我国上市公司财务竞争力评价研究

发布时间：2018-05-20 03:00

本文选题：上市公司 + 电力行业　；参考：《广西师范大学》2013年硕士论文

【摘要】：企业想要在激烈的市场竞争中获取和保持竞争优势,必须培育和发展自身独特的竞争力。而财务竞争力作为企业核心竞争力的重要组成部分,起着越来越重要的作用,值得我们重点研究和关注。由于电力行业对经济发展的重要性,怎样提升电力行业企业的财务竞争力,对电力企业的发展以及我国经济的发展具有重要意义。所以,本文以电力行业上市公司为例,进行财务竞争力评价具有重要的实践价值。本文分为六个部分：第一部分为绪论。介绍了本文的研究背景和意义,还有国内外现有文献的研究,然后提出了本文的内容和框架,以及创新点和不足之处。第二部分为相关概念和理论基础。首先对财务竞争力的含义,特征和构成要素等基础理论进行了概况,然后分析财务竞争力的形成机制,最后简单概括现有的评价方法。第三部分为上市公司财务竞争力评价的实证研究。本章主要包括财务竞争力评价指标体系的设计原则、因子分析法的数学模型,通过选取一定的财务指标,最终确立本文所采用的财务竞争力评价模型,然后对电力行业上市公司财务竞争力评价进行实证研究。第四部分为实证结果分析。对采用因子分析法所作出的结果进行分析,并指出电力行业上市公司财务竞争力存在的不足之处,虽然盈利能力较强,但偿债能力和成长能力较弱。第五部分为对策建议。本章根据实证结果的分析出的结论,从宏观和微观两个方面提出对策,以促进电力行业的快速发展。第六部分为本文研究的局限性以及对未来的展望。本文采用规范研究与实证研究相机结合的方法。通过探究现有的相关研究成果,分析现有文献关于财务竞争力的研究现状,然后引出文章的研究路径和内容。在规范研究中,首先对国内外关于企业竞争力和财务竞争力的研究成果进行了梳理。重点研究有关财务竞争力的相关基础理论,介绍了上市公司财务竞争力内涵和特征、形成机制和构成要素、它们之间的关系和评价以及影响因素等理论,对财务竞争力的基本理论进行了综合研究,构建出其理论体系。其次在实证研究中,基于财务竞争力的理论,采用因子分析法,构建一套关于电力上市公司的财务竞争力评价体系,同时选取2011年电力上市公司为研究对象,借助SPSS16.0软件,对上市电力上市公司的财务竞争力进行综合评价。本文最后通过实证分析表明,我国电力上市公司财务竞争力总的来说比较强。从财务指标分析来看,其中我国电力上市公司的盈利能力比较强,但偿债能力和成长性相对来讲比较弱,还需要进一步的提高。在通过对问题分析的基础上从两个方面提出了提升我国电力上市公司财务竞争力的对策,从宏观方面,要完善法制环境,提高电力企业的信用意识、大力发展金融市场,健全产权交易制度、实行全面的经济增加值管理；微观方面,树立正确的财务价值理念以及财务竞争力意识,实施财务再造流程,提升财务竞争力,健全财务能力体系,有效发挥财务职能。这些政策的提出对我国电力行业企业的发展有重要的意义。
[Abstract]:As the enterprise wants to gain and maintain the competitive advantage in the fierce market competition, it must cultivate and develop its own unique competitiveness. As an important part of the core competitiveness of the enterprise, the financial competitiveness plays a more and more important role. It is worthy of our attention and attention. It is of great significance for the development of electric power enterprises and the development of China's economy to enhance the financial competitiveness of the enterprises in the power industry. Therefore, this paper, taking the listed companies of the power industry as an example, has an important practical value in the evaluation of the financial competitiveness.
This article is divided into six parts:
The first part is the introduction, which introduces the background and significance of the study, and also studies the existing literature at home and abroad, and then puts forward the content and framework of this paper, and the innovation and shortcomings.
The second part is the related concept and theoretical basis. First, the basic theory of the meaning, characteristics and elements of the financial competitiveness is carried out, then the formation mechanism of financial competitiveness is analyzed, and the existing evaluation methods are briefly summarized.
The third part is an empirical study on the evaluation of the financial competitiveness of the listed companies. This chapter mainly includes the design principles of the evaluation index system of financial competitiveness, the mathematical model of factor analysis, and the final establishment of the financial competitiveness evaluation model in this paper by selecting certain financial indexes, and then the financial competition of the listed companies in the power industry. An empirical study on the evaluation of force.
The fourth part is the analysis of the empirical results. The results are analyzed by the factor analysis method, and the shortcomings of the financial competitiveness of the listed companies in the electric power industry are pointed out, although the profitability is strong, but the solvency and growth ability are weak.
The fifth part is the countermeasures and suggestions. According to the conclusion of the empirical results, this chapter puts forward the countermeasures from the macro and micro two aspects, in order to promote the rapid development of the electric power industry.
The sixth part is the limitations and future prospects of this study.
This paper adopts the method of combining the normative research and the empirical study of the camera. Through the exploration of the existing research results, this paper analyzes the current research status of the existing literature on the financial competitiveness, and then leads to the research path and content of the article. In the normative study, the research results on the competitiveness and financial competitiveness of the enterprises at home and abroad are first carried out. It focuses on the basic theory of financial competitiveness, introduces the connotation and characteristics of the financial competitiveness of the listed companies, the formation mechanism and the elements, the relationship and evaluation and the influencing factors between them, studies the basic theory of the financial competitiveness, and constructs its theoretical system. Secondly, in the empirical research. In the study, based on the theory of financial competitiveness, we use factor analysis to construct a set of evaluation system on the financial competitiveness of listed power companies. At the same time, the listed companies are selected as the research object and the financial competitive power of listed power listed companies is evaluated comprehensively with the help of SPSS16.0 software.
The final analysis shows that the financial competitiveness of the listed companies in China is relatively strong. From the analysis of financial indicators, the profitability of the listed companies in China is relatively strong, but the solvency and growth are relatively weak and need to be improved. The two aspects put forward the countermeasures to improve the financial competitiveness of China's power listed companies. From the macro aspect, we should improve the legal environment, improve the credit consciousness of the power enterprises, develop the financial market, perfect the property right trading system, carry out a comprehensive economic value added management, and set up the correct financial value concept and financial competition on the microcosmic aspect. It is of great significance to the development of the enterprises in China's power industry to implement the financial reengineering process, improve the financial competitiveness, improve the financial capability system and effectively play the financial functions.
【学位授予单位】：广西师范大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.61

【参考文献】