本文選題：中小板上市公司　切入點(diǎn)：成長性　出處：《安徽財(cái)經(jīng)大學(xué)》2012年碩士論文

【摘要】：中小企業(yè)發(fā)展是我國“十一五”發(fā)展規(guī)劃期間經(jīng)濟(jì)發(fā)展的重要組成部分,中小企業(yè)在國民經(jīng)濟(jì)中的地位和作用越來越重要。與“十一五”發(fā)展規(guī)劃相比,“十二五”發(fā)展規(guī)劃將進(jìn)一步解決中小企業(yè)融資和減負(fù)問題,在融資方面包括擴(kuò)大中小企業(yè)集合債試點(diǎn),在減負(fù)方面的重點(diǎn)則是減稅和減免行政事業(yè)性收費(fèi)。在“十二五”期間,政府會引導(dǎo)中小企業(yè)圍繞各領(lǐng)域龍頭企業(yè)展開上下游的布局,尤其是特色專業(yè)市場,政府還將成立合作平臺,以此來解決中小企業(yè)面臨的發(fā)展困境。中小企業(yè)板于2004年在深圳證券交易所成立,到2011年已經(jīng)走過了7個(gè)年頭,從2004年的38家上市公司到2010年的532家上市公司,中小企業(yè)板的規(guī)模在不斷擴(kuò)大,中小企業(yè)板已成為中小企業(yè)解決融資困難的主要平臺。 公司的成長性一直是公司治理和市場投資的焦點(diǎn)話題,成長性是公司的靈魂,是股市的生命,是衡量上市公司經(jīng)營狀況和發(fā)展前景的一項(xiàng)非常重要的指標(biāo)。中小企業(yè)板上市公司作為中小企業(yè)的優(yōu)秀代表,其成長性關(guān)系到中小板上市公司發(fā)展的優(yōu)劣。中小板上市公司由于其較小的資本規(guī)模,一直以來都是證券市場研究的對象,然而在金融危機(jī)的背景下,中小板上市公司成長性問題就變得更為突出,中小板上市公司的成長受到很多因素的影響,這些影響因素阻礙了中小企業(yè)的健康發(fā)展。因此,加強(qiáng)對中小板上市公司成長性及影響因素的研究,為中小板上市公司發(fā)展提出相應(yīng)的建議具有重要的理論意義和現(xiàn)實(shí)意義。 基于以上背景,本文遵循理論分析、實(shí)證檢驗(yàn)和提出建議的基本思路,將本文的研究內(nèi)容大體上分為五個(gè)部分,具體如下： 第一部分是本文的緒論部分,主要包括選題背景及研究意義、國內(nèi)外文獻(xiàn)綜述、研究內(nèi)容、研究方法和本文的創(chuàng)新點(diǎn)。這是本文的第一章。 第二部分介紹了公司成長的理論基礎(chǔ),也是本文寫作的理論基礎(chǔ)。主要介紹了企業(yè)成長理論和公司的生命周期理論。這是本文的第二章,采用的是規(guī)范分析方法。 第三部分對中小板上市公司情況及其成長影響因素進(jìn)行分析,首先對相關(guān)概念進(jìn)行介紹,如公司成長性和中小板市場。其次分析中小板上市公司的情況,按照上市日期、行業(yè)分布和地區(qū)分布的不同進(jìn)行分析。最后從公司競爭力、公司成長潛力和公司環(huán)境支持力三個(gè)方面對中小板上市公司成長影響因素進(jìn)行分析。這是本文的第三章,采用的是規(guī)范分析方法。 第四部分是實(shí)證研究部分,也是本文的重點(diǎn)部分。首先是提出本文的研究假設(shè),接著進(jìn)行研究設(shè)計(jì),最后運(yùn)用SPSS統(tǒng)計(jì)軟件進(jìn)行實(shí)證分析,包括對被解釋變量和解釋變量的描述性分析,對解釋變量的因子分析,提取公共因子,以公共因子為自變量對因變量進(jìn)行回歸分析。這是本文的第四章,采用的是實(shí)證分析方法。 第五部分是本文的結(jié)論部分,通過實(shí)證分析結(jié)果得出幾點(diǎn)結(jié)論,并在此基礎(chǔ)上提出中小板上市公司成長的政策建議及本文存在的不足之處。這是本文的第五章。
[Abstract]:The development of small and medium-sized enterprises in China is the "11th Five-Year" development plan an important part of the economic development, small and medium-sized enterprises and more important role in the national economy status. And compared with the "11th Five-Year" development plan, "12th Five-Year" development plan will further solve the financing of small and medium enterprises and the problems in the financing burden, including the expansion of debt collection pilot of small and medium-sized enterprises, focusing on the burden is the tax cuts and the reduction of administrative fees. In the "12th Five-Year" period, the government will guide the small and medium-sized enterprises around the leading enterprises in the field of expansion on the lower reaches of the layout, especially the characteristics of the professional market, the government will also set up a cooperation platform, in order to solve the development difficulties faced by small and medium enterprises. The establishment of the SME board in Shenzhen stock exchange from 2004 to 2011, has gone through 7 years, from the 38 listed companies in 2004 to 532 in 2010 The size of the SME board is expanding, and the SME board has become the main platform for small and medium enterprises to solve the financing difficulties.
The company's growth has been the focus of the topic of corporate governance and market investment, growth is the soul of a company, is the life of the stock market, is a very important index to measure the operating status of listed companies and development prospects. The SME board listed companies as small and medium-sized enterprises outstanding, its growth is related to the small and medium-sized board the development of listed companies. The advantages and disadvantages of the SME board listed companies due to its small scale of capital, has always been the research object in stock market, but in the context of the financial crisis, growth of the SME board listed companies becomes more prominent, affected by many factors of listed companies on SME growth, these factors hinder the healthy development of small and medium-sized enterprises. Therefore, strengthening of the SME board listed company growth and influence factors, puts forward relevant suggestions of development board for small and medium-sized listed companies The theoretical and practical significance.
Based on the above background, this paper follows the basic train of thought of theoretical analysis, empirical test and suggestion, and divides the research contents of the paper into five parts.
The first part is the introduction of this paper, including the background and significance of the topic, literature review, research contents, research methods and innovation.
The second part introduces the theoretical foundation of company growth and the theoretical foundation of this paper. It mainly introduces the theory of enterprise growth and the life cycle theory of company. This is the second chapter of this paper, which adopts normative analysis method.
The third part is the analysis of the SME board listed companies and the factors affecting the growth of, first of all the related concepts are introduced, such as the growth of the company and the small and medium-sized market. Secondly, the small board of listed companies, in accordance with the listing date, industry distribution and regional distribution of different analysis. Finally, from the company's competitiveness and support the company's growth the potential and the company environment analysis of the SME board listed companies growth factors three aspects. This is the third chapter of this paper, using the method of normative analysis.
The fourth part is the part of empirical research, is the key part of this article. First, this article put forward the research hypothesis and research design, and finally the use of SPSS statistical software for empirical analysis, including analysis of explanatory variables and explanatory variables descriptive, factor analysis of the explanatory variables, extracted common factor, with public factors as independent variables on the the dependent variable for regression analysis. This is the fourth chapter of this paper, using the method of empirical analysis.
The fifth part is the conclusion of this paper. Based on the empirical analysis, several conclusions are drawn, and on this basis, the policy recommendations and shortcomings of this paper are put forward. This is the fifth chapter of this paper.

【學(xué)位授予單位】：安徽財(cái)經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F275;F276.6;F832.51

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