我国上市公司收益质量评价研究：理论与实证
发布时间：2019-05-16 12:59
【摘要】：收益是衡量公司业绩的核心概念，但是以会计收益为基础的净资产收益率、市盈率等传统单一的指标无法全面反映隐藏在数字背后的收益质量，不能为决策提供有效的信息。因此，，如何透过企业完美的财务报表，利用会计信息间的制约和勾稽关系，来鉴别上市公司收益质量，已经成为广大投资者投资乃至整个资本市场健康发展迫切需要解决的问题。 本文力图通过规范与实证相结合的方法，基于“会计信息有用观”，从收益的特征出发，对我国上市公司收益质量的评价进行研究。 本文共分为七章： 第一章为绪论，主要阐述了本文的研究背景及意义,国内外研究现状、研究内容与方法。 第二章为相关理论概述，主要阐述了收益质量的内涵界定、特征、影响因素及论文使用的统计方法。其中，本文认为收益质量应该是企业会计收益反映其真实的盈利能力、收现能力及未来获利能力的综合，收益质量的特征包括真实性、获利性、可靠性、成长性、持续性。 第三章为上市公司收益质量评价理论模型的构建。该部分在收益真实性的前提下，利用结构方程法构建理论模型。该模型以收益质量潜在变量作为二阶因子，以收益的获利性、可靠性、成长性、持续性四个特征潜在变量为一阶因子，以评价体系中的指标为观测变量。 第四章为理论模型的实证检验与修正。主要阐述了实证前期的数据处理、实证检验、两次修正、对研究假设的检验、综合评价指标体系权重的确定. 第五章为分行业上市公司收益质量的比较分析。主要包括了对2010年沪深A股上市公司各行业收益质量的描述性统计分析、分行业收益质量整体描述及整体上市公司收益的特征分析。 第六章为研究结论与相关建议。主要阐述了本文的一些主要研究结论，并根据实证结果，分别从宏观和微观对公司提出了相关建议。 第七章为结束语，主要阐述了本文的优越性、局限性及研究展望。
[Abstract]:Income is the core concept to measure corporate performance, but the traditional single index, such as return on net assets and price-earnings ratio, which is based on accounting income, can not fully reflect the quality of income hidden behind the number, and can not provide effective information for decision-making. Therefore, how to identify the income quality of listed companies through the perfect financial statements of enterprises, using the constraints and relations between accounting information, It has become an urgent problem to be solved for the investment of investors and even the healthy development of the whole capital market. This paper tries to study the evaluation of the income quality of listed companies in China based on the useful view of accounting information and the characteristics of income through the combination of standardization and demonstration. This paper is divided into seven chapters: the first chapter is the introduction, mainly describes the research background and significance of this paper, research status at home and abroad, research content and methods. The second chapter is an overview of related theories, mainly describes the connotation of income quality definition, characteristics, influencing factors and the statistical methods used in the paper. Among them, this paper holds that income quality should be the synthesis of corporate accounting income reflecting its real profitability, cash collection ability and future profitability. The characteristics of income quality include authenticity, profitability, reliability, growth and sustainability. The third chapter is the construction of the theoretical model of earnings quality evaluation of listed companies. Under the premise of the authenticity of income, this part uses the structural equation method to construct the theoretical model. In this model, the potential variables of income quality are taken as the second order factor, the profit, reliability, growth and persistence of income are taken as the first order factors, and the indexes in the evaluation system are taken as the observation variables. The fourth chapter is the empirical test and revision of the theoretical model. This paper mainly expounds the data processing, empirical test, two amendments, the test of research hypothesis and the determination of the weight of comprehensive evaluation index system in the early stage of empirical study. The fifth chapter is the comparative analysis of the income quality of listed companies in different industries. It mainly includes the descriptive statistical analysis of the income quality of Shanghai and Shenzhen A-share listed companies in 2010, the overall description of the income quality of the listed companies by industry and the analysis of the characteristics of the earnings of the listed companies as a whole. The sixth chapter is the research conclusion and the related suggestion. This paper mainly expounds some main research conclusions of this paper, and according to the empirical results, puts forward some relevant suggestions to the company from the macro and micro respectively. The seventh chapter is the conclusion, which mainly expounds the advantages, limitations and research prospects of this paper.
【学位授予单位】：宁波大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224
本文编号：2478295
[Abstract]:Income is the core concept to measure corporate performance, but the traditional single index, such as return on net assets and price-earnings ratio, which is based on accounting income, can not fully reflect the quality of income hidden behind the number, and can not provide effective information for decision-making. Therefore, how to identify the income quality of listed companies through the perfect financial statements of enterprises, using the constraints and relations between accounting information, It has become an urgent problem to be solved for the investment of investors and even the healthy development of the whole capital market. This paper tries to study the evaluation of the income quality of listed companies in China based on the useful view of accounting information and the characteristics of income through the combination of standardization and demonstration. This paper is divided into seven chapters: the first chapter is the introduction, mainly describes the research background and significance of this paper, research status at home and abroad, research content and methods. The second chapter is an overview of related theories, mainly describes the connotation of income quality definition, characteristics, influencing factors and the statistical methods used in the paper. Among them, this paper holds that income quality should be the synthesis of corporate accounting income reflecting its real profitability, cash collection ability and future profitability. The characteristics of income quality include authenticity, profitability, reliability, growth and sustainability. The third chapter is the construction of the theoretical model of earnings quality evaluation of listed companies. Under the premise of the authenticity of income, this part uses the structural equation method to construct the theoretical model. In this model, the potential variables of income quality are taken as the second order factor, the profit, reliability, growth and persistence of income are taken as the first order factors, and the indexes in the evaluation system are taken as the observation variables. The fourth chapter is the empirical test and revision of the theoretical model. This paper mainly expounds the data processing, empirical test, two amendments, the test of research hypothesis and the determination of the weight of comprehensive evaluation index system in the early stage of empirical study. The fifth chapter is the comparative analysis of the income quality of listed companies in different industries. It mainly includes the descriptive statistical analysis of the income quality of Shanghai and Shenzhen A-share listed companies in 2010, the overall description of the income quality of the listed companies by industry and the analysis of the characteristics of the earnings of the listed companies as a whole. The sixth chapter is the research conclusion and the related suggestion. This paper mainly expounds some main research conclusions of this paper, and according to the empirical results, puts forward some relevant suggestions to the company from the macro and micro respectively. The seventh chapter is the conclusion, which mainly expounds the advantages, limitations and research prospects of this paper.
【学位授予单位】：宁波大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224
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