两岸光电照明企业成长性的比较研究

发布时间：2018-01-19 10:08

本文关键词： 光电照明企业企业成长性现金持有量技术创新高管激励　出处：《五邑大学》2017年硕士论文　论文类型：学位论文

【摘要】：近几年,随着经济的发展,环境污染、能源危机问题日益突出,引发了人们对绿色能源及节能减排的关注。LED照明具有比传统照明更环保、更节能等优点,因此广受青睐,作为LED产业主体的光电照明企业的发展状况受到各界的特别关注。由于企业绩效的评价指标之一(即企业成长性)可以反映出企业成长的各项能力,所以本文将对光电照明企业成长性展开研究。大陆LED产业虽起步较早,但在2003年才拉开序幕,发展中存在很大障碍。大陆和台湾地区虽然在文化、习俗等方面较为接近,但在LED产业经济的发展中,台湾地区的LED产业发展的规模、速度和先进性却明显优于大陆。本文通过比较两岸上市光电照明企业成长性以及其影响因素,提出成长性差的地区应该如何向成长性好的地区学习,以提高光电照明企业成长性。本文通过查阅梳理国内外众多文献,另基于相关理论,对本文的目的展开具体的研究。本研究选择2012-2014年两岸上市光电照明企业的相关数据作为样本数据,进行实证分析。首先,本文用主成分分析法对两岸样本企业的成长性分别进行综合评价,分别计算出两岸上市光电照明企业成长性的综合得分,并进行比较分析,看是否有差异,若有差异,则进行下一步研究。以两岸的综合得分代表样本企业的成长性,然后从现金持有量、技术创新、高管激励三方面选取5个变量,应用多元线性回归方法进行分析,运用SPSS统计分析软件进行处理数据,分别检验了两岸上市光电照明企业成长性受各因素影响的不同,得到了较为切实的实证结果。研究结果发现:就两岸上市光电照明企业成长性的状况来看,台湾地区明显优于大陆。并且现金持有量对台湾地区上市光电照明企业成长性具有显著的正向促进作用,对大陆上市光电照明企业成长性没有显著影响;研发投入强度对两岸上市光电照明企业成长性均具有显著负向作用;技术人员比例对两岸上市光电照明企业影响均不显著。高管薪酬对两岸上市光电照明企业成长性均具有显著正向促进作用;高管持股比例对台湾地区上市光电照明企业成长性具有显著正向促进作用,对大陆上市光电照明企业成长性没有显著影响。最后论文就两岸的差异,针对本研究的结果对大陆上市光电照明企业成长性的提高提出相应的对策及建议。
[Abstract]:In recent years, with the economic development, environmental pollution, energy crisis has become increasingly prominent, causing people to pay attention to green energy and energy conservation and emission reduction. Led lighting has more environmental protection than traditional lighting, more energy-saving and so on. So it's very popular. As the main body of LED industry, the development of photovoltaic lighting enterprises has received special attention from all walks of life. As one of the evaluation indicators of enterprise performance (that is, enterprise growth) can reflect the ability of enterprise growth. Therefore, this paper will study the growth of optoelectronic lighting enterprises. Although the mainland LED industry started early, but in 2003, there are a lot of obstacles in the development. Although the mainland and Taiwan are in culture. Customs and other aspects are close, but in the development of LED industrial economy, Taiwan's LED industry development scale. The paper compares the growth of listed optoelectronic lighting enterprises across the Taiwan Strait and its influencing factors, and puts forward how the regions with poor growth should learn from the areas with good growth. In order to improve the growth of optoelectronic lighting enterprises, this paper combed many domestic and foreign literature, and based on related theories. The purpose of this study is to launch a specific study. This study selected the 2012-2014 listed optoelectronic lighting enterprises across the Taiwan Strait as sample data for empirical analysis. In this paper, we use principal component analysis to evaluate the growth of cross-Strait sample enterprises, calculate the comprehensive scores of the growth of listed optoelectronic lighting enterprises, and compare and analyze whether there are any differences. If there is a difference, the next step of the study. Cross-Strait comprehensive score on behalf of the sample enterprise growth, and then from the cash holdings, technological innovation, executive incentive three aspects of the selection of five variables. The multivariate linear regression method is used to analyze, and the SPSS statistical analysis software is used to process the data. The differences of the growth of listed optoelectronic lighting enterprises on both sides of the Taiwan Strait are examined respectively. Obtained a more practical empirical results. The results of the study found: from the cross-strait listed photoelectric lighting enterprises growth situation. Taiwan is obviously superior to the mainland, and the cash holdings have a significant positive effect on the growth of listed photovoltaic lighting enterprises in Taiwan, but have no significant impact on the growth of listed photovoltaic lighting enterprises in the mainland. The R & D investment intensity has a significant negative effect on the growth of listed optoelectronic lighting enterprises across the Taiwan Strait; The proportion of technical personnel has no significant impact on the listed optoelectronic lighting enterprises on both sides of the strait. Executive compensation has a significant positive effect on the growth of listed optoelectronic lighting enterprises on both sides of the strait. The proportion of executive ownership has a significant positive effect on the growth of listed optoelectronic lighting enterprises in Taiwan, but has no significant impact on the growth of listed optoelectronic lighting enterprises in the mainland. Finally, the paper discusses the differences between the two sides of the strait. According to the results of this study, the corresponding countermeasures and suggestions are put forward to improve the growth of listed optoelectronic lighting enterprises in mainland China.
【学位授予单位】：五邑大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.6;F406.7;F273.1

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