湖南省上市公司绩效评价研究

发布时间：2018-03-17 02:32

本文选题：湖南省上市公司　切入点：企业绩效　出处：《湖南工业大学》2017年硕士论文　论文类型：学位论文

【摘要】：湖南省作为国家“中部崛起战略”计划实施中的地区之一,其经济发展状况一直备受关注。在此政策的扶持下,湖南省的经济发展也在一定程度上取得了成效,其最直观的表现就是近十几年来我省上市公司的数额明显增多。尽管近十几年来湖南省内上市公司的发展比较迅速和有序,但与东部沿海城市相比较而言,湖南省上市公司在绩效和产业结构等方面仍与其存在着很大差距,这也是造成湖南省上市公司在整个行业竞争中处于劣势地位的主要原因。因此,为了更好地推动湖南省的经济发展,如何提升湖南省上市公司的绩效水平就显得尤为重要。基于此,本文将运用因子分析等数理方法来研究评价和分析湖南省上市公司的绩效情况,以期为提升上市公司的绩效水平提出切实可行的建议。本文首先回顾了上市公司绩效及其评价方法等相关概念和理论,然后在介绍湖南省上市公司发展现状的基础上,以湖南省71家上市样本公司为研究对象,在前人的研究基础上,归纳总结并构建了适合湖南省上市公司绩效评价的指标体系,其主要是对公司的盈利能力、偿债能力、营运能力和成长能力4方面的13个指标进行分析。其次,通过分析湖南省上市公司三年的数据,运用因子分析法,不仅提取出了偿债因子、资本盈利因子、业务盈利因子、成长因子和运营因子这5个因子,还得到了湖南上市公司三年期间综合因子得分的排名。同时,为了深入探究公司绩效是否受其他因素的影响,及验证绩效排名的准确性,本文将进一步提出影响综合绩效得分因素的相关假设。该假设以综合绩效得分为被解释变量,以企业规模大小、企业性质、企业上市时间长短、企业地域以及行业分布为解释变量,运用相关性分析等方法来得到相关结论。最后,根据实证研究结果,从综合绩效得分与各得分因子、企业行业分布、企业地域、企业上市时间长短之间存在的相关性出发,提出能提升湖南省上市公司绩效水平的相关建议,以期能对湖南省上市公司的发展给予一定的建议支持,并希望在未来的研究中能弥补现有研究所存在的不足,进行更深层次的探索。
[Abstract]:Hunan Province, as one of the regions in the implementation of the "Central China rising Strategy", has been paying close attention to its economic development. With the support of this policy, the economic development of Hunan Province has to a certain extent achieved results. The most intuitive expression is that the number of listed companies in our province has increased significantly in the past ten years. Although the development of listed companies in Hunan Province has been relatively rapid and orderly in the past ten years, compared with the eastern coastal cities, There is still a big gap between the listed companies in Hunan Province in performance and industrial structure, which is the main reason why the listed companies in Hunan Province are at a disadvantage in the competition of the whole industry. In order to better promote the economic development of Hunan Province, how to improve the performance of listed companies in Hunan Province is particularly important. This paper will use factor analysis and other mathematical methods to study and analyze the performance of listed companies in Hunan Province. In order to improve the performance level of listed companies, this paper first reviews the relevant concepts and theories, such as performance of listed companies and their evaluation methods, and then introduces the development of listed companies in Hunan Province on the basis of the current situation. Taking 71 listed sample companies in Hunan Province as the research object, on the basis of previous studies, this paper summarizes and constructs an index system suitable for the performance evaluation of listed companies in Hunan Province, which mainly deals with the profitability and solvency of the companies. Secondly, by analyzing the data of three years of listed companies in Hunan Province and using factor analysis, not only the debt service factor, capital profit factor, business profit factor, but also business profit factor are extracted. These five factors, growth factor and operation factor, also got the rank of comprehensive factor score of Hunan listed company during three years. Meanwhile, in order to investigate whether the company's performance is affected by other factors, and to verify the accuracy of performance ranking, This paper will further put forward the related hypotheses that affect the factors of comprehensive performance score, which take the comprehensive performance score as the explanatory variable, take the size of the firm, the nature of the enterprise, the length of the company's listing time, etc. Finally, according to the empirical results, from the comprehensive performance score and each score factor, the enterprise industry distribution, the enterprise region, the enterprise region, the enterprise industry distribution, the enterprise region, the enterprise industry distribution, the enterprise region, the enterprise industry distribution, the enterprise industry distribution, the enterprise region, and so on. Based on the correlation between the duration of the listed companies, this paper puts forward some suggestions to improve the performance of the listed companies in Hunan Province, in order to give some suggestions to the development of the listed companies in Hunan Province. And hope to make up for the deficiency of the existing research in the future research, carry on the deeper level exploration.
【学位授予单位】：湖南工业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51

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