我国农业上市公司资本结构与经营绩效的关系研究

发布时间：2018-04-23 03:27

本文选题：农业上市公司 + 经营绩效　；参考：《吉林农业大学》2016年硕士论文

【摘要】：农业问题一直是国家和政府关注的重点问题,从近年的一号文件来看,政府都将“三农问题”放在首位,农业的发展关系到国民经济的持续增长,2014年的中央一号文件也再次强调要增强农业在国民经济中的基础地位。农业上市公司是代表农业发展状况的龙头企业,是农业生产经营的高级组织形式,是农业通过资本市场融资的有效途径,也是我国农业和证券市场有机结合的独特形式和实现农业持续发展的重要环节。然而,近年来尽管政府持续增加针对我国农业上市公司的资金投入,但是农业上市公司的整体经济效益仍然不高,相比较其他行业的上市公司还存在很大的差距。公司的资本结构是企业所有者权利与义务的集中体现,是管理者经营决策的间接反映,对公司经营效益有着重大的影响。所以,本文从资本结构入手,研究农业上市公司的资本结构和公司经营效益的关系,试图探究两者之间的内在关系,了解限制农业上市公司提高绩效的有关资本结构方面的原因,并研究分析,提出改善农业上市公司资本结构提升经营绩效的对策意见。本文围绕农业上市公司资本结构与经营效益的关系展开,结合有关资本结构与经营效益方面的理论依据,计算统计2012-2014年的农业上市公司财务方面的数据,分析我国目前农业上市公司的大致情况和农业上市公司经营绩效与资本结构的现状。然后假设农业上市公司的资本结构与经营效益之间的内在联系,以资产负债率、流动负债率、股权集中度为资本结构的评价指标。用净资产收益率为经营效益的评价指标,用公司成长性与公司规模作为控制变量,对指标建立计量经济学模型,通过SPSS19.0软件进行回归分析,得出关于我国农业上市公司资本结构与经营绩效之间的关系的结论。最后根据结论为农业上市公司资本结构与经营绩效提出合理化的建议与对策。
[Abstract]:The issue of agriculture has always been the focus of attention of the state and the government. Judging from document No. 1 of recent years, the government has put the "three issues, rural areas" in the first place. The development of agriculture is related to the sustained growth of the national economy, and the first document of the Central Committee in 2014 emphasizes once again the need to strengthen the basic position of agriculture in the national economy. Agricultural listed companies are leading enterprises representing the development of agriculture, a high-level form of organization for agricultural production and management, and an effective way for agriculture to raise funds through the capital market. Also is our country agriculture and the stock market organic union unique form and realizes the agriculture sustainable development important link. However, in recent years, although the government continues to increase the capital investment for agricultural listed companies in China, the overall economic benefits of agricultural listed companies are still not high, compared with the listed companies in other industries, there is still a big gap. The capital structure of the company is the concentrated embodiment of the owner's rights and obligations, the indirect reflection of the manager's management decision, and it has a great influence on the company's operating efficiency. Therefore, this paper starts with the capital structure, studies the relationship between the capital structure and the operating efficiency of the agricultural listed companies, and attempts to explore the internal relationship between the two. To understand the reasons of restricting agricultural listed companies to improve their capital structure, and to put forward the countermeasures to improve the capital structure of agricultural listed companies to improve their management performance. This paper focuses on the relationship between capital structure and operating efficiency of agricultural listed companies, and calculates the financial data of agricultural listed companies in 2012-2014 by combining the theoretical basis of capital structure and operating efficiency. This paper analyzes the general situation of agricultural listed companies in China and the present situation of their operating performance and capital structure. Then assume the inherent relationship between the capital structure and the operating efficiency of the agricultural listed companies, taking asset-liability ratio, current debt ratio and equity concentration degree as the evaluation index of the capital structure. Using the net assets return rate as the evaluation index of the operation benefit and the company growth and the company scale as the control variable, the econometrics model of the index is established, and the regression analysis is carried out by SPSS19.0 software. A conclusion is drawn on the relationship between capital structure and operating performance of agricultural listed companies in China. Finally, according to the conclusion, the paper puts forward some reasonable suggestions and countermeasures for the capital structure and management performance of agricultural listed companies.
【学位授予单位】：吉林农业大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F324;F302.6

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