基于可持续增长的房地产上市公司财务预警研究

发布时间：2018-01-01 20:12

本文关键词：基于可持续增长的房地产上市公司财务预警研究　出处：《沈阳理工大学》2013年硕士论文　论文类型：学位论文

【摘要】：企业财务危机的发生往往是诸多影响因素相互作用的结果，而房地产企业由于负债水平较高、资金周转快、受外部环境变化影响大等特征，使得房地产企业随时有可能面临很大的财务风险。因此在企业内部建立简洁、高效的财务预警模型，对财务危机从源头上进行控制和化解对确保企业的可持续成长具有重要的指导意义，对于上市公司各利益相关方而言也是一个十分有益的决策辅助工具。本课题拟在对我国关于可持续增长理论以及财务预警理论的研究进行总结归纳学习的基础上，借鉴国外关于财务预警研究的经验，力求构建一适当的预警模型为我国房地产上市公司在日益激烈的市场竞争环境能够可持续性发展增长、提升企业价值提供一些参考建议。本文首先在绪论部分介绍了本文的研究背景、研究意义、国内外研究现状以及本文的创新点，，其次对可持续增长与财务预警理论进行相关概述，进而以房地产上市公司为研究对象在理论上阐述可持续增长能力与财务危机之间关系，最后对32家样本房地产上市公司2006年至2011年的财务数据进行整理，运用因子分析进行降维处理，建立房地产上市公司的logistic预警模型，检验发现该模型具有很好的识别能力。
[Abstract]:The occurrence of corporate financial crisis is often the result of the interaction of many factors, but the real estate enterprises because of the high level of debt, fast capital turnover, by the changes in the external environment and other characteristics. The real estate enterprises may be faced with great financial risks at any time. Therefore, a simple and efficient financial early-warning model is established within the enterprises. To control and resolve the financial crisis from the source has important guiding significance to ensure the sustainable growth of enterprises, and it is also a very useful decision-making assistant tool for all stakeholders of listed companies. On the basis of summing up and studying the theory of sustainable growth and the theory of financial early warning, this topic draws lessons from the experience of foreign countries on the study of financial early warning. This paper tries to construct an appropriate early warning model to provide some reference suggestions for the sustainable development and growth of the listed real estate companies in the increasingly fierce market competition environment and to enhance the enterprise value. In the introduction part, this paper introduces the research background, research significance, domestic and foreign research status and innovative points of this paper, and then summarizes the sustainable growth and financial early warning theory. Then take the real estate listed company as the research object in the theory elaborated the sustainable growth ability and the financial crisis relations. Finally, the financial data of 32 sample real estate listed companies from 2006 to 2011 are sorted out, and the dimensionality reduction is processed by factor analysis. The logistic early warning model of real estate listed companies is established, and the test results show that the model has good recognition ability.
【学位授予单位】：沈阳理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F299.233.4

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