我国焦化行业上市公司盈利能力实证研究

发布时间：2018-05-19 13:10

本文选题：焦化行业 + 盈利能力　；参考：《中国石油大学(华东)》2013年硕士论文

【摘要】：作为国民经济的重要组成部分,焦化行业对我国的经济建设和健康发展做出了重大贡献,同时焦化行业自身也在不断发展,如落后产能淘汰步伐加快,独立焦化企业增幅扩大,加大焦炉投资、化产品回收及深加工、煤气高效利用装置投资等。但自2003年,由于钢铁——焦炭产能过剩,遭受上下游挤压;国际市场需求放缓,焦炭出口下降,竞争加剧;产业布局不合理、精细加工层次不高、能源利用率偏低等问题凸显,造成焦化企业经济效益长期处于低水平,焦化行业盈利能力下降。本文首先对焦化行业和企业盈利能力的相关理论进行综述,然后以我国焦化行业13家上市公司作为研究对象,分别从公司规模、资本结构、公司风险、成长性、营运效率、治理结构以及股权结构八个方面选取11个可能影响盈利能力的指标变量,搜集整理我国家焦化行业上市公司从2007年到2012年的相关数据,基于因子分析法进行数据分析和处理,从而找出对我国焦化行业盈利能力影响的重要因素。最后针对实证分析结果,本文对我国焦化行业如何提高盈利能力,实现快速健康发展提出对策建议。
[Abstract]:As an important part of the national economy, the coking industry has made great contributions to the economic construction and healthy development of our country. At the same time, the coking industry itself has also been developing continuously, such as the accelerated pace of backward production capacity elimination and the expansion of the growth rate of independent coking enterprises. Increase coke oven investment, chemical product recovery and deep processing, gas efficient use of equipment investment. However, since 2003, due to the overcapacity of steel and coke, it has been squeezed upstream and downstream; the international market demand has slowed down, coke exports have declined, and competition has intensified; the industrial layout is unreasonable, the level of fine processing is not high, and the energy utilization ratio is on the low side. Cause coking plant economic benefit is low level for a long time, profit ability of coking industry drops. This paper first summarizes the relevant theories about the profitability of the coking industry and enterprises, and then takes 13 listed companies in the coking industry of China as the research object, from the aspects of corporate size, capital structure, corporate risk, growth, operational efficiency, respectively. Eight aspects of governance structure and equity structure select 11 index variables that may affect profitability, collect and sort out the relevant data of listed companies in China's national coking industry from 2007 to 2012, and analyze and process the data based on factor analysis. Thus find out the important factors that affect the profitability of coking industry in China. Finally, based on the results of empirical analysis, this paper puts forward some countermeasures and suggestions on how to improve the profitability and realize the rapid and healthy development of the coking industry in China.
【学位授予单位】：中国石油大学(华东)
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F426.7;F406.7

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