基于因子分析的房地产上市公司财务能力综合评价研究

发布时间：2018-01-16 08:00

本文关键词：基于因子分析的房地产上市公司财务能力综合评价研究　出处：《辽宁工程技术大学》2014年硕士论文　论文类型：学位论文

【摘要】：在如今的中国市场经济体系中,房地产行业占据了举足轻重的低位。房地产行业内部存在着激烈的竞争,但是该行业却在不断壮大、不断发展,竞争与变化日新月异。一家房地产公司想要在激烈的竞争中获得优势,就必须从公司的各个方面入手,全面提升公司品质。而公司的财务能力,作为公司自身实力的重要指标,就更需要得到加强和改进。房地产上市公司作为房地产行业的龙头企业,其在财务能力方面的发展和存在的问题可以很好的反映整个行业的全貌。所以,文章选取了2013年沪深股市的20家房地产上市公司的年度报告,对企业的财务状况进行评估；然后对存在问题比较明显的几家公司,有针对性的提出了几点促进其长期发展的建议,主要集中在改进财务能力方面,这是该文研究的意义所在。在评价方法的选取上,本文选择了相对客观、准确和容易操作的方法——因子分析法。通过评价分析,找出主因子,计算因子得分。在评价指标的选取上,通过对中西方企业绩效评价发展历程的描述以及我国房地产上市公司指标体系现状的分析,本文提出了影响房地产开发企业绩效的关键因素,在分析了上市房企绩效评价指标建立的原则和影响因素后,本文建立了以偿债能力、盈利能力、营运能力、成长能力、现金流量能力等五个维度出发的财务指标评价体系。在实例研究中,本文以我国沪深两市A股市场的20家房地产上市公司作为研究样本,借助数据统计软件SPSS,得出房地产上市公司的综合绩效排名。同时为房地产上市公司的发展提出了合理化建议。
[Abstract]:In the current market economy system of China, the real estate industry occupies a pivotal low. There is fierce competition in the real estate industry, but the industry is growing and developing. Competition and change are changing with each passing day. If a real estate company wants to gain an advantage in the fierce competition, it must start from all aspects of the company, improve the quality of the company in an all-round way, and the financial ability of the company. As an important indicator of the company's own strength, it is even more necessary to strengthen and improve the real estate listed companies as the leading enterprises in the real estate industry. Its financial ability development and existing problems can well reflect the overall picture of the industry. Therefore, the article selects 20 real estate listed companies in Shanghai and Shenzhen stock market in 2013 annual report. To evaluate the financial situation of the enterprise; Then the existence of more obvious problems of several companies, targeted to put forward a few suggestions to promote its long-term development, mainly focused on improving the financial capacity. This is the significance of this study. In the selection of evaluation methods, this paper chose a relatively objective, accurate and easy to operate method-factor analysis. Through evaluation and analysis, find out the main factors. Calculation factor score. In the selection of evaluation indicators, through the description of the development process of the performance evaluation of Chinese and Western enterprises and the analysis of the current situation of the index system of the listed real estate companies in China. This paper puts forward the key factors that affect the performance of real estate development enterprises. After analyzing the principles and influencing factors of establishing the performance evaluation index of listed housing enterprises, this paper establishes the ability to repay debt, profitability and operation ability. Growth ability, cash flow capacity and other five dimensions of financial indicators evaluation system. In the case study, this paper takes 20 real estate listed companies in Shanghai and Shenzhen A-share markets as the research samples. With the help of the statistical software SPSS, the comprehensive performance ranking of the listed real estate companies is obtained, and the rational suggestions for the development of the listed real estate companies are put forward at the same time.
【学位授予单位】：辽宁工程技术大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.233.42

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