上市公司价值创造对云南经济增长贡献的评价

发布时间：2018-05-11 23:10

本文选题：上市公司 + 经济增长　；参考：《昆明理工大学》2013年硕士论文

【摘要】：随着社会经济文化的不断进步,现代公司逐渐成为当代经济发展的推进器和发动机,对促进地区经济增长发挥着重要作用。而作为这些现代公司中的姣姣者—上市公司,毋庸置疑在推动经济增长的过程中处于中流砥柱的地位。云南省经济发展水平较为落后,金融证券化程度低,虽然如此,云南上市公司还是凭借着其在资本市场中的融资功能,不断加大公司投资规模,完善公司内部治理,取得了长足的发展,为云南省经济增长作出了一定的贡献。但与其他省份上市公司相比之下,云南上市公司整体表现还相差甚远,规模小,数量少,价值创造能力弱等问题尤其突出。本文首先总结了国内外学者关于上市公司对经济增长贡献的相关研究成果,其次概述了云南省经济增长的特点以及上市公司的基本情况,然后从上市公司价值创造在云南经济增长中的整体贡献以及分行业贡献两个角度出发,分别测算其创造值,最后根据具体的测算结果对上市公司在云南经济增长中所作出的贡献进行评价。在具体的研究过程中,本文运用EVA核算方法以及计量经济学相关知识,详细考察了云南省上市公司近几年所创造的的经济价值以及工业价值。从计算结果看,上市公司整体价值创造对云南经济增长的贡献不显著,但在分行业讨论的视角下,其价值创造对行业经济增长贡献较为明显。这一矛盾就突显出,作为当代经济的推动器,云南省上市公司并未充分发挥其对经济的促进作用。因此,根据本文的研究成果,为提高上市公司价值创造对云南省经济增长的贡献,首先要积极培育后备上市公司资源,壮大云南省上市公司的数量,其次要尽可能发挥现有上市公司的融资作用,加大资本以及劳动力的投入来提升上市公司的价值创造能力,最后扩大上市公司的产业关联度,最大限度发挥上市公司对云南省经济的带动作用。
[Abstract]:With the development of social economy and culture, modern company has become the propeller and engine of contemporary economic development, which plays an important role in promoting regional economic growth. As one of these modern companies, listed companies are undoubtedly the mainstay of economic growth. Yunnan's economic development level is relatively backward, and the level of financial securitization is low. Nevertheless, Yunnan listed companies continue to increase their investment scale and improve their internal governance by virtue of their financing functions in the capital market. It has made great progress and contributed to the economic growth of Yunnan Province. However, compared with the listed companies in other provinces, the overall performance of Yunnan listed companies is still far away, small scale, small quantity, weak value creation ability and so on. This paper first summarizes the research results of domestic and foreign scholars on the contribution of listed companies to economic growth, and then summarizes the characteristics of economic growth in Yunnan Province and the basic situation of listed companies. Then, from the perspective of the overall contribution of the value creation of listed companies in Yunnan's economic growth and the contribution of various industries, the creation value of the listed companies is calculated separately. Finally, the contribution of listed companies in Yunnan's economic growth is evaluated according to the specific results. In the specific research process, this paper makes use of EVA accounting method and econometrics related knowledge to investigate in detail the economic value and industrial value created by Yunnan listed companies in recent years. From the result of calculation, the contribution of overall value creation of listed companies to Yunnan's economic growth is not significant, but the contribution of value creation to industry economic growth is obvious from the perspective of sub-industry discussion. This contradiction highlights that, as the driving force of the contemporary economy, the listed companies in Yunnan Province have not given full play to their role in promoting the economy. Therefore, according to the research results of this paper, in order to improve the value of listed companies to create the contribution to the economic growth of Yunnan Province, first of all, we should actively cultivate the resources of backup listed companies, and expand the number of listed companies in Yunnan Province. Secondly, it is necessary to exert the financing function of the existing listed companies as far as possible, increase the input of capital and labor to enhance the value creation ability of listed companies, and finally expand the industrial relevance of listed companies. To maximize the impact of listed companies on the economy of Yunnan Province.
【学位授予单位】：昆明理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F127;F276.6

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