我国农业上市公司终极控制权对财务风险的影响研究

发布时间：2018-04-18 01:00

本文选题：农业上市公司 + 终极控制权　；参考：《哈尔滨理工大学》2015年硕士论文

【摘要】：农业的我国的基础性产业，它在国民经济中扮演了非常重要的角色，但农业的发展缓慢。农业上市公司吸收了资本市场中的社会资金，对农业的产业升级起到了至关重要的作用，农业的经营管理市场化是农业发展的必然趋势。但是近些年，我国部分农业上市公司的经营管理中出现的问题也不容忽视，如公司的经营业绩下降、公司主要的涉农业务盈利率低，甚至有的农业上市公司面临破产的困境，这都导致农业上市公司的财务风险提高。本文试图通过阐述农业上市公司的基本情况，发现农业上市公司中存在终极控股股东的现象极其普遍。并且出现了两权分离的现象，终极控制股东通过一定的方式增大两权分离度，在一定程度上侵害了中小股东的利益，增大了农业上市公司的财务风险。本文共分为五个部分：第一部分为绪论，首先研究了国内外相关的文献，然后介绍了研究背景、目的意义，对国内外研究现状进行了分析和总结，介绍了本文的主要研究内容、方法和思路，以及技术路线。第二部分主要阐述了农业上市公司终极控制权的情况和财务风险的含义，主要有我国农业上市公司的基本情况和发展现状，终极控制权的内涵、农业上市公司终极控制权的方式以及农业上市公司财务风险的表现。第三部分主要以理论研究为基础，对农业上市公司终极控制权各因素对财务风险的影响进行剖析，主要分析了两权分离度、终极控制人的性质和终极控制结构对财务风险的影响，并且更具分析结论提出了相关理论假设。第四部分为实证分析，主要对第三部分所提出的理论假设分别进行了检验，建立模型、变量定义、样本选择和数据来源，，先对样本进行了描述性统计分析，然后利用线性回归的方法对农业上市公司2011-2013年的数据进行了实证检验。第五部分是通过以上研究分析得出的有关农业上市公司的风险管控对策。综上所述，本文以2011-2013年农业上市公司的会计数据为样本，对我国农业上市公司终极控制权对财务风险的影响进行分析，进行实证验证，进而得出结论，希望对农业上市公司的财务风险管理起到一定的参考作用。
[Abstract]:Agriculture is China's basic industry, it plays a very important role in the national economy, but the agricultural development is slow. The agricultural listed companies in the capital market to absorb social funds for agriculture, industrial upgrading has played a crucial role in agricultural management market is the inevitable trend of agricultural development. But in recent years, business management of China's Listed Companies in agriculture can not be ignored, such as the company's operating performance decline, the company profit rate of main agriculture related business is low, and even some of the listed agricultural companies facing bankruptcy, which have led to agricultural listed companies' financial risk. This paper tries to elaborate the basic situation agricultural listed companies, found the ultimate controlling shareholder of listed agricultural companies in the phenomenon is extremely common. And the emergence of the phenomenon of separation of two rights of ultimate controlling shareholders through. A certain way to increase the separation of two rights, to a certain extent, infringes the interests of small and medium shareholders, and increases the financial risk of the listed agricultural companies.
This paper is divided into five parts: the first part is the introduction, firstly study the relevant literature at home and abroad, and then introduces the research background, purpose and significance, analyzed and summarized the research status at home and abroad, introduces main research contents, methods and ideas, as well as the technical route. The second part mainly expounds the ultimate the right of control of the listed agricultural companies and financial risk meaning, mainly the basic situation and development status of agricultural listed companies in China, the connotation of the ultimate control of the financial risk, the ultimate control of listed agricultural companies and agricultural listed companies performance. The third part is mainly based on the theoretical research on the factors influencing the ultimate control right of agricultural listed companies financial risk analysis, the main analysis of the separation of two rights, the nature of the ultimate controller and the ultimate control structure of financial risk. Ring, and more analysis conclusion and puts forward the theory hypothesis. The fourth part is the empirical analysis, theoretical assumptions on the third part of the proposed tests were carried out, the establishment of model, variable definition, sample selection and data sources, the first of the samples were descriptive statistical analysis, and then use the linear regression method for empirical test of agricultural listed companies in 2011-2013 years. The fifth part is about the risk management of agricultural listed companies countermeasures based on the analysis above it.
In summary, based on the accounting data of 2011-2013 agricultural listed companies as the sample, the ultimate control of the impact of agricultural listed companies the right to financial risk analysis, empirical validation, then draws the conclusion, hope the financial risk management of agricultural listed companies play a role.

【学位授予单位】：哈尔滨理工大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F324;F302.6

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