我国信托公司经营绩效的影响因素研究

发布时间：2018-02-22 03:59

本文关键词： 绩效评价影响因素信托因子分析公司治理　出处：《西北大学》2015年硕士论文　论文类型：学位论文

【摘要】：文章评价了我国信托公司经营绩效并分析了其影响因素。首先本文从理论部分分析了影响我国信托公司经营绩效的因素,将这些因素分为两大类,即外部因素和企业自身因素。外部因素包括法律制度,宏观经济环境,社会信用水平,竞争状况等。法律制度完善,宏观经济环境好,社会信用水平高,竞争较少更有利于提高我国信托公司经营绩效。企业自身因素包括企业治理结构和经营策略两大块。公司治理结构因素又包括股权结构,董事会治理及监事会治理等三个部分。股权结构较集中,股权制衡度较高；董事会规模适宜,独立董事比例较高,董事会次数较多；监事会规模大,监事会会议次数多,对提高我国信托公司绩效更有帮助。经营策略方面要求企业资产配置要合理,人力资源分配要合适,资产规模要大,资产质量要好。这样的经营策略才对企业发展,经营绩效提高有帮助。接着文章评价了我国信托公司的经营绩效。由于信托行业的特殊性,本文在评价方法上没有选用常见的杜邦分析法等方法,而是采用主成分因子分析法。用SPSS中的主成分因子分析评价了32家数据较完整的信托公司绩效,并根据综合因子得分对这32家信托公司的经营绩效排名。然后根据理论分析进行了实证检验。由于外部因素对我国信托公司来说,大部分影响都是相同的,因而选取对不同企业有不同影响的三大块影响因素进行了实证检验。即外部区域环境,公司治理,经营策略三大部分。实证检验采用Eviews6.0软件使用回归的方法。通过实证分析发现理论分析的结论大部分都是正确的,但也存在一些问题。在我国对独立董事重视程度不够,因而独立董事没能很好的为公司服务。董事会的召开只是出现了问题后来解决问题的,并没有主动召开。监事会缺乏独立性,在工作期间会受到相关人员的干扰。因而我国的信托公司应重视这些问题,不断改进,完善。同时从实证结果也可以看出我国信托公司整体在资产配置,资产质量上都比较好,应继续保持。我国信托公司还应合理利用区域因素来促进自身发展,提高经营绩效。
[Abstract]:This paper evaluates the operating performance of trust companies in China and analyzes its influencing factors. Firstly, this paper analyzes the factors that affect the operating performance of trust companies in China from the theory part, and divides these factors into two categories. External factors include legal system, macroeconomic environment, social credit level, competitive status, etc. The legal system is perfect, the macroeconomic environment is good, and the social credit level is high. Less competition is more conducive to improving the performance of trust companies in our country. The factors of the enterprises themselves include the corporate governance structure and the management strategy. The corporate governance structure factors include the equity structure. The board of directors governance and the board of supervisors governance are three parts. The ownership structure is more concentrated, the equity balance degree is higher; the board size is appropriate, the proportion of independent directors is higher, the board of directors is more, the board of supervisors is large, the board of supervisors meetings are many, It is more helpful to improve the performance of trust companies in our country. In terms of management strategy, it is necessary for enterprises to allocate assets reasonably, to allocate human resources appropriately, to have a large scale of assets and to improve the quality of assets. This kind of management strategy is only good for the development of enterprises. It is helpful to improve the management performance. Then, the paper evaluates the management performance of trust companies in China. Because of the particularity of trust industry, this paper does not choose the common methods such as DuPont analysis, etc. Instead, the principal component factor analysis (PCA) was used to evaluate the performance of 32 trust companies with complete data in SPSS. And according to the comprehensive factor score of the 32 trust companies operating performance ranking. Then according to the theoretical analysis of empirical test. Because of external factors to China's trust companies, most of the impact is the same. Therefore, three major influencing factors which have different influence on different enterprises are selected for empirical test, namely, external regional environment, corporate governance, corporate governance, corporate governance, corporate governance, corporate governance, corporate governance and corporate governance. The empirical analysis shows that most of the conclusions of the theoretical analysis are correct, but there are some problems. In our country, the independent directors are not paid enough attention to. As a result, the independent directors failed to serve the company well. The meeting of the board of directors only appeared a problem and then solved the problem, and did not take the initiative to convene the board. The board of supervisors lacked independence. The trust companies in our country should pay attention to these problems, improve and perfect them constantly. At the same time, from the empirical results, we can also see that the overall asset allocation and asset quality of the trust companies in our country are relatively good. The trust companies in China should make use of regional factors to promote their own development and improve their business performance.
【学位授予单位】：西北大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F832.49

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