基于动态视角的新疆上市公司绩效评价研究

发布时间：2018-12-16 16:42

【摘要】：从1994年宏源证券上市至今，新疆共有上市公司38家，这些企业都是新疆乃至全国范围内的龙头企业，对新疆经济的发展起到了巨大的带动作用，而作为我国西部大开发新十年的重中之重，新疆将享受较大的政策支持，具有政策优势的“新疆板块”借助跨越式发展的概念必将成为投资的热点。上市公司的绩效一直是证券投资者、证券分析人士、政府管理部门与公司员工共同关注的焦点，新疆上市公司的绩效在某种程度上是新疆地区经济发展的晴雨表，对其进行准确而客观地评价，既可以对企业的绩效水平进行量化，使企业能够意识到自身的不足和优势，引导其更好地发展，同时还可从一个侧面反映新疆经济的结构和发展状况，为新疆经济结构的战略调整提供一定的参考。因此，本文在借鉴目前上市公司绩效评价研究成果的基础上，从动态绩效评价的视角，对新疆上市公司绩效评价的指标体系和评价方法进行了较为深入的研究，并对新疆上市公司目前存在的问题进行了探究，最后给出了相应的建议，本文的结构安排为：第一部分主要介绍了研究背景和研究意义，并回顾了国内外公司绩效评价的发展历程和研究现状，指出了目前绩效评价研究的不足之处，最后介绍了本文的研究思路。第二部分对新疆上市公司绩效评价的指标体系进行了探索，遵循定量和定性相结合的思想，，先提出初始的指标体系，再利用非参数统计方法进行指标体系的筛选，在一定程度上兼顾了指标体系的全面性、科学性和代表性。第三部分介绍了本文模型涉及的灰色关联分析和主成分评价方法，并在此基础上构建了上市公司动态绩效评价的模型。第四部分是利用新疆板块2006年以前上市的26家上市公司的数据，基于所构造的动态绩效评价模型进行了实证研究，得出了最终的总关联度和名次，并对评价结果进行了分析。第五部分指出了目前新疆上市公司发展中存在的问题，并提出了相应的建议。
[Abstract]:From 1994 to now, there are 38 listed companies in Xinjiang. These enterprises are leading enterprises in Xinjiang and even across the country, and have played a huge role in driving the economic development of Xinjiang. As the most important part of the new decade of western development in China, Xinjiang will enjoy greater policy support. The concept of "Xinjiang plate" with policy advantages will become a hot spot of investment by means of the concept of leap-forward development. The performance of listed companies has always been the focus of attention of securities investors, securities analysts, government management departments and company employees. To some extent, the performance of listed companies in Xinjiang is a barometer of economic development in Xinjiang. To evaluate it accurately and objectively can not only quantify the performance level of enterprises, but also enable enterprises to realize their own shortcomings and advantages and guide them to develop better. At the same time, it can also reflect the structure and development of Xinjiang's economy from one side, and provide a certain reference for the strategic adjustment of Xinjiang's economic structure. Therefore, based on the research results of performance evaluation of listed companies at present, this paper makes a deep research on the index system and evaluation methods of performance evaluation of listed companies in Xinjiang from the perspective of dynamic performance evaluation. Finally, some suggestions are given. The structure of this paper is as follows: the first part mainly introduces the research background and significance. It also reviews the development history and research status of corporate performance evaluation at home and abroad, points out the shortcomings of the current research on performance evaluation, and finally introduces the research ideas of this paper. The second part explores the index system of performance evaluation of listed companies in Xinjiang. Following the idea of combining quantitative and qualitative analysis, the initial index system is put forward, and then the non-parametric statistical method is used to screen the index system. To a certain extent, the index system is comprehensive, scientific and representative. The third part introduces the grey relational analysis and principal component evaluation method involved in this model, and then constructs the dynamic performance evaluation model of listed companies. The fourth part is to use the data of 26 listed companies listed before 2006 in Xinjiang plate, based on the constructed dynamic performance evaluation model to carry on the empirical research, has obtained the final total correlation degree and the rank, and has carried on the analysis to the appraisal result. The fifth part points out the problems existing in the development of listed companies in Xinjiang and puts forward corresponding suggestions.
【学位授予单位】：新疆财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51;F276.6;F224

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