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The Study Of Financial Service System For National Civil Aviation Industry

Posted on:2009-12-07Degree:DoctorType:Dissertation
Country:ChinaCandidate:D Y MiaoFull Text:PDF
GTID:1119360272461211Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
Civil aviation industry has a strategic impact on the national economy, social development, national security, and national scientific and technological progress. International practice has proved that modern civil aviation industry has very typical industrial properties, the effective support of the financial services is critical for modern civil aviation industry's sustained and healthy development. Studying the aviation industry's financial services system is essential for China's aviation industry to achieve leapfrog development, strengthen international competitiveness, and break the monopoly of the world's civil aviation significant pattern. At the same time, it can also promote the further development of the financial industry and enhance the efficiency of financial capital, as well as provide a practical guide for financial industry to service strategic industries development, promote upgrading of the industrial structure, changing the mode of economic growth. Currently, China has officially confirmed the program of aircraft, the financial services system study appears to be particularly urgent.Analyzing of the literature, I found that the current study mainly concentrated in the financial and macro economic relationship between the financial and industrial relations study. Fewer study touch upon the relationship of financial industry and individual trades, especially financial support system for strategic industry research. I could not find systematic research on financial service for civil aviation industry. But it is extremely important to aviation industry and other strategic industries development as financial well as improving the quality and efficiency of financial services.Based on theory of financial development, strategic industries theory, complex system theory and path dependency theory; learning from foreign experience in the aviation industry financial services, in light of China's aviation industry and the financial services status quo, for the sake of facilitating the development of the aviation industry and the financial structure more rational, the paper first make comprehensive and in-depth research on the China's financial services system of aviation industry from the government, industrial and the corporate level, fill the domestic blank of the financial development of the aviation industry in the full-service strategy and policy recommendations.Aviation industry consists of military and civilian. Military aviation industry is dependent on the State's financial support, for the development of national defense and subordinates to the main strategic plan. Civil aviation industry has distinctive industries characteristics and subjects to the laws of economic development. Therefore, this paper taking into account the special nature of the aviation industry strategy, focus on the financial services system of the civil aviation industry. At the same time, because of the character of aviation industry, I strengthen strategy and policy variable analysis in the theory and research. The paper major contents of specific studies on the basis of research, basic research, theoretical research and strategy and policy research.The basis of the study introduces the causes of the research, main contents, logistic train of thought, and defines relevant concepts. It analyzes the mutual relations of economic development and financial development, different financial impact on the structure of economic growth, the financial impact on the development of industries such as the development of relevant research the status quo. Then determine the papers needs and the research of the present study surviving inadequate, and thus grasp on the direction and depth.Basic research, learn from Europe,the United States,Russia and Indonesia aviation industry policy and the use of financial instruments in the international aviation leasing perspective, analyze the result of financial analysis developed for civil aviation industry, which has strong government intervention, capital-intensive and high industry long cycle of the strategic industry services practice; analyzes the effect financial support and services on the developed countries aviation industry experiences, find out the civil aviation industry in China's financial services important inspiration. From the money market, capital market, the rental market perspective, the paper analyzes financial services, and problems in the status quo in China's civil aviation industry. Theoretical study combining the strategic industries and the development of financial theory, using the combination of qualitative and quantitative methods, analyzes the interaction inherent mechanism between the financial industry and civil aviation industry. It demonstrates the rationality and significance of financial resources leaning for civil aviation industry. Based on complex systems theory, the paper studies the key elements of the financial services system of China's civil aviation industry, establishes the financial services system model of the civil aviation industry, promotes different financial systems approach to service and support channels in different stage of China's civil aviation industry.Strategy and policy research based on the path-dependence theory , investigating the domestic and international aviation industry in the corporate governance model of a deep analysis of history, puts forward China's civil aviation industry corporate governance reform program in order to promote industrial development and financial services. From the aspects of policy financial, commercial financial, capital market, leasing, financial policy and international environment, proposed all-round financial services strategy and the specific needs of financial policy to develop China's civil aviation industry.The major innovations of this paper have four aspects. First, it studies the interactive mechanism of financial industry and the civil aviation industry combination through qualitative and quantitative method and promotes that financial arrangement must be improved first in the development of China's civil aviation industry. Second, it studies the system of civil aviation industry financial service systems theoretically through complex theory, analyzes the key factors of financial system affecting the development of the civil aviation industry and the service channels on different stages of civil aviation industry. Third, it analyzes civil aviation enterprise of our country through path-dependence theory and establishes new enterprise structure based on modern enterprise system in order to accept financial supporting effectively. Fourth, it put forward that indirect financial supporting has comparative superiority now and main bank should be lead into enterprise. From the respects of indirect financing, direct banking, aviation leasing, it put forwards systematic support measures and policy recommendations of the financial industry to the development of China's civil aviation industry.The main viewpoint and conclusion of this paper includes following aspects. First, financial arrangement must be improved first in the development of China's civil aviation industry. Second, we must settle correctly the relation between government and market in financial service, and insist on marketing operation. Third, promoting development level and obtaining new industry profit are inherent reasons for financial industry to support civil aviation industry. Fourth, modern enterprise system is necessary condition for financial industry to support civil aviation industry effectively. Fifth, financial service to civil aviation industry is a complex system. It includes many interrelated factors that are policy financial, commercial financial, capital market, leasing, financial policy and international environment. Different factor has different supporting character and supporting approach in different stage of civil aviation industry. Sixth, indirect financial supporting has comparative superiority now, establishing different levels of capital market system is ensure for sustained development of civil aviation industry. Seventh, innovation integrate mechanism must be established. At the same time, invest attractive mechanism and risk distribution mechanism must be established through making and improving relevant policies to ensure civil aviation industry develop healthy.
Keywords/Search Tags:civil aviation industry, financial services, strategic industries, complex system, path dependence
PDF Full Text Request
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