山西煤炭上市公司成长性分析
发布时间:2019-02-22 08:50
【摘要】: 企业的发展必须以一定的增长速度为前提。企业的任何决策与分析都必须把企业成长性纳入其视野,否则,就不可能得出较为准确而全面的结论,对企业的长远发展不利。煤炭不仅是燃料动力的主要来源,也是重要的化工原料和民用能源,煤炭工业在我国经济建设和社会发展中有着非常重要的作用。山西是中国的产煤大省和输煤大省、我国重要的能源化工基地,对山西经济发展有着极其重要的作用,在全国煤炭上市公司中,无论是从数量还是从规模,山西的煤炭上市公司都明显占据重要地位。美国次贷危机不断蔓延至全球金融市场,对美国周边市场和全球经济的波及程度也越来越大,全球经济恶化。就煤炭而言,迫使中国政府调整进出口政策,减少煤炭出口配额,调高出口税率,由出口转为内销,稳定国内市场需求,国内部分煤种价格下跌,而国内煤炭供过于求,价格下行的市场风险进一步加大。基于此,本文将研究山西煤炭上市公司成长性问题,对山西经济可持续增长具有重要的理论价值,特别是研究如何在金融危机中保持其成长性,也有很强的现实意义。 全文主要分为六个部分:第一部分为导论部分,主要回顾和利用国内外学者的研究成果,全面、系统的介绍可持续增长理论;第二部分主要介绍煤炭上行业的性质和特点,山西煤炭上市公司概况及金融危机对煤炭行业的影响;第三部分是文章的理论部分,在对可持续增长模型进行介绍的同时,进一步分析了上市公司财务可持续增长的影响因素;第四部分运用实证分析的方法对山西煤炭上市公司成长性进行分析;第五部分对山西煤炭上市公司成长性差异的原因及金融危机下导致成长性差异的原因进行分析;第六部分针对山西煤炭上市公司财务可持续增长中存在的问题,提出一套行之有效的解决方法,为上市公司的增长管理提供借鉴,并针对行业特点,为山西煤炭上市公司提出应对金融危机的策略。
[Abstract]:The development of enterprises must be based on a certain rate of growth. Any decision and analysis of the enterprise must include the enterprise growth into its vision, otherwise, it is impossible to draw a more accurate and comprehensive conclusion, which is unfavorable to the long-term development of the enterprise. Coal is not only the main source of fuel power, but also an important chemical raw material and civil energy. Coal industry plays a very important role in the economic construction and social development of our country. Shanxi is one of the largest coal-producing and coal-transporting provinces in China, and an important energy and chemical industry base in China, which plays an extremely important role in Shanxi's economic development. In the national coal listed companies, whether in terms of quantity or scale, Shanxi's coal listed companies obviously occupy an important position. The subprime mortgage crisis in the United States is spreading to the global financial markets, affecting the markets around the United States and the global economy more and more, and the global economy is deteriorating. As far as coal is concerned, it has forced the Chinese government to adjust its import and export policies, reduce coal export quotas, raise export tax rates, shift from exports to domestic sales, stabilize domestic market demand, and reduce the price of some types of coal in China, while domestic coal supply exceeds demand. The market risk of downward price further increases. Based on this, this paper will study the growth of Shanxi coal listed companies, which has important theoretical value for the sustainable economic growth of Shanxi, especially how to maintain its growth in the financial crisis, but also has a strong practical significance. The full text is divided into six parts: the first part is the introduction part, mainly reviews and uses the domestic and foreign scholars' research results, comprehensively, systematically introduces the sustainable growth theory; The second part mainly introduces the nature and characteristics of the coal industry, the general situation of Shanxi coal listed companies and the impact of the financial crisis on the coal industry; The third part is the theoretical part of the article, in the introduction of sustainable growth model, further analysis of listed companies financial sustainable growth factors; The fourth part uses the method of empirical analysis to analyze the growth of Shanxi coal listed companies, the fifth part analyzes the reasons of the growth differences of Shanxi coal listed companies and the reasons leading to the growth differences under the financial crisis. In the sixth part, aiming at the problems existing in the sustainable financial growth of Shanxi coal listed companies, a set of effective solutions are put forward, which can provide reference for the growth management of listed companies, and aim at the characteristics of the industry. For Shanxi coal listed companies put forward strategies to deal with the financial crisis.
【学位授予单位】:山西财经大学
【学位级别】:硕士
【学位授予年份】:2010
【分类号】:F426.21;F224
本文编号:2428046
[Abstract]:The development of enterprises must be based on a certain rate of growth. Any decision and analysis of the enterprise must include the enterprise growth into its vision, otherwise, it is impossible to draw a more accurate and comprehensive conclusion, which is unfavorable to the long-term development of the enterprise. Coal is not only the main source of fuel power, but also an important chemical raw material and civil energy. Coal industry plays a very important role in the economic construction and social development of our country. Shanxi is one of the largest coal-producing and coal-transporting provinces in China, and an important energy and chemical industry base in China, which plays an extremely important role in Shanxi's economic development. In the national coal listed companies, whether in terms of quantity or scale, Shanxi's coal listed companies obviously occupy an important position. The subprime mortgage crisis in the United States is spreading to the global financial markets, affecting the markets around the United States and the global economy more and more, and the global economy is deteriorating. As far as coal is concerned, it has forced the Chinese government to adjust its import and export policies, reduce coal export quotas, raise export tax rates, shift from exports to domestic sales, stabilize domestic market demand, and reduce the price of some types of coal in China, while domestic coal supply exceeds demand. The market risk of downward price further increases. Based on this, this paper will study the growth of Shanxi coal listed companies, which has important theoretical value for the sustainable economic growth of Shanxi, especially how to maintain its growth in the financial crisis, but also has a strong practical significance. The full text is divided into six parts: the first part is the introduction part, mainly reviews and uses the domestic and foreign scholars' research results, comprehensively, systematically introduces the sustainable growth theory; The second part mainly introduces the nature and characteristics of the coal industry, the general situation of Shanxi coal listed companies and the impact of the financial crisis on the coal industry; The third part is the theoretical part of the article, in the introduction of sustainable growth model, further analysis of listed companies financial sustainable growth factors; The fourth part uses the method of empirical analysis to analyze the growth of Shanxi coal listed companies, the fifth part analyzes the reasons of the growth differences of Shanxi coal listed companies and the reasons leading to the growth differences under the financial crisis. In the sixth part, aiming at the problems existing in the sustainable financial growth of Shanxi coal listed companies, a set of effective solutions are put forward, which can provide reference for the growth management of listed companies, and aim at the characteristics of the industry. For Shanxi coal listed companies put forward strategies to deal with the financial crisis.
【学位授予单位】:山西财经大学
【学位级别】:硕士
【学位授予年份】:2010
【分类号】:F426.21;F224
【引证文献】
相关期刊论文 前1条
1 康俊;;基于财务视角对中小企业可持续增长的实证分析[J];信阳师范学院学报(哲学社会科学版);2012年02期
相关硕士学位论文 前1条
1 贡迪;煤炭上市公司财务预警模型实证研究[D];安徽大学;2011年
,本文编号:2428046
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