我国电子行业上市公司的投资价值研究

发布时间：2018-04-03 11:26

本文选题：电子行业　切入点：投资价值　出处：《天津财经大学》2014年硕士论文

【摘要】：进入到21世纪科技时代以来,电子产品应运而生,人们的生活和工作愈来愈依赖于电子科技,人们与日俱增的需求带动了电子行业的发展,使其逐渐成为了国有经济中的龙头产业,在一定程度上,衡量一个国家的综合国力需要考量的是其电子产业。本文以电子行业上市公司为基础,根据电子产业特征,具体分析了我国电子行业未来总体的发展趋势及市场前景。本文根据市场投资价值理论,运用因素分析法具体分析了我国电子行业上市公司的投资价值,并给出提升电子行业投资价值的对策建议。本文详细阐述行业分析理论,采用了57家具有代表性的证券公司的数据,模拟建立了电子指数,通过精准的计算预估了电子指数的风险性。因素分析实证分析结果显示,电子行业的发展能力因子载荷最大,说明电子行业的未来发展潜力较大,虽然盈利能力不算太高,但在未来仍有很大的上升空间。电子行业的风险控制因子载荷较小,说明该行业受市场波动影响较大,投资者投资于该行业的风险较大。此外,电子行业的经营能力仍有待提高。综上分析,电子行业是一个未来成长性很高的行业,但在成长过程中仍面临着各种市场风险,而且该行业的盈利性与经营能力也存在很大的提升空间。
[Abstract]:Since twenty-first Century to enter the era of science and technology, electronic products have emerged, people's life and work become more and more dependent on Electronic Science and technology, people grow with each passing day demand led to the development of the electronics industry, it has become the leading industry of state-owned economy, to a certain extent, a measure of a country's comprehensive national strength is the need to consider the electronic industry. The electronic industry listed companies as the basis, according to the characteristics of the electronics industry, a detailed analysis of China's electronic industry in the future developing trend and market prospect. Based on the theory of value investment market, using factor analysis method to analyze China's electronics industry investment value of listed companies, countermeasures and suggestions to enhance the investment value of the electronics industry this paper details are also given. Industry analysis theory, using 57 representative of the securities company data, simulates the electronic index, Through precise calculation to estimate the risk of the electronic index. Factor analysis empirical analysis results show that the load capacity factor of the development of the electronics industry, illustrate the potential for future development of electronic industry is large, although profitability is not too high, but in the future there is still a big rise in space. The load factor of risk control in the electronics industry the industry, subject to market fluctuation is large, investors in a greater risk of the industry. In addition, the electronic business ability still needs to be improved. In conclusion, the electronics industry is a future high growth industry, but in the process of growing up is still facing various market risks, but the profitability and operating capacity the industry also has the very big promotion space.

【学位授予单位】：天津财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F406.7;F426.6

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