本文關(guān)鍵詞：制造業(yè)上市公司財(cái)務(wù)彈性與盈利能力關(guān)系的實(shí)證研究　出處：《青島大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 制造業(yè)上市公司 財(cái)務(wù)彈性 盈利能力 相關(guān)性 實(shí)證研究

【摘要】：制造業(yè)企業(yè)作為一個(gè)整體,一直以來(lái)在經(jīng)濟(jì)社會(huì)發(fā)展中發(fā)揮著重大的作用,而我國(guó)的制造業(yè)企業(yè)卻普遍存在盈利能力不強(qiáng)的狀況；在現(xiàn)有文獻(xiàn)當(dāng)中,關(guān)于盈利能力的相關(guān)研究較多,但大多是從盈利能力的度量角度進(jìn)行研究,對(duì)于從財(cái)務(wù)彈性角度進(jìn)行研究的,并不是很多,所以將財(cái)務(wù)彈性與盈利能力相結(jié)合并進(jìn)行研究是一個(gè)比較新的視角。而上市制造業(yè)公司的盈利能力的發(fā)展受多種因素的共同影響,財(cái)務(wù)彈性可以作為一個(gè)重要的多種影響盈利能力因素的綜合體,所以把上市制造業(yè)公司的盈利能力與財(cái)務(wù)彈性的相關(guān)性作為本文的研究切入點(diǎn),把上市制造業(yè)公司作為研究對(duì)象,對(duì)如何從財(cái)務(wù)彈性角度提高公司的盈利能力進(jìn)行探索性研究,具有重要的初創(chuàng)性意義。 本文旨在通過(guò)對(duì)我國(guó)上市制造業(yè)企業(yè)的盈利能力與財(cái)務(wù)彈性的相關(guān)性進(jìn)行初步探索研究,分析我國(guó)上市制造業(yè)企業(yè)是否存在合理的財(cái)務(wù)彈性區(qū)間,并結(jié)合我國(guó)的上市公司制造業(yè)企業(yè)的實(shí)際情況和研究結(jié)果,旨在提高其自身的盈利能力提出了合理化的建議。本文的研究?jī)?nèi)容安排如下：第一章,介紹論文研究的理論意義和現(xiàn)實(shí)意義；第二章,財(cái)務(wù)彈性與盈利能力相關(guān)性的理論；第三章,我國(guó)上市制造業(yè)企業(yè)的總體概況,主要介紹了上市制造業(yè)企業(yè)的特征、地位以及作用,分析財(cái)務(wù)彈性與盈利能力相關(guān)的描述性分析,以及它們的相關(guān)性；第四章,企業(yè)財(cái)務(wù)彈性與盈利能力相關(guān)性的實(shí)證研究,首先采用主成分分析法,對(duì)上市制造業(yè)公司的盈利能力進(jìn)行綜合評(píng)價(jià),得出盈利能力綜合評(píng)價(jià)指數(shù)；然后采用層次分析法和變異系數(shù)法對(duì)上市制造業(yè)公司的財(cái)務(wù)彈性進(jìn)行綜合評(píng)價(jià),得出財(cái)務(wù)彈性綜合評(píng)價(jià)指數(shù)；最后將盈利能力綜合評(píng)價(jià)指數(shù)與財(cái)務(wù)彈性綜合評(píng)價(jià)指數(shù)進(jìn)行回歸分析,并與相關(guān)的描述性研究進(jìn)行結(jié)合,得出以下結(jié)論：一是我國(guó)上市制造業(yè)公司的財(cái)務(wù)彈性與盈利能力相關(guān)；二是我國(guó)上市制造業(yè)公司的財(cái)務(wù)彈性存在一個(gè)合理區(qū)間；第五章,提高我國(guó)上市制造業(yè)公司盈利能力的對(duì)策,通過(guò)對(duì)相關(guān)研究的結(jié)論的深入分析,進(jìn)而為我國(guó)上市制造業(yè)公司提高盈利能力提出以下建議：(1)上市制造業(yè)公司應(yīng)加強(qiáng)財(cái)務(wù)管理工作,尤其是相關(guān)的負(fù)債和現(xiàn)金流的管理工作；(2)上市制造業(yè)公司應(yīng)將企業(yè)的財(cái)務(wù)彈性保持在一個(gè)合理的水平,以更好地提高企業(yè)的盈利能力。 本文的創(chuàng)新之處在于,現(xiàn)有對(duì)于企業(yè)盈利能力的研究的相關(guān)文獻(xiàn)大多是盈利能力評(píng)價(jià)模型而言進(jìn)行研究,未涉及到一個(gè)綜合的反映負(fù)債和現(xiàn)金綜合能力的評(píng)價(jià)指標(biāo)財(cái)務(wù)彈性,本文就是從財(cái)務(wù)彈性的角度,以我國(guó)制造業(yè)上市公司為例,對(duì)我國(guó)上市制造業(yè)企業(yè)的盈利能力與財(cái)務(wù)彈性相關(guān)性進(jìn)行研究,對(duì)發(fā)展關(guān)于對(duì)于上市制造業(yè)公司的盈利能力評(píng)價(jià)模型有初創(chuàng)性貢獻(xiàn)。
[Abstract]:Manufacturing enterprises as a whole have been playing an important role in the economic and social development, but the manufacturing enterprises in our country generally do not have strong profitability. In the existing literature, there are many related studies on profitability, but most of them are from the perspective of profitability measurement, and not a lot from the perspective of financial elasticity. Therefore, the combination of financial elasticity and profitability is a relatively new perspective, and the development of profitability of listed manufacturing companies is affected by a variety of factors. Financial elasticity can be used as an important synthesis of many factors affecting profitability, so the relationship between profitability and financial elasticity of listed manufacturing companies is the starting point of this paper. The research on how to improve the profitability of listed manufacturing companies from the angle of financial elasticity is of great significance. The purpose of this paper is to explore the