我国上市公司区域差异研究

发布时间：2018-05-29 21:17

本文选题：上市公司 + 区域差异　；参考：《河北大学》2014年硕士论文

【摘要】：自上世纪90年代，中国证券市场建立以来，特别是近10年，我国市场经济和金融产业进入快速发展阶段。其中上市公司作为市场经济的重要主体和金融产业的中坚力量，在社会经济中占有重要作用。作为金融市场基石、中国企业领跑者的上市公司，拥有比其它公司更为广阔的发展平台和更快的成长速度，其绩效水平和经营效益在一定程度上成为我国社会经济发展方向和质量的风向标和晴雨表。自上世纪建立以来，我国的股票市场迅速发展，上市公司的数量也急剧膨胀，到2012年初已发展到2300多家，成为企业资金筹集、产业结构优化、资源合理配置的中坚力量。但是，各地区上市公司无论是在规模上还是在结构都表现出极大地差异性。本文主要通过描述性统计和计量统计两种方法对我国上市公司区域分布差异进行研究。其中，发展规模、产业结构、绩效水平、IPO筹资能力四个方面的差异分析，主要运用描述性统计方式，得出的结论为：在发展规模、IPO筹资能力两个方面，东部地区上市公司均优于中、西部地区上市公司；产业结构方面，东部地区主要在资本密集、技术密集产业及服务业具有绝对优势，而中、西部地区的相对优势主要集中在资源型产业，其中以西部地区尤为突出；绩效水平方面，净利润东部高于中、西部地区，而每股收益中部最高，可见中部地区在平均资本收益上占有相对优势。对于经济贡献度的研究主要运用了面板数据分析的计量模型，通过比较上市公司数量对地区GDP规模的影响程度，对比分析三个地区上市公司经济贡献度的大小，得出东部地区上市公司对地区经济的贡献度最高。根据上述差异性分析结果，结合差异产生的背后根源，对东、中、西三大地区推动上市公司区域均衡发展分别提出了针对性的建议。
[Abstract]:Since the establishment of China's securities market in the 1990s, especially in the past 10 years, China's market economy and financial industry have entered a stage of rapid development. Listed companies, as the main body of market economy and the backbone of financial industry, play an important role in social economy. As the cornerstone of the financial market, the listed companies, which are the leaders of Chinese enterprises, have a broader development platform and faster growth than other companies. To a certain extent, its performance level and management benefit have become the wind vane and barometer of the development direction and quality of our country's social economy. Since the establishment of the last century, the stock market in China has developed rapidly, and the number of listed companies has expanded rapidly. By the beginning of 2012, the number of listed companies has grown to more than 2300, which has become the backbone of corporate capital raising, industrial structure optimization, and rational allocation of resources. However, there are great differences in scale and structure of listed companies in different regions. In this paper, the regional distribution differences of listed companies in China are studied by descriptive statistics and econometric statistics. Among them, development scale, industrial structure, performance level and IPO financing ability are analyzed in four aspects, mainly using descriptive statistical method. The conclusions are as follows: development scale and IPO financing ability. The listed companies in the eastern region are superior to the listed companies in the central and western regions. In terms of industrial structure, the eastern region has absolute advantages in capital-intensive, technology-intensive industries and service industries. The relative advantage of the western region is mainly concentrated in the resource-based industry, especially in the western region. In terms of performance level, the net profit in the east is higher than that in the middle and the western region, while the earnings per share is the highest in the central region. Visible central area occupies comparative advantage on average capital income. The research of economic contribution mainly uses the econometric model of panel data analysis. By comparing the influence of the number of listed companies on the regional GDP scale, this paper compares and analyzes the economic contribution of the three regional listed companies. The paper draws the conclusion that the contribution of listed companies in the eastern region to the regional economy is the highest. According to the above analysis results, combined with the root of the differences, the paper puts forward some suggestions to promote the regional balanced development of listed companies in the east, the middle and the west.
【学位授予单位】：河北大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51;F276.6

【参考文献】