我国创业板上市公司融资质量研究

发布时间：2018-05-05 21:18

本文选题：创业板 + 上市公司　；参考：《石家庄经济学院》2012年硕士论文

【摘要】：融资质量是指企业对内对外融集资金成本效益水平的高低。融资质量是衡量一个企业负债融资质量、所有者权益融资质量以及是否与资产质量相匹配的重要指标，是理财质量体系的重要组成部分，是关系着企业可持续发展的重要因素。而我国创业板经过筹备十余年之久在2009年10月才正式开启，我国新型的创业板上市公司融资质量家底到底怎样？所谓的高科技和高成长是否与其高达45倍到100倍的市盈率相匹配？2亿元至20亿元左右的融资额度是否真正用到公司技术创新和提高未来成长性上？它们的融资质量对我国一千多万家中小企业，尤其具备在创业板上市条件的几十万家创新型高成长性中小企业来说，是否具备无可争议的榜样力量或标杆作用？相关部门和投资者对此高度关注。本文正是基于创业板及融资理论、理财质量、计量经济学的相关理论为基础，首次从提高创业板上市公司的融资质量这一全新的角度出发，利用Excel、Spss研究方法，对我国创业板融资质量进行研究，通过建立上市公司融资质量的指标体系，利用国资委绩效评价方法而非指标体系，对我国创业板上市的样本公司融资质量进行综合评价，有利于投资者测评上市公司融资质量而做出正确的投资方案，有利于上市公司的管理层及股东提高融资质量而做出更好的决策，为证监会、政府及中介机构评价、检测上市公司融资状况提供参考价值，促使我国创业板上市公司健康发展。
[Abstract]:The quality of financing refers to the level of cost-benefit of internal and external financing. Financing quality is an important index to measure a company's debt financing quality, owner's equity financing quality and whether or not it matches with asset quality. It is an important component of financial quality system and an important factor related to the sustainable development of an enterprise. The gem of our country after more than ten years of preparation before officially opened in October 2009, China's new gem financing quality of listed companies after all what? Does the so-called high-tech and high growth match its price-to-earnings ratio of up to 45 to 100 times? is the financing quota of 200 to 2 billion yuan really used to increase the company's future growth and technological innovation? Their financing quality for China's more than 10 million SMEs, especially in the gem listing conditions for hundreds of thousands of innovative high-growth SMEs, whether there is no doubt about the role of role models or benchmarking? Relevant departments and investors are highly concerned about this. This paper is based on the gem and financing theory, financial quality, econometrics related theories, from the perspective of improving the financing quality of listed companies on the gem for the first time, using the research method of Excel Spss. This paper studies the financing quality of gem in our country. By establishing the index system of financing quality of listed companies and using the performance evaluation method of SASAC rather than the index system, the financing quality of sample companies listed on gem is comprehensively evaluated. It is helpful for investors to evaluate the financing quality of listed companies and to make the correct investment plan, to help the management and shareholders of listed companies to improve the financing quality and to make better decisions, so as to evaluate the financing quality for the SFC, the government and the intermediary organizations. Testing the financing status of listed companies provides reference value to promote the healthy development of listed companies on gem.
【学位授予单位】：石家庄经济学院
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51

【参考文献】