山西省上市公司促进区域经济发展的问题研究

发布时间：2018-03-06 22:00

本文选题：上市公司　切入点：区域经济发展　出处：《山西大学》2014年硕士论文　论文类型：学位论文

【摘要】：从20世纪70年代末期开始实施改革开放政策以来,中国逐渐由计划经济体制向市场经济方向发展,伴随着股份制经济的发展,中国资本市场也由此开始萌生。经过了数十年的发展改革,我国资本市场从无到有,由小变大。从最初的只有数十家上市公司到现在拥有2000多家上市公司,总市值由1万亿元到现在近300万亿元。中国资本市场已经由一个摸索尝试的市场转变成了中国经济中最不可或缺的一部分。随着资本市场的发展壮大,作为资本市场的主体,上市公司在筹集资金、资源配置、制度管理方面有着天然的优势。其发展对于推动区域经济发展有着举足轻重的作用。山西省是中国中部地区的能源大省,截至2011年,GDP首次突破1万亿大关,全国经济总量排名第22位。虽然山西省资本市场发展较早,从1994年山西汾酒在上海证券交易所挂牌上市以来,已经有近20年的发展,但是截至2011年山西省仅有34家公司上市,与中部地区其他省份还有着不小的差距。资本市场规模小、发展速度慢、产业分布严重不合理是山西省上市公司的现状。那么山西省上市公司对于区域经济发展到底有没有促进作用,而这种作用到底有多大。本文将采用理论与实证相结合的方法,清楚的反应山西省上市公司对于区域经济发展的贡献。本文首先总结了国内外有关资本市场以及上市公司与区域经济发展的之间关系的研究成果,为文章的理论基础做出了铺垫。其次系统的描述了山西省经济发展现状和山西省上市公司发展现状,并和其他省份作对比,重点研究了山西省在经济发展中的优势和缺陷,以及山西省上市公司在区域经济中的定位。然后从理论分析角度对上市公司影响区域经济发展的作用机制进行尝试性的探讨。然后从实证的角度通过对山西省上市公司的发展规模与盈利情况对山西省历年GDP数据进行ADF检验、格兰杰因果关系检验、协整检验,证明了山西省上市公司发展情况对于促进区域经济发展有着一定的作用。并且详细计算了山西省上市公司对区域经济的GDP贡献、财政收入贡献以及解决就业的贡献。最后总结文章,发现山西省上市公司对于山西省经济发展有着巨大的贡献,并针对山西省上市公司与区域经济协同发展提出了建议和展望。
[Abstract]:Since the implementation of the policy of reform and opening to the outside world in the end of 1970s, China has gradually developed from a planned economy to a market economy, with the development of the joint-stock economy. As a result, China's capital market has also begun to sprout. After decades of development and reform, China's capital market has grown from nothing, from small to large. From the beginning, there were only dozens of listed companies to now have more than 2,000 listed companies. Total market value has grown from 1 trillion yuan to nearly 300 trillion yuan now. China's capital market has changed from a trial market to the most indispensable part of the Chinese economy. As the capital market grows and grows, it is the main body of the capital market. Listed companies have natural advantages in raising funds, allocating resources and managing institutions. Their development plays an important role in promoting regional economic development. Shanxi Province is a major energy province in central China. By 2011, the country's total economic output had topped the 1 trillion mark for the first time, ranking 22nd. Although Shanxi's capital market developed earlier, it has been nearly 20 years since Shanxi Fenjiu was listed on the Shanghai Stock Exchange in 1994. But as of 2011, there were only 34 companies listed in Shanxi Province, which is still a big gap with other provinces in the central region. The capital market is small and slow. The serious unreasonable distribution of industries is the current situation of listed companies in Shanxi Province. So whether or not the listed companies in Shanxi Province can promote the development of regional economy, and how much this effect is, in the end, this paper will adopt the method of combining theory with empirical research. It clearly reflects the contribution of listed companies in Shanxi Province to the development of regional economy. Firstly, this paper summarizes the research results of the capital market and the relationship between listed companies and regional economic development at home and abroad. Secondly, it systematically describes the current economic development of Shanxi Province and the current situation of listed companies in Shanxi Province, and makes a comparison with other provinces, focusing on the advantages and disadvantages of Shanxi Province in economic development. And the position of the listed companies in the regional economy in Shanxi Province. Then from the perspective of theoretical analysis, this paper tries to explore the mechanism of the listed companies' influence on the development of regional economy. The development scale and profit of the city company are tested by ADF to the GDP data of Shanxi Province over the years. Granger causality test and cointegration test prove that the development of listed companies in Shanxi Province plays a certain role in promoting regional economic development, and the GDP contribution of listed companies to regional economy is calculated in detail. Finally, the paper concludes that the listed companies in Shanxi Province have great contribution to the economic development of Shanxi Province, and puts forward suggestions and prospects for the coordinated development of Shanxi listed companies and regional economy.
【学位授予单位】：山西大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F127;F276.6

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