我国食品行业上市公司成长性评价实证研究

发布时间：2018-01-01 17:39

本文关键词：我国食品行业上市公司成长性评价实证研究　出处：《华中农业大学》2013年硕士论文　论文类型：学位论文

【摘要】：本文以在沪深两市A股主板市场上市的食品行业上市公司为研究样本,从公司规模、财务管理能力(盈利能力,偿债能力,营运能力,成本控制能力)、成长能力、市场营销能力和创新能力五个方面选取20个评价指标构建成长性评价模型,运用因子分析法对我国食品行业上市公司的成长性进行了评价和排序，，得出了2004～2011年的成长性排名和成长趋势,同时利用2011年的数据对食品行业上市公司整体成长性和各分项能力对成长的影响进行了评价,并从地域分布、企业类型两个角度进行了成长性对比分析,提出了促进我国食品行业上市公司成长的相关建议。首先,本文在阐述企业成长内涵、成长理论的基础上,对国内外企业成长性评价指标、方法及研究现状等诸多研究成果进行了简要述评,为本文提供了理论基础。其次,对我国食品行业发展现状进行了描述分析,将食品企业的成长历程划分为平稳缓慢增长、复苏觉醒和飞速发展三个阶段。此外,从总量和地域分布、规模及经营业绩三个方面对我国食品行业上市公司成长现状及特点进行了分析与总结。得到我国食品行业上市公司的基本特征：(1)我国食品行业上市公司总量不断增加,但也呈现出地域分布不均衡；(2)整体上规模偏小,难以产生规模效应；(3)整体经营业绩虽然呈平稳上升趋势,但是股东获利能力和净资产收益率有待提高,行业内也发展不均衡。再次,构建我国食品行业上市公司成长性评价体系,并进行实证分析。运用因子分析法构建食品行业上市公司成长的评价体系,以沪深两市A股主板市场经筛选后的42家上市食品企业为样本,利用SPSS17.0分析了公司规模、财务管理能力(盈利能力,偿债能力,营运能力,成本控制能力)、成长能力、市场营销能力和创新能力五个方面的评价指标对食品行业上市公司成长性的影响,并得到以下结论：(1)我国食品行业上市公司整体成长性较差；(2)我国食品行业上市公司各分项成长能力不均衡；(3)不同区域的食品行业上市公司成长性差距较大；(4)不同企业类型食品行业上市公司成长性差异较大；(5)我国食品行业上市公司创新能力较低。最后,根据实证分析结果,从政府创造有利外部条件和企业积极创造有利于自身成长的内部条件两个方面对我国食品行业上市公司的成长性提出了若干建议,并指出了本文的研究不足与展望。
[Abstract]:This paper takes listed in Shanghai and Shenzhen two A motherboard market share of the food industry listed companies as research samples, from the size of the company, financial management capability (profitability, solvency, operating capacity, cost control ability), growth ability, the five aspects of marketing ability and innovation ability of 20 evaluation indexes are selected to construct the growth evaluation model by using the method of factor analysis, growth of China's food industry listed companies were evaluated and sorted, obtained from 2004 to 2011 rankings of the growth and growth trend, and using the data of 2011 on the food industry overall growth of listed companies and the sub ability of growth was evaluated, and from the geographical distribution, two types of angle of enterprise growth analysis comparison, puts forward relevant suggestions to promote China's food industry, the growth of listed companies.
First, based on the elaboration of the connotation of enterprise growth and the growth theory, this paper reviews the research results of growth evaluation indicators, methods and research status at home and abroad, and provides a theoretical basis for this article.
Secondly, the status quo of food industry development in our country are described and analyzed, the food and the growth of enterprises is divided into stable and slow growth, the recovery of awakening and the rapid development of three stages. In addition, the total and regional distribution from three aspects, scale and business performance are analyzed and summarized on China's food industry development status and the characteristics of listed companies. The basic characteristics of China's food industry listed companies: (1) the total amount of listed companies of China's food industry continues to increase, but also showing uneven geographical distribution; (2) the overall size is small, it is difficult to produce the scale effect; (3) the overall operating performance although a steady upward trend, but the profitability of shareholders and the rate of return on net assets in the industry also needs to be improved, the development is not balanced.
Thirdly, to construct the system of evaluation of the growth of Listed Companies in China food industry, and empirical analysis. Using the factor analysis method to construct the growth of Listed Companies in the food industry evaluation system, the Shanghai and Shenzhen two A motherboard market share by 42 listed food companies after the screening of samples was analyzed by SPSS17.0. The size of the company, financial management capability (the profitability, solvency, operating capacity, cost control ability), growth ability, impact assessment index of five aspects of marketing ability and innovation ability of listed companies on the growth of the food industry, and get the following conclusions: (1) the poor food industry in China listed companies overall growth; (2) the breakdown of growth the ability of the listed company of Chinese food industry is not balanced; (3) in different areas of the food industry listed company growth gap; (4) different types of enterprise growth differences in food industry listed companies (5) the innovation ability of the listed companies in the food industry of our country is low.
Finally, according to the results of empirical analysis, some suggestions for the growth of China's food industry listed companies are put forward from two aspects: creating favorable external conditions for the government and creating internal conditions conducive to their growth.

【学位授予单位】：华中农业大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F272;F426.82

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