互联网金融上市公司盈余质量评价研究

发布时间：2018-03-25 10:46

本文选题：互联网金融上市公司　切入点：盈余质量　出处：《中原工学院》2017年硕士论文

【摘要】：伴随着我国互联网技术的发展,各大网络交易平台纷纷涌现,互联网技术的应用慢慢渗透到了金融领域,二者完美的融合,使得互联网金融应运而生。近年来,由于互联网金融在我国的发展速度很快,导致相关的行业准则、法律法规、管理机制等不完善,该行业面临的风险很大。企业盈余质量的高低一直是投资者关注的焦点,但是,目前专门用于评价互联网金融企业盈余质量的体系并不完善,许多学者在构建盈余质量评价体系时,并没有把相关的非财务指标考虑在内,这样的评价是片面的,因为经济环境、政治环境、法律环境、行业特征等非财务指标对企业盈余质量的影响是不容忽视的,因此,本文在构建评价模型时,分别考虑了财务指标和非财务指标的影响,并将二者结合起来,综合评价我国互联网金融上市公司的盈余质量。本文以互联网金融概念板块中的122家上市公司作为研究对象,通过搜集、阅读、整理大量的文献资料,总结已有的研究成果,初步获得了盈余质量的影响因素,并通过分析我国互联网金融上市公司的经营环境、业务特征,得到了影响其盈余质量的因素,由此确定了本文的评价指标体系。并将这些指标划区分为财务指标(定量指标)和非财务指标(定性指标),分别运用主成分分析法和层次分析法对这些指标进行处理,得到财务指标评价模型和非财务指标评价模型,并对结果进行评价和分析。研究结果表明,目前我国互联网金融上市公司的盈余质量并不高,其盈余质量不高的原因,具体包括风险控制系统很不完善,专业人才缺乏,相关法律法规缺失,经济环境欠佳等。尤其是风险控制能力比较弱,其对互联网金融上市公司盈余质量产生的影响最大,互联网金融行业面临的风险复杂多样,主要包括财务风险、法律风险以及技术性风险等,但是大部分公司都不能准确识别出并有效控制这些风险,某些企业甚至没有风险意识。为了规范互联网金融行业的发展,使广大投资者能够获得更加可靠的会计信息,保护广大投资者的利益,根据本文得出的结果和分析,针对如何提高我国互联网金融上市公司的盈余质量提出了五条建议,分别是优化风险控制系统、储备专业人才、完善治理结构、注重现金流量、加强法制监督。通过本次研究,有利于提高我国互联网金融上市公司的盈余质量,进而促进我国互联网金融行业健康有序地发展。
[Abstract]:With the development of Internet technology in our country, various network trading platforms have emerged one after another. The application of Internet technology has gradually penetrated into the financial field. The perfect integration of the two technologies makes Internet finance emerge as the times require. Due to the rapid development of Internet finance in China, which leads to the imperfection of relevant industry standards, laws and regulations, management mechanism and so on, this industry faces great risks. The quality of enterprise earnings has always been the focus of investors' attention, but, At present, the system specifically used to evaluate the earnings quality of Internet financial enterprises is not perfect. Many scholars did not take relevant non-financial indicators into account when constructing the earnings quality evaluation system. Such an evaluation is one-sided. Because the influence of non-financial indicators such as economic environment, political environment, legal environment, industry characteristics on the earnings quality of enterprises can not be ignored, this paper considers the influence of financial index and non-financial index respectively when constructing the evaluation model. This paper takes 122 listed companies in the concept of Internet finance as the research object, through collecting, reading, sorting out a large number of documents. This paper summarizes the existing research results, obtains the influencing factors of earnings quality, and obtains the factors that affect the earnings quality by analyzing the operating environment and business characteristics of Chinese Internet financial listed companies. Therefore, the evaluation index system of this paper is determined, and these indexes are divided into financial index (quantitative index) and non-financial index (qualitative index), which are treated by principal component analysis (PCA) and analytic hierarchy process (AHP), respectively. The financial index evaluation model and the non-financial index evaluation model are obtained, and the results are evaluated and analyzed. The results show that the earnings quality of China's Internet financial listed companies is not high, and the reasons for the earnings quality are not high. Including the imperfect risk control system, the lack of professional personnel, the lack of relevant laws and regulations, the poor economic environment, etc. Especially, the risk control ability is relatively weak, which has the greatest impact on the earnings quality of Internet financial listed companies. The risks faced by the Internet financial industry are complex and diverse, including financial risks, legal risks and technical risks. However, most companies cannot accurately identify and effectively control these risks. Some enterprises do not even have risk consciousness. In order to standardize the development of the Internet financial industry, to enable the majority of investors to obtain more reliable accounting information and to protect the interests of the vast number of investors, according to the results and analysis obtained in this paper, This paper puts forward five suggestions on how to improve the earnings quality of China's Internet financial listed companies. They are optimizing the risk control system, reserving professional talents, perfecting the governance structure, paying attention to cash flow and strengthening the supervision of the legal system. It is beneficial to improve the earnings quality of the listed companies of Internet finance in China, and then promote the healthy and orderly development of the Internet finance industry in China.
【学位授予单位】：中原工学院
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F724.6;F832;F830.42

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