集团公司整体上市后关联交易对财务业绩的影响研究

发布时间：2018-05-01 18:28

本文选题：整体上市 + 集团公司　；参考：《重庆工商大学》2012年硕士论文

【摘要】：关联交易的两面性使其成为中西方财务会计研究的热点和难点问题，而这一问题随着我国全流通时代的到来，尤其是在全流通时代背景下整体上市的实现而有望得到有效的解决。因此，运用实际数据对集团公司整体上市后关联交易的变化，集团公司整体上市后关联交易对财务业绩的影响以及整体上市能否有效解决大股东侵占中小投资者利益等问题进行分析已经成为重要的研究内容。本文在阐述整体上市相关理论，财务业绩评价相关理论以及关联交易相关理论的基础上，对整体上市和关联交易的现状和实质进行了描述分析。同时，通过比较分析法，利用Excel、SPSS等软件对整体上市前后关联交易的变化、整体上市和未整体上市公司关联交易的变化以及关联交易对财务业绩的影响进行了描述性统计分析和独立样本T检验分析。文章的最大意义在于弥补了前人由于样本数据不足而无法对整体上市后关联交易对财务业绩的影响进行的实证分析。研究结果表明，集团公司整体上市后发生的关联交易规模较整体上市前显著减少，与同年未整体上市公司发生的关联交易规模相比也较小，从而有效抑制了大股东侵占中小投资者利益的问题。另外，整体上市后关联交易有利于提升集团公司财务业绩，其中，购买型关联交易与集团公司财务业绩呈显著正相关关系，而销售型关联交易与集团公司财务业绩呈正相关关系，但不显著。文章最后从不同利益相关者角度出发，结合前文的研究提出了一些建议。在研究方法上，本文采用规范研究和实证研究相结合，同时运用比较分析的手段对整体上市前后、整体上市与未整体上市公司的关联交易规模变化和不同进行了探讨，，从而为实证部分的研究奠定基础，使得研究结论更具说服力。
[Abstract]:The dual character of affiliated transaction makes it a hot and difficult problem in the study of financial accounting in China and western countries, and with the arrival of the era of full circulation in our country, Especially under the background of the whole circulation era, the realization of the whole listing is expected to be solved effectively. Therefore, the use of actual data to the group after the overall listing of related party transactions changes, It has become an important research content to analyze the influence of related party transactions on financial performance and whether the whole listing can effectively solve the problem of large shareholders encroaching on the interests of small and medium investors. On the basis of expounding the relevant theories of whole listing, financial performance evaluation and related party transactions, this paper describes and analyzes the present situation and essence of the whole listing and related party transactions. At the same time, by means of comparative analysis, using Excel SPSS and other software, the changes of related party transactions before and after the whole listing are analyzed. The changes of related party transactions and the impact of related party transactions on financial performance of listed companies are analyzed by descriptive statistical analysis and independent sample T-test analysis. The greatest significance of this paper is to make up for the previous empirical analysis of the impact of related party transactions on financial performance due to the lack of sample data. The results show that the scale of related party transactions after the group company is listed as a whole is significantly lower than that before the whole listing, and compared with the scale of the related party transactions that did not occur in the whole listed company in the same year. Thus effectively restrain the large shareholders from encroaching on the interests of small and medium investors. In addition, the related party transaction after the whole listing is beneficial to improve the financial performance of the group company, among which, the purchasing related party transaction has a significant positive correlation with the financial performance of the group company. The sales-related transactions and group financial performance positive correlation, but not significant. Finally, from the perspective of different stakeholders, combined with the previous study, some suggestions are put forward. In terms of research methods, this paper combines normative research with empirical research, and discusses the changes and differences of the scale of related party transactions between the whole listed companies and the non-listed companies before and after the whole listing by means of comparative analysis. So as to lay a foundation for the empirical part of the study, make the conclusions more convincing.
【学位授予单位】：重庆工商大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51;F275;F224

【引证文献】