中国企业非主营因素利润贡献率的特点及潜在风险分析——基于沪深两市非金融上市公司的数据

发布时间：2018-03-29 22:27

本文选题：非金融业上市公司　切入点：非主营因素　出处：《中国注册会计师》2013年04期

【摘要】：通过分析2007-2010年沪深两市非金融业上市公司营业外收支净额、投资收益和公允价值变动这三个非主营因素对利润的贡献发现,我国绝大多数公司的非主营因素对公司利润产生了正面影响,但很多公司特别是大公司的非主营因素对利润的贡献偏高,其中营业外收支净额对利润的贡献最大,其次是投资收益,而公允价值变动一般情况下对利润贡献很小,但在金融市场动荡期间则会对利润产生较大不利影响。上述特点很可能导致上市公司总体利润不确定性偏高、不利于企业和整体经济的可持续发展、加大经济体系的系统风险、以及不利于价值投资理念的树立。
[Abstract]:Based on the analysis of the contribution of the three non-main factors to the profits of non-financial listed companies in Shanghai and Shenzhen stock markets from 2007 to 2010, such as net income and expenditure, investment income and fair value change, The non-main factors of most companies in China have a positive effect on the profits, but the non-main factors of many companies, especially the large companies, contribute more to the profits, among which the net non-operating income and expenditure contribute the most to the profits. The second is investment income, and the change of fair value generally contributes little to profits, but it will have a great negative impact on profits during the financial market turbulence. The above characteristics may lead to the high uncertainty of the overall profits of listed companies. It is unfavorable to the sustainable development of the enterprise and the whole economy, to increase the systematic risk of the economic system, and to set up the idea of value investment.
【作者单位】：天津理工大学国际工商学院;
【基金】：天津市哲学社科基金项目,项目名称:滨海新区战略性新兴产业的产融结合模式选择(项目号:TJYY12-057)
【分类号】：F233;F832.51

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