基于2010年年报数据的乳业上市公司经营绩效评价

发布时间：2018-03-07 07:35

本文选题：乳业上市公司　切入点：经营绩效　出处：《上海海洋大学》2012年硕士论文　论文类型：学位论文

【摘要】：乳业上市公司作为乳品行业的领军者，其经营绩效引起广泛的关注，对乳业上市公司经营绩效进行评价具有一定的现实意义。本文以乳业上市公司2010年年度财务报表为基础，从企业经营者的角度对乳品企业进行全方位的经营绩效评价。首先，分别从盈利能力、运营能力、偿债能力、发展能力四方面对乳业上市公司财务绩效评价，得到各乳品企业绩效的优劣情况。随后，分析了对这四方面影响较大、具有代表性的财务指标，从而揭示各乳业上市公司效益、资产运营、偿债能力、发展能力绩效表现的原因。接着借鉴国有资本金绩效评价权重对四方面的主因子赋权得出各乳业上市公司财务绩效综合评价得分值，整体上把握乳业上市公司的财务绩效。此外，研究对比分析了各公司的市场占有率、人力资源以及技术研发能力，得到了公司在这三方面的排名情况。本文运用理论研究、文献检索及实证分析等理论与方法，在深入了解乳品企业特性的前提下，构建了一套适合于乳业上市公司经营绩效评价指标体系，并在此基础上运用因子分析和主观赋权法展开乳业上市公司经营绩效进行评价，得出相关结论。本研究除绪论之外共五部分。其主要内容如下：（1）我国乳品现状的研究。这是了解认识乳品市场，乳品企业特性从而构建企业绩效评价指标的前提。本部分介绍了乳制品行业总体概况、我国乳制品的供需情况以及当前上市的乳品企业。（2）乳业上市公司经营绩效评价的理论。这是研究乳业上市公司经营绩效评价的基础。本章首先定义了乳品、企业经营绩效的概念，接下来从理论上定位乳业上市公司经营绩效评价的方向，也为之后的研究做铺垫。（3）乳业上市公司经营绩效评价指标构建。依据我国乳品行业现状，兼顾产品属性、企业经营规模等内容，本章构建一套适合于乳业上市公司经营绩效评价的指标体系，为后续的实证研究提供模型支持。（4）乳业上市公司经营绩效评价实证研究。本章先对每一类指标运用因子分析法提取主因子，得出乳品企业在盈利、运营、偿债以及成长能力的绩效表现情况，接着运用主观赋权法对各因子进行赋权计算出乳品企业综合财务绩效得分。此外，从市场占有率、企业人力资源以及技术能力三方面对比分析了乳业上市公司的非财务绩效。（5）提出乳业上市公司经营绩效评价研究的结论以及提高经营绩效的政策建议。通过对乳业上市公司经营绩效进行评价得到了乳品企业经营绩效评价的结论，并据此给出提高企业经营绩效的政策建议。本文的特点：（1）通过查阅大量企业经营绩效评价的文献，在深入了解乳品企业特性的前提下，构建一套适用于乳品上市公司经营绩效评价的指标体系，从而为准确评价乳品企业经营绩效提供了基础。（2）分析乳品上市公司的盈利能力、偿债能力、运营能力和发展潜力时，文章运用因子分析提取少量主因子，起到简化的目的，，又提取较大的信息量。同时分析影响主因子的财务指标，分析企业绩效不高的具体原因，为进一步改善提供方向。运用德菲尔法对四方面主因子赋权，得到各乳品上市公司经营绩效的评价得分，这样充分发挥了主客观赋值的优点，有利于正确评价企业经营绩效。
[Abstract]:As a leader of dairy industry, the performance of dairy listed companies has attracted wide attention. The evaluation of the performance of dairy listed companies has certain practical significance.
In this paper, dairy listed companies in 2010 annual financial statements as the basis, a full range of financial performance evaluation of dairy products from the view of company managers. First of all, respectively, from the profitability, operating capacity, solvency, development ability of four aspects of financial performance evaluation of listed dairy companies, the merits of the case obtained the performance of dairy industry. Then, analysis the influence of these four aspects, the financial indicators representative, so as to reveal the benefits of dairy listed companies, assets operation, solvency, development ability performance. Then reference the state-owned capital performance evaluation factor weights on the four aspects of empowerment that score of comprehensive financial performance evaluation of the dairy listed companies value. Grasp the whole dairy listed companies' financial performance. In addition, study on the comparative analysis of the company's market share, human resources and technology research Force, got the company's ranking in these three aspects.
This paper uses theoretical research and empirical analysis, literature retrieval and other theories and methods, based on in-depth understanding of the characteristics of dairy enterprises, construct a set of suitable for dairy listed companies operating performance evaluation index system, and on this basis, using factor analysis and subjective weighting method show performance evaluation on listed dairy companies, draw relevant conclusions.
In addition to the introduction of the five parts of the study, the main contents are as follows:
(1) the research on the current situation of dairy products in China. This is the premise to understand the characteristics of dairy market and dairy enterprises, so as to set up a performance evaluation index for enterprises. This section introduces the general situation of dairy industry, the supply and demand of dairy products in China, and the current listed dairy enterprises.
(2) the operating performance evaluation of listed dairy companies. This is the theoretical basis of performance evaluation of dairy listed companies. This chapter first defines the concept of dairy products, business performance, then listed theoretically positioning dairy company performance evaluation, also pave the way for the study.
(3) the construction of dairy listed companies operating performance evaluation index. Based on the current situation of dairy industry in our country, taking into account the product attributes, business scale and other content, this chapter constructs a set of index system for performance evaluation of the listed companies in the dairy industry, to provide model support for subsequent empirical research.
(4) empirical research on the management performance evaluation of listed dairy companies. This chapter first of each kind of factor extraction indexes by using principal factor analysis, the dairy enterprises in the profit, operation, performance and debt growth ability, then use the subjective weighting method of each factor were weighted to calculate the comprehensive financial performance of dairy enterprises score. In addition, the market share of enterprises, human resources and technology ability three aspects of a comparative analysis of the non financial performance of listed dairy companies.
(5) the dairy listed companies operating performance evaluation of the research conclusion and policy suggestions to improve business performance. The performance evaluation of listed companies on the dairy has been operating performance of dairy enterprises evaluation conclusion, and improve business performance policy suggestions are given.
The characteristics of this article:
(1) by consulting a large number of literatures about enterprise performance evaluation, we set up a set of index system suitable for the performance evaluation of dairy companies based on a thorough understanding of the characteristics of dairy enterprises, so as to provide a basis for accurately evaluating the performance of dairy enterprises.
(2) analysis of dairy listed companies profitability, solvency, operational capacity and development potential, this paper uses factor analysis to extract a small amount of main factor, to simplify the extraction, and a large amount of information. At the same time, analysis of financial indicators affecting the main factor, analysis of the specific reasons for the enterprise performance is not high, to provide direction to further improve the use of the Delphi method. The main factors on the four aspects of empowerment, get the business performance evaluation of the dairy listed companies that score, give full play to the advantages of subjective and objective evaluation, to correctly evaluate the financial performance.

【学位授予单位】：上海海洋大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F426.82;F832.51;F224

【参考文献】