黑龙江制药行业上市公司融资结构与绩效的研究

发布时间：2018-04-03 12:56

本文选题：制药行业　切入点：融资结构　出处：《中共黑龙江省委党校》2016年硕士论文

【摘要】：自1958年,降生MM理论以来,研究融资布局理论俨然成为热点,MM理论的假设是理想中的一种状况,在现实生活中也是不可能存在的,后来国内外的研究学者专家以MM为基础,不断放松假设条件,形成一个个新的理论,从广度和深度上使融资结构理论更加饱满,从本来的早期融资构造理论,发展成现代融资结构理论,到现在的新融资结构理论,研究的越来越成熟,从多方面来研究分析融资结构的不同如何影响公司绩效,当代公司方面的治理问题关键也是对于公司融资构造的研究,公司绩效与融资构造是否合理有很大关系,甚至可以关系到公司未来的战略规划和发展方向。制药行业是国家的基础性产业,和国计民生有紧密的关系,随着国家对于制药行业改革的不断深入和老龄化人口的增加以及人民水平的提高和对于医疗的高要求,使得制药行业的健康发展及其重要,加之国内外的学者专家对于制药行业研究的比较少,所以有必要将该行业的融资结构与公司绩效联合起来研究。本文的研究对象为5家黑龙江省制药行业上市公司,分别为哈药股份,人民同泰,誉衡制药、葵花药业和珍宝岛,通过对于融资结构指标的选取和公司绩效指标的选取,分别对5家上市公司进行相关的特征分析和回归分析,最后针对研究中出现的问题,给出相应的解决方案。
[Abstract]:Since the birth of MM theory in 1958, the hypothesis that the study of financing layout theory has become a hot topic is an ideal situation, and it is also impossible to exist in real life. Later, scholars and experts at home and abroad took MM as the basis.By constantly relaxing the hypothetical conditions and forming a new theory, the financing structure theory is more full in scope and depth, from the original early financing structure theory to the modern financing structure theory, to the new financing structure theory now.More and more mature research, from many aspects to study and analyze the different financing structure how to affect corporate performance, contemporary corporate governance issues are also the key to the study of corporate financing structure,There is a great relationship between corporate performance and financing structure, and even the future strategic planning and development direction of the company.The pharmaceutical industry is the basic industry of the country and has a close relationship with the national economy and the people's livelihood. With the deepening of the reform of the pharmaceutical industry, the increase of the aging population, the improvement of the level of the people and the high demand for medical treatment,It makes the healthy development of the pharmaceutical industry and the domestic and foreign scholars and experts of the pharmaceutical industry less research, so it is necessary to combine the financing structure of the industry and corporate performance research.The research objects of this paper are five listed companies in Heilongjiang pharmaceutical industry, namely, Kazakh shares, people's Tongtai, Yueheng Pharmaceutical, Sunflower Pharmaceutical Industry and Zhenbao Island, through the selection of financing structure indicators and corporate performance indicators.The relevant characteristic analysis and regression analysis of five listed companies are carried out respectively. Finally, the corresponding solutions are given in view of the problems in the research.
【学位授予单位】：中共黑龙江省委党校
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F426.72;F406.7

【相似文献】