港口上市公司STREEC财务质量研究

发布时间：2018-07-31 16:21

【摘要】：港口作为国家的一项战略性资源,对一国参与国际竞争,发展国民经济,开展国际贸易活动均具有非常重要的意义。受我国宏观经济增速放缓,交通运输物流板块产能过剩的影响,港口的生产经营状况并不乐观。特别是对于港口上市公司,其所面对经济形势更为严峻,市场竞争更加激烈。为此增强港口上市公司竞争力,获得可持续发展成为港口上市公司的当务之急。对于港口上市公司而言,其市场表现,也就是股票价格,是十分重要的,不仅是决定港口上市公司能否实现可持续发展的重要因素,也是影响港口上市公司在国际国内竞争地位的关键所在。基于上市公司定期要将公司资料和财务信息向社会公众公开的特点,财务质量便成为影响股票价格的非常重要的因素。简而言之,财务质量就是公司竞争实力的货币量化。因此,优化财务质量,挖掘影响财务质量的各种因素,对于促进港口上市公司经济效益,加强港口上市公司竞争力具有重要意义。因此,本文研究了我国港口上市公司财务质量现状,建立了以每股收益为核心,以每股经营净现金流量为龙头,以销售利润率、总资产周转率、股东权益报酬率和产权比率为基础的财务质量分析体系,从六个财务比率,六个会计要素的角度对我国港口上市公司2008-2012五年来的财务质量进行了评价,提出改善我国港口上市公司目前财务现状的对策。
[Abstract]:As a strategic resource of a country, port is of great significance for a country to participate in international competition, develop national economy and carry out international trade activities. Due to the slowdown of macroeconomic growth and overcapacity of transportation and logistics, the production and management of ports are not optimistic. Especially for the port listed companies, its economic situation is more severe, the market competition is more fierce. To enhance the competitiveness of listed port companies, sustainable development has become an urgent task for listed port companies. For a port listed company, its market performance, that is, the stock price, is very important. It is not only an important factor that determines whether the port listed company can achieve sustainable development. It is also the key to the international and domestic competition of the listed port companies. Based on the fact that listed companies regularly disclose the company information and financial information to the public, the financial quality becomes a very important factor affecting the stock price. In short, financial quality is the monetary quantification of a company's competitive power. Therefore, it is of great significance to optimize the financial quality and excavate the various factors that affect the financial quality to promote the economic benefits of the port listed companies and strengthen the competitiveness of the port listed companies. Therefore, this paper studies the present situation of the financial quality of the listed port companies in our country, establishes the core of EPS, the net operating cash flow per share as the leading factor, the profit margin of sales, the turnover rate of total assets. The financial quality analysis system based on the rate of return on shareholders' equity and the ratio of equity to property is used to evaluate the financial quality of China's port listed companies in the five years from 2008 to 2012 from the perspective of six financial ratios and six accounting elements. The paper puts forward the countermeasures to improve the present financial situation of the listed companies in our country.
【学位授予单位】：大连海事大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F552.6

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