我国金属行业上市公司规模与成长性研究

发布时间：2018-12-16 05:11

【摘要】：经济活动中的规模始终是中国经济发展的一个极其重要的课题。改革开放30年来，我国经济持续高速增长，企业数量不断增加、企业规模不断扩大，规模经济状况出现了一定程度的好转，，但是同发达国家相比我国制造业企业，特别是金属行业企业规模任然较小、集中度也较低。为了进一步了解我国金属行业企业规模状况，以帮助利益相关者做出决策，本文通过以44家金属行业上市公司2000年、2005年、2010年的数据为样本进行了研究，揭示了金属行业企业规模对其成长性的影响。本文共包括六个部分：第一部分结合我国实际确立了本文的目的和意义并对本文的创新和不足做出了总结；第二部分对国内外相关文献进行了回顾；第三部分对建立假设和解释实证结果所需的理论进行了介绍；第四部分提出了研究的基本假设、确定了变量体系并建立了回归模型；第五部分运用回归分析法对规模与成长性之间的关系进行了分析；第六部分得出结论和建议，为以后的进一步研究提供线索。本文采用回归分析法，分别对反映企业规模的总资产、销售额、员工数等三项指标与企业成长性之间的关系进行了研究，而且通过比较不同年份的回归结果考察了在不同时点上的情况。经实证研究本文主要得出了以下两条结论：我国金属行业上市公司的规模会对其成长性产生显著的负面影响；固定资产占比、销售净利率两项指标对金属行业上市公司成长性的影响并不显著，而高素质员工占比则对成长性有着显著的负面影响。
[Abstract]:The scale of economic activities has always been an extremely important topic for China's economic development. Over the past 30 years of reform and opening up, China's economy has continued to grow at a high speed, the number of enterprises has been increasing, the scale of enterprises has been continuously expanded, and the situation of scale economy has improved to a certain extent. However, compared with the developed countries, our manufacturing enterprises, In particular, the scale of metal industry enterprises are still small, the concentration is also low. In order to further understand the scale of Chinese metal industry enterprises and help stakeholders to make decisions, this paper studies 44 listed metal industry companies in 2000, 2005 and 2010. The influence of the scale of the metal industry on its growth is revealed. This paper consists of six parts: the first part establishes the purpose and significance of this article and summarizes the innovation and deficiency of this paper, the second part reviews the relevant literature at home and abroad. The third part introduces the theory needed to establish the hypothesis and explain the empirical results, the fourth part puts forward the basic hypothesis of the study, determines the variable system and establishes the regression model. The fifth part uses regression analysis method to analyze the relationship between scale and growth, and the sixth part draws conclusions and suggestions to provide clues for further research. In this paper, the regression analysis is used to study the relationship between the total assets, sales and the number of employees, which reflect the size of the enterprise, and the growth of the enterprise. And by comparing the regression results of different years, we investigate the situation at different time points. Through the empirical research, this paper draws the following two conclusions: the scale of listed companies in China's metal industry will have a significant negative impact on their growth; The ratio of fixed assets to fixed assets and the net interest rate of sales have no significant effect on the growth of listed companies in metal industry, while the proportion of high-quality employees has a significant negative impact on growth.
【学位授予单位】：兰州商学院
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F224;F426.3;F832.51

【参考文献】