酿酒行业上市公司盈利能力及影响因素的实证研究

发布时间：2018-03-13 22:16

本文选题：酿酒行业上市公司　切入点：盈利能力　出处：《湘潭大学》2013年硕士论文　论文类型：学位论文

【摘要】：酒文化是中国历史发展进程中特殊的文化传承，其影响力已经渗透到人类社会日常生活中的每个方面。纵观中国酿酒工业的发展和现状，酿酒企业在中国数目繁多，也出现了一些享誉世界的品牌，如张裕、茅台，但是在整个行业中上市公司的数量同其他行业相比还是较少的，在这些上市公司中不乏各酒类的龙头企业，因此论文中选取2008年以前上市的酿酒企业作为研究对象。2009年至2011年是酿酒行业经过次贷危机迎来第十个二五年发展计划的过渡时段，论文所用到的数据是酿酒企业上市公司这三年的财务数据。盈利能力是企业生存的基本能力，论文研究了2009年至2011年酿酒行业上市公司的盈利能力，对现有的酿酒上市企业和行业内其他企业有着一定的现实借鉴意义。论文首先在国内外相关研究的基础上，建立了一个盈利能力的评价体系。通过分析企业各类活动来选择相应的指标，构成一个动态的指标体系，利用spss软件的因子分析法得出了酿酒行业上市公司三年综合盈利能力的排名，并对其进行了简单对比分析。其次是用多元线性回归模型对影响盈利能力的因素进行了分析，自变量是与盈利能力评价的指标体系相对应的一个指标体系，自变量是因子分得到的综合盈利得分，，最终模型拟合的结果中有五个因素对盈利能力有明显影响——企业的盈利能力与固定资产和总资产的增长、经营管理活动的效率呈正相关关系，与资产负债率呈负相关关系。最后根据对实证结果的简单分析，论文对酿酒行业及其属下各子行业提出了相应的发展建议。
[Abstract]:Wine culture is a special cultural heritage Chinese process of historical development, its influence has penetrated into every aspect of daily life in human society. The development and current situation of China throughout the wine industry, wine enterprises in the Chinese number, there are some world-renowned brands, such as Moutai, Changyu, but the number of listed companies in the whole industry in the same industry compared to other or less, many wine enterprises in these listed companies, so the paper selects listed before 2008 in the wine business as the research object.2009 to 2011 is the transition period after the subprime crisis brewing industry ushered in the tenth 25 year plan, the data used in the three the financial data of listed companies. Wine business profitability is the basic ability of enterprises to survive, the study from 2009 to 2011 the wine industry listed The profitability of the company has a certain practical significance for the existing enterprises and other enterprises in the industry.
Firstly, based on related research at home and abroad, to establish a profitability evaluation system. Through the analysis of all kinds of business activities to select the corresponding indicators, constitute a dynamic index system, using the factor analysis of SPSS software that the wine industry listed companies in the three year comprehensive profitability ranking, and the a simple comparative analysis. Second is to analyze the influence factors of the profitability of the multivariate linear regression model, the independent variable is an index system of evaluation index system and the profitability of the independent variable is due to comprehensive profit subsidiary to get the score of the final model, the fitting results in five factors have obvious influence the profitability of the enterprise's profit ability and the growth of fixed assets and total assets, a positive correlation between the efficiency of management activities, it is negatively correlated with the asset liability ratio Finally, according to the simple analysis of the empirical results, the paper put forward some suggestions for the development of the wine industry and its sub industries.

【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F276.6;F426.82

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