基于杜邦分析体系的中国财险公司绩效评价研究

发布时间：2018-02-11 11:48

本文关键词： 杜邦分析体系财产保险公司绩效评价指标体系　出处：《湖南大学》2014年硕士论文　论文类型：学位论文

【摘要】：随着国内保险市场的日益开放和同业竞争的逐步加剧，，保险公司越来越重视经营绩效的评价。企业经营绩效评价的方法很多，而杜邦分析体系是适用性较广的一种。由于保险公司业务经营和财务管理的特殊性，不能将杜邦分析体系完全照搬于保险公司，因此如何在其基础上进行尝试性的改进与完善，进而构建一套合理的绩效评价指标体系来评价我国财产保险公司绩效成为近年来研究的热点。本文从财务角度研究我国财险公司绩效的评价，引入杜邦分析体系构建了一套财险公司绩效评价指标体系，然后用其对我国39家财险公司进行实证分析。首先，文章阐述了企业经营绩效评价方法及杜邦分析体系的基本理论，从企业经营绩效评价的多种方法中选择杜邦分析体系作为本文的研究方法，先从理论上对杜邦分析体系核心理论进行了大致介绍，然后列举了国内外专家学者在传统方法上的一些改进。其次，文章介绍了保险公司传统绩效评价指标体系的局限性，再结合保险业特点和新保险会计准则构建了以权益净利率为核心指标，以承保净利率、投资收益率、投资收益乘数、其他利润率、已赚保费收入率、总资产周转率和财务杠杆系数为驱动因素的我国财险公司绩效评价指标体系。最后，文章运用基于杜邦分析体系的绩效评价指标体系对我国财险公司进行实证分析，主要包括描述性统计分析、回归分析和连环替代法分析。描述性统计分析主要通过分析各指标的最大、最小值及离散程度来判断数据的稳定性；回归分析通过构造面板数据模型来验证各分解指标与核心指标的定量关系；连环替代法具体分析每个分解指标对核心指标的变动影响，并针对影响最大指标的提高给出了相应建议。结论部分对实证分析的结果进行归纳总结，然后指出了本文的创新点与不足之处。
[Abstract]:With the increasing opening of the domestic insurance market and the gradual intensification of competition among the same industry, insurance companies pay more and more attention to the evaluation of business performance. However, DuPont analysis system is one of the most applicable ones. Because of the particularity of business operation and financial management of insurance companies, DuPont analysis system can not be completely copied to insurance companies. Therefore, how to improve and perfect DuPont analysis system on the basis of Dupont analysis system, Therefore, constructing a set of reasonable performance evaluation index system to evaluate the performance of China's property insurance companies has become a hot topic in recent years. This paper studies the performance evaluation of Chinese property insurance companies from the financial point of view, introduces the DuPont analysis system to construct a set of performance evaluation index system of property insurance companies, and then makes an empirical analysis of 39 property insurance companies in China. First of all, the paper expounds the basic theory of enterprise management performance evaluation method and DuPont analysis system, and selects DuPont analysis system as the research method of this paper from a variety of methods of enterprise management performance evaluation. This paper introduces the core theory of DuPont analysis system in theory, and then enumerates some improvements in traditional methods made by experts and scholars at home and abroad. Secondly, the paper introduces the limitation of the traditional performance evaluation index system of insurance companies, and then combines the characteristics of insurance industry and the new insurance accounting standards to construct the equity net interest rate as the core index, with the underwriting net interest rate and the investment return rate. The performance evaluation index system of Chinese property insurance companies is based on investment income multiplier, other profit margin, earned premium income rate, total asset turnover ratio and financial leverage coefficient. Finally, the paper uses the performance evaluation index system based on DuPont analysis system to analyze the property insurance companies in China, including descriptive statistical analysis. Regression analysis and serial substitution analysis. Descriptive statistical analysis judges the stability of the data mainly by analyzing the maximum, minimum and discrete degree of each index. Regression analysis verifies the quantitative relationship between the decomposition index and the core index by constructing the panel data model. The serial substitution method specifically analyzes the influence of each decomposition index on the change of the core index. The conclusion part summarizes the results of empirical analysis, and then points out the innovation and deficiency of this paper.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F842.3;F840.4

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