果錶明,投融資平檯所負責項目的市場需求、收益率、再融資靈活度、經濟特徵、營業收入預期五箇因素是其融資模式選擇的重要影響因素。從影響因素散點圖可知,經濟特徵、營業收入預期、市場需求、財政補貼、稅收減免、鑑督製度、法律法規約束為原因因素,其餘因素為結果因素。
신성진화배경하,정부투융자평태장승담경위간거적투융자임무。위제고정부투융자평태융자결책효솔,운용DEMATEL방법대기융자모식선택적영향인소진행사선,제련출관건영향인소。연구결과표명,투융자평태소부책항목적시장수구、수익솔、재융자령활도、경제특정、영업수입예기오개인소시기융자모식선택적중요영향인소。종영향인소산점도가지,경제특정、영업수입예기、시장수구、재정보첩、세수감면、감독제도、법율법규약속위원인인소,기여인소위결과인소。
In the context of the urbanization, the investment and financing platform of the government will bear more difficult task of investment and financing. In order to improve the efficiency of investment and financing decisions of government financing platform, this paper filters factors for its financing mode, extracts the key factors of it. The results show that the market demand, yields, refinancing flexibility, economic characteristics, operating income of project affect the selection of financing mode designed for government investment and financing platform. Economic characteristics, operating income expected, market demand, financial subsidies, tax breaks, supervision system, laws and regulations constrain are causal factors, while the remaining factor is the result factors.
