基于GREY-ENTROPY方法的上市公司绩效评价研究

发布时间：2018-03-16 23:14

本文选题：上市公司　切入点：绩效评价　出处：《复旦大学》2012年硕士论文　论文类型：学位论文

【摘要】：近年来,我国股市快速发展,对上市公司绩效的有效评价是政府、广大投资者及企业决策者普遍关心的问题。本文在定性分析的基础上,将反映股东获利回报能力和风险水平的两类指标纳入到企业绩效评价体系中,结合盈利能力、营运能力和发展能力全面的对上市公司进行绩效评价,克服了传统上市公司绩效评价方法中忽略投资者利益的不足,并能有效引导企业注重股东回报和利益分享,同时运用主成分分析法对指标做进一步的筛选,得到能够反映上市公司各方面能力的代表性指标。在建立了科学的指标评级体系后,本文采用Grey-Entroy分析方法,即熵值法和灰色白化权函数分析法的综合分析方法,对指标体系进行评价,得到了样本公司绩效隶属于每一个评价等级“绩效很好”“绩效好”“绩效中”“绩效低”“绩效很低”的概率值,并根据模型结果中概率的分布情况对上市公司各方面的能力均衡做出分析。克服了传统评价方法中只对绩效值排序的单薄结论,对于上市公司找准提高绩效的方向有揭示意义。
[Abstract]:In recent years, the stock market of our country has developed rapidly, and the effective evaluation of the performance of listed companies is of general concern to the government, investors and enterprise decision makers. Two kinds of indicators reflecting the profitability and risk level of shareholders are brought into the performance evaluation system of enterprises, and the listed companies are evaluated comprehensively by combining profitability, operation ability and development ability. It overcomes the deficiency of neglecting investors' interests in the traditional performance evaluation methods of listed companies, and can effectively guide enterprises to pay attention to shareholders' return and benefit sharing, at the same time, the principal component analysis method is used to further screen the indicators. Get the representative index that can reflect each aspect ability of listed company. After establishing a scientific index rating system, this paper evaluates the index system by using the Grey-Entroy analysis method, I. E. the comprehensive analysis method of entropy value method and grey whitening weight function analysis method. The probabilities of "good performance", "good performance", "low performance" and "very low performance" in the sample company performance were obtained. According to the distribution of probability in the model results, the paper analyzes the ability balance of listed companies in all aspects. It overcomes the thin conclusion that the traditional evaluation methods only rank the performance values, which is significant for the listed companies to find the right direction to improve their performance.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F830.91;F275;F224

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