纺织服装行业上市公司财务绩效评价方法研究

发布时间：2018-03-04 01:31

本文选题：纺织服装行业　切入点：财务绩效评价方法　出处：《中原工学院》2012年硕士论文　论文类型：学位论文

【摘要】：财务绩效评价方法一直是理论界和实践界关注的焦点。国外对财务绩效评价指标的研究主要经历了观察统计财务绩效评价、成本财务绩效评价、财务的财务绩效评价和价值财务绩效评价等四个发展阶段，其中，，比较具有代表性的财务绩效评价主要是沃尔评分法、杜邦分析法、EVA（经济增加值）和BSC（平衡计分法）等方法。国内对财务绩效的评价在财政部的主导下主要经历了3次变革，比较完善的财务绩效评价是1999年的国有资本金绩效评价体系，对我国的财务绩效评价产生了重大影响。本文依据国内外相关文献对财务绩效评价指标进行的研究和有关的财务指标选取原则，建立了包括周转能力、偿债能力、发展能力和盈利能力4个方面的财务绩效评价指标体系。以截至2010年12月31日在沪深两市上市的纺织和服装鞋帽板块的非ST的70家上市公司为研究样本，选取了因子分析法、熵值法和变异系数法3种财务绩效评价方法。实证过程为：首先，分别运用3种方法对纺织服装行业上市公司的财务绩效进行单独评价排序。其次，利用序号总和对纺织服装行业上市公司进行评价排序，并利用众数理论对排序结果进行了处理。再次，利用3种评价方法得出的综合评价得分，运用了另一种组合评价方法（区间数综合决策模型）对纺织服装行业上市公司进行评价排序。最后，以2种组合评价方法所得的最终排序作为参照系，计算各参照系与各种评价方法之间的斯皮尔曼（Spearman）等级相关系数，并利用计算结果对其进行检验，研究结果表明，熵值法优于因子分析法和变异系数法。
[Abstract]:The methods of financial performance evaluation have always been the focus of attention in theory and practice. The research on financial performance evaluation in foreign countries has mainly experienced the observation and statistical evaluation of financial performance, the evaluation of cost financial performance. Financial performance evaluation and value financial performance evaluation are four stages of development. Dupont's analysis method includes EVA (Economic value added) and BSC (balanced Scorecard). The domestic evaluation of financial performance has undergone three changes under the guidance of the Ministry of Finance. The more perfect financial performance evaluation is the state-owned capital performance evaluation system in 1999. It has a great influence on the financial performance evaluation of our country. Based on the research on the financial performance evaluation index and the selection principle of the related financial index, the paper establishes the financial performance evaluation index, including the turnover capacity, the solvency, the financial performance evaluation index and the related financial index selection principle. The financial performance evaluation index system of four aspects of development ability and profitability. Taking 70 non-St listed companies listed in Shanghai and Shenzhen Stock Exchange as the research samples, the factor analysis method is selected. Entropy method and coefficient of variation method are three kinds of financial performance evaluation methods. The empirical process is as follows: firstly, three methods are used to evaluate the financial performance of listed companies in textile and clothing industry separately. The listed companies in textile and clothing industry are evaluated and sorted by the ordinal number summation, and the sorting results are processed by using the mode theory. Thirdly, the comprehensive evaluation scores obtained by the three evaluation methods are used to evaluate and rank the listed companies in the textile and clothing industry. Another combination evaluation method (interval number comprehensive decision model) is used to evaluate the listed companies in textile and clothing industry. Finally, the final ranking of the two combination evaluation methods is taken as the reference frame. The correlation coefficient of Spelman Spearman grade between various reference frames and various evaluation methods is calculated and tested with the result of calculation. The results show that the entropy method is superior to factor analysis method and variation coefficient method.
【学位授予单位】：中原工学院
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F406.72;F832.51;F224

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