我国上市物流公司绩效评价与影响因素分析

发布时间：2018-04-19 17:41

本文选题：上市物流公司 + 主成分分析　；参考：《江西财经大学》2016年硕士论文

【摘要】：物流产业促进国民经济各产业部门的健康发展,改变市场经济中企业传统的管理模式,大大推动我国产业结构的调整和优化,提升经济增长速度。研究物流公司绩效及影响因素,可以引导企业管理者做出对企业发展有益的决策,对促进物流业的发展有重要意义,从而影响社会经济的发展。本文首先对61家上市物流公司的样本数据进行分析。在研究分析过程中,采用聚类分析法、相关性分析法、主成分分析法和因子分析法筛选样本指标,建立物流绩效评价指标体系,得到上市物流公司绩效评分;使用平均值分析法,对比分析各行业板块和各地区上市物流公司绩效水平;采用多元线性回归法进行建模,确定影响因素与企业绩效之间的线性关系。最后,根据研究结果对上市物流企业提出合适的意见及建议。本文的创新之处在于:第一,使用聚类分析法、相关性分析法、主成分分析法和因子分析法对上市物流公司的评价指标进行筛选,降低主观因素的干扰,使结果更加客观。第二,将选择的上市物流公司分行业、分区域地分类研究,使分析结果更具有说服力,给出的建议更具体、更有方向性。第三,分析了影响企业绩效评分的因素,使企业不仅能够发现问题,而且可以解决问题。通过分析和研究,建立起由盈利能力、企业负债、营运能力和发展能力这四个主成分组成的上市物流公司绩效评价体系,并根据主成分权重构建绩效评分模型,得出这61家上市物流公司的综合绩效评分并排名,盐田港排名第一,中昌海运排名最末。在行业绩效和区域绩效对比分析中发现,新兴产业,比如仓储业,和新开发区域,比如西部地区,它们的绩效情况在各自领域里都是最好的,发展能力评分非常高,但企业负债压力很大。其他行业和地区绩效评分也是各有长短,可根据绩效评分情况,有针对性地根据某一行业或地区出台相应政策,平衡企业短板。在影响因素的分析中,第一大股东持股比例对企业综合绩效评分影响最大,与企业综合绩效评分为正相关关系,这意味着上市物流企业需要集权制,股权分散对于公司决策有不利影响。另外,独立董事比例对企业综合绩效评分影响也很大,呈现正相关关系。这说明独立董事比例越大,在企业决策时越能不被其他股东利益左右,提出科学、客观的建议,引导企业正向发展。
[Abstract]:Logistics industry promotes the healthy development of various industrial departments of the national economy, changes the traditional management mode of enterprises in the market economy, greatly promotes the adjustment and optimization of China's industrial structure, and promotes the speed of economic growth.The study of the performance and influencing factors of logistics companies can guide the managers to make beneficial decisions for the development of enterprises, and it is of great significance to promote the development of logistics industry, thus affecting the development of social economy.This paper first analyzes the sample data of 61 listed logistics companies.In the process of research and analysis, cluster analysis, correlation analysis, principal component analysis and factor analysis are used to screen the sample indicators, establish the logistics performance evaluation index system, and get the performance score of listed logistics companies.The average value analysis method is used to compare and analyze the performance level of listed logistics companies in various industries and regions, and the linear relationship between the influencing factors and enterprise performance is determined by using multiple linear regression method.Finally, according to the results of the research on listed logistics enterprises put forward appropriate advice and suggestions.The innovations of this paper are as follows: firstly, cluster analysis, correlation analysis, principal component analysis and factor analysis are used to screen the evaluation indexes of listed logistics companies, so as to reduce the interference of subjective factors and make the results more objective.Secondly, the selected listed logistics companies will be classified into industries and regions to make the analysis results more persuasive and give more specific and directional suggestions.Thirdly, it analyzes the factors that affect the enterprise performance score, so that the enterprise can not only find the problem, but also solve the problem.Through analysis and research, the performance evaluation system of listed logistics companies is established, which is composed of four principal components: profitability, corporate debt, operation ability and development ability, and the performance scoring model is constructed according to the weight of principal components.The 61 listed logistics companies' comprehensive performance score and ranking, Yantian Port ranked first, Zhongchang Shipping ranked last.In the comparative analysis of industry performance and regional performance, it is found that emerging industries, such as warehousing industry, and newly developed regions, such as the western region, have the best performance in their respective fields, and the development ability score is very high.But corporate debt pressures are high.The performance scores of other industries and regions have their own merits and demerits. According to the performance scoring situation, the corresponding policies can be issued according to a certain industry or region to balance the short board of enterprises.In the analysis of the influencing factors, the proportion of the largest shareholder holding shares has the greatest influence on the comprehensive performance score of the enterprise, which is positively correlated with the comprehensive performance score of the enterprise, which means that the listed logistics enterprises need centralization.The decentralization of shares has a negative impact on the company's decision-making.In addition, the proportion of independent directors has a great impact on the comprehensive performance score, showing a positive correlation.This shows that the larger the proportion of independent directors, the more independent the interests of other shareholders in the decision-making process, put forward scientific and objective suggestions to guide the positive development of enterprises.
【学位授予单位】：江西财经大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F259.23

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