correlation between profitability and financial elasticity of listed manufacturing enterprises in China, and to analyze whether there is a reasonable range of financial elasticity for listed manufacturing enterprises in China. Combined with the actual situation and research results of Chinese listed companies manufacturing enterprises, the paper puts forward some reasonable suggestions to improve its profitability. The research content of this paper is arranged as follows: chapter 1. The paper introduces the theoretical and practical significance of the research; The second chapter, the theory of the correlation between financial elasticity and profitability; The third chapter, the general situation of listed manufacturing enterprises in China, mainly introduces the characteristics, status and role of listed manufacturing enterprises, and analyzes the financial elasticity and profitability related descriptive analysis. And their relevance; Chapter 4th, empirical study on the correlation between enterprise financial elasticity and profitability. Firstly, the main component analysis is used to evaluate the profitability of listed manufacturing companies, and the comprehensive evaluation index of profitability is obtained. Then the analytic hierarchy process (AHP) and coefficient of variation (CV) are used to evaluate the financial elasticity of listed manufacturing companies, and the comprehensive evaluation index of financial elasticity is obtained. Finally, the comprehensive evaluation index of profitability and the comprehensive evaluation index of financial elasticity are analyzed by regression analysis, and combined with the related descriptive research. The following conclusions are drawn: first, the financial elasticity of listed manufacturing companies in China is related to profitability; Second, there is a reasonable range of financial elasticity of listed manufacturing companies in China; Chapter 5th, the countermeasures to improve the profitability of listed manufacturing companies in China, through the in-depth analysis of the conclusions of the relevant research. Then the following suggestions are put forward for the listed manufacturing companies to improve their profitability: 1) the listed manufacturing companies should strengthen the financial management, especially the related liabilities and cash flow management; 2) listed manufacturing companies should keep their financial flexibility at a reasonable level in order to improve their profitability. The innovation of this paper is that most of the relevant literature on the research of profitability is the evaluation model of profitability. It does not involve a comprehensive evaluation index of debt and cash ability. This paper takes the listed companies of manufacturing industry in our country as an example from the angle of financial elasticity. This paper studies the relationship between profitability and financial elasticity of listed manufacturing enterprises in China, and makes an initial contribution to the development of models for evaluating the profitability of listed manufacturing companies.
【學(xué)位授予單位】：青島大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F275;F425

